China
Chainss.com is a global B2B platform for material trading, with over 30,000 suppliers and millions of SKUs covering all material categories. The platform aims at revolutionizing the traditional textile industry with an "online trading as the core, professional services as the auxiliary" strategy in response to the "Internet+" and "supply-side reform" economic development strategies. The company's mission is to provide an information platform for global material producers, a trading platform for global material transactions, and an incubation base for young designers.
Founded in 2014, Chainss.com received a 50 million RMB Series A investment from IDG Capital, the first and only B2B project in the textile industry by the company in China. In April 2016, the company secured a Series B funding of $15 million, with Huachuang Capital leading the round and IDG participating. The meaning of Chainss is to optimize the fashion industry supply chain to help stakeholders achieve fashion connections more quickly. The company has garnered various accolades, including being recognized as one of the ten most influential brands in the Chinese fabric industry, winning the 2016 China Excellence Competitive Best Business Model Innovation Award, and ranking among the top six B2B e-commerce apps in 2016.
