Hua Xian Bang

Hua Xian Bang (化纤邦) is a business-to-business platform focused on the chemical fiber industry in China, offering one-stop trading services and SaaS solutions. Founded in early 2014 by CEO Fang Junfang, the company facilitates the trade of various chemical fiber products such as PTA, MEG, PET, and polyester fiber. The idea for the company originated from a newsletter Fang Junfang had been compiling for six to seven years, which provided industry information.

The company operates through several business lines. 'Bang Bang Ding' provides customized SaaS solutions to chemical fiber enterprises, while 'Bang Bang Dai' offers sales and purchase services on a commission basis. Its 'Chemical Fiber Mall' and 'Bang Bang Peijian' are mobile platforms for trading, and 'Bang Bang Wuliu' is a logistics service that partners with a significant portion of the sector's logistics providers. Additionally, 'Chemical Fiber News' delivers industry updates and trends to a readership of over 100,000. The business model involves generating revenue from commissions on sales and purchases, alongside its SaaS offerings. In 2017, the company reported a year-on-year growth of over 400% in gross merchandise volume (GMV), with its mobile trading solutions nearing an annual GMV of 50 billion yuan.

Hua Xian Bang has successfully secured multiple funding rounds, including an 8 million yuan angel round in October 2015 from 01VC and Jiuzhou Venture, a 15 million yuan A round in June 2016 led by Welight Venture Capital, and a Series B round of tens of millions of yuan in January 2018.

Keywords: chemical fiber, B2B platform, SaaS solutions, supply chain management, online trading, PTA, MEG, polyester fiber, logistics services, commodity trading, industrial internet, textile industry, China, B2B e-commerce, raw materials, manufacturing supply chain, FinTech, trade finance, procurement platform, digital marketplace.