China’s Footwear Supply Chain Platform Zhaomidou Raised Tens of Millions of Yuan in a Strategic Angel Round Funding Led by Chengdu New Economic Development Venture Capital

China’s footwear supply chain platform Zhaomidou raised tens of millions of yuan in a strategic angel round funding led by Chengdu New Economic Development Venture Capital. The investment will be sued to improve Zhaomidou’s supply chain, develop technologies,and expand market.

Established in 2016, Zhaomidou provides footwear material trading, design information, supply chain finance, and other comprehensive supply chain service to footwear producers and footwear material suppliers. By October this year Zhaomidou has served over 20,000 footwear producers, and worked with more than 6000 footwear material suppliers. The platform’s GMV edges towards ￥1 billion.