Shengqiang Chen
陈晟强
Shengqiang Chen is the co-founder and COO of Yijiupi (易久批, formerly 易酒批), a Chinese FMCG industrial internet platform focused on B2B alcohol distribution. Per Source Code Capital's reporting from 2016–2020, he helped build the company through multiple funding rounds including a $100 million Series C in 2016 and a $200 million Series D co-led by Meituan and Tencent in 2018, and was involved in its 2020 merger with Zhangshangkuaixiao as part of industry consolidation . Elsewhere's corpus does not cover his background prior to Yijiupi or any subsequent roles.
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Coverage
Source Code Capital Portfolio Company Yijiupi Merges with Zhangshangkuaixiao, Accelerating Consolidation in FMCG Industrial Internet Source Code Capital portfolio company Yijiupi has strategically merged with Zhangshangkuaixiao, marking an acceleration of industry consolidation in the FMCG industrial internet sector.
The merger of Yijiupi and Zhangshangkuaixiao marks a new phase in the development of China's FMCG industrial internet.
Source Code Capital portfolio company Yijiupi raises $200 million in Series D funding, co-led by Meituan and Tencent, with existing investor Source Code Capital continuing to increase its stake
Yijiupi (supply chain/retail terminals) + Tencent (WeChat Pay/Mini Programs) + Meituan (in-store/on-demand delivery)
Yijiupi Closes $100 Million Series C Round, Source Code Capital Backs E-commerce 'Dark Horse' in Alcohol Industry
The strong growth prospects that came with aligning with strategic investors undoubtedly became the most powerful tailwind behind Yijiupi's rapid completion of its Series C round.
