On May 10, the 2019 China Industrial Internet Spring Summit ended successfully in Shanghai! The summit is a highly representative and influential event in the field of industrial Internet. ICZOOM, as a benchmark in the vertical industry-the Internet of electronics industry, was invited to participate in this summit, with more than 1,000 investment institutions, service providers, and manufacturing companies, Distribution companies, upstream and downstream service companies in the industry chain, e-commerce platforms, and industry elites in the SaaS field.

The Summit

In recent years, Matrix Partners China has been active in the Internet race track of various industries in China and is one of the institutions with the most investment in the To B field. At the summit, Xiong Fei, the partner of Matrix Partners China, shared the investment logic on the theme of "Industrial Internet: Looking for New Trillion Market Opportunity":

First, track coverage: In the mature US market, each B2B track is a market of hundreds of billions to trillions, and many companies have tens of billions of dollars in valuation.

American B2B Representative Company

Secondly, model judgment: Each track has a successful listed company, and the market value of the head company is close to / over 15 billion US dollars. Science and technology continue to penetrate various industries and must maintain excellent judgment.

Industrial Internet mature market status

Third, customer orientation: In the domestic industrial Internet, innovative companies have been born in all racetracks. To benchmark the US market, the new business model is customer-oriented. It is important to look at two core indicators. First, the increase in cost utilization compared to the traditional model and its factors. Secondly, inventory turnover. At present, the GDP growth rate is slowing down and incremental transfers have been carried out. Comprehensive circulation costs have an urgent need to reduce costs. Innovations in increasing efficiency and reducing costs are even more important.

Fourthly, many innovative and first-class industrial Internet companies have been born in the domestic market. Now it is the eve of the industrial Internet.

Atlas of domestic industrial Internet companies

At the investor roundtable forum hosted by Zhao Jinwei, the managing partner of Peakview Capital, with the guests of Tang Minglei, the partner of Peakview Capital ,  Gan Zixin,  the Executive Director of China Merchants Venture Capital,  Zhang Shaoyu , the Managing Director of Jiuhe Venture, and Dong Chengxian, the   Capital Vice President of Chengwei Captial,  expressing their opinions on the theme of "How to See the Opportunities of the Chinese Industrial Internet" and bringing high-quality brainstorming and thought feasts to the entrepreneurs of the Chinese Industrial Internet.

Investor Roundtable Forum

Steel trade, MRO, logistics and other industries are constantly injecting new capitals. Compared to the traditional electronic component field, there is little financing. So far, the total component e-commerce financing has been less than 1 billion Chian yuan, Although the electornic industry is not valued by the capital, but does not mean that its Internet opportunities are small. The electronics industry is a trillion-dollar market, and traditional distributors' business models are costly and inefficient.

In the afternoon session, Xia Lei, the founder of ICZOOM, gave a speech on the theme of "How to subvert a trillion-dollar market", comprehensively analyzed the current status and pain points of the electronics industry market, and then to broke it through one by one, He expounds the solutions of ICZOOM, which aims at "how to build an excellent Internet platform for the electronic industry" and "how to serve 3 million small and medium electronic enterprises". ICZOOM’ solution is the best spokesperson for the Internet of the electronics industry.

ICZOOM Founder Mr. Xia Lei

At the awards ceremony, Mr. Xia Lei, the founder of ICZOOM, was awarded the " Influential People of Industrial Internet Development in China in 2019" (second from left in the figure below).

Mr. Xia Lei (second from left) took the stage to receive the award

ICZOOM was once again ranked among the "Top 100 Chinese Commodity E-Commerce Companies in 2019".

Mr. Xia Lei (first from left) took the stage to receive the award

We sincerely thank our customers and partners for supporting us all the way, and thank everyone who voted for us!

ICZOOM will continue to deliver expectations and focus on the electronics industry.  We have been always focusing on providing better nuggets for small and medium-sized customers that are the gold mine of the electronic industry , effectively reducing the costs for market development, research and development, procurement and financing for small and small customers, so that enterprises have stronger vitality, integrated development with the Internet and supply chain.