In December 2020, Panex Group ("Panex"), an integrated cross-border e-commerce service provider, announced the completion of a series of financing of several hundred million Yuan. This round of financing was led by CDH Baifu, and followed by Sole Capital, Concept Capital and Hongsheng Fund. The financing funds will be used for overseas warehouse expansion and improvement, cross-border supply chain platform construction and research and development.
As the legal advisor of CDH Baifu, Llinks has provided professional legal services for this project with its rich project experience in the field of investment and financing.
Founded in 2013, Panex has owned nearly 20 overseas holding subsidiaries in North America, Europe, Oceania and Asia, and 51 self-operated overseas warehouses with a total area of ??more than 300,000 square meters, connecting hundreds of domestic and overseas platforms. Starting from the industry itself, the group builds a comprehensive supply chain service platform driven by information technology, based on overseas warehouses, and global network operations as its core competitiveness. Its business involves cross-border logistics import and export business, overseas warehouse warehousing/value-added services, FBA headway/transfer business, cross-border supply chain circulation services, such as overseas agency procurement, distribution, e-commerce agency operations, e-commerce training, and supply chain finance Wait. In the future, Panex will continue to strengthen the integrated services of logistics and transactions, and build a global cross-border circulation service platform.
CDH Baifu has invested in cross-border e-commerce for more than 5 years. It has invested in many leading companies such as Zhejiang Zhiyu, Youkeshu, Yunji, Urbanic and other leading companies.
