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Zhaosuliao operates an e-commerce platform specializing in plastic raw material transactions, providing comprehensive services for the petrochemical industry. Its platform facilitates brokered and self-operated trading, integrated logistics, and financial solutions. The company supports procurement and sale of common plastics, including polyethylene, polypropylene, PVC, and ABS, and offers market analysis and custom OEM for modified plastics.
Operated by Guangzhou Baisoo E-commerce Co., Ltd., Zhaosuliao emerged from the insight that the plastics raw material market lacked an efficient, centralized spot trading platform. It was established to streamline transactions, directly connecting suppliers and purchasers to foster a transparent and accessible marketplace for industrial commodities.
The platform serves enterprises across plastics manufacturing and processing, linking buyers and sellers of raw materials. Zhaosuliao’s long-term vision is to become China's largest spot trading platform for plastic raw materials, enhancing transactional efficiency and market transparency within this industrial supply chain.
Zhaosuliao has raised $20.0M across 1 funding round.
Zhaosuliao has raised $20.0M in total across 1 funding round.
Zhaosuliao has raised $20.0M in total across 1 funding round.
Zhaosuliao's investors include Qiming Venture Partners.
Zhaosuliao is a B2B e-commerce platform specializing in plastics trading, connecting suppliers and buyers of plastic raw materials primarily in Southeastern China.[1][2][5] Founded in 2014, it provides market information, trading services, and hosts an estimated 90% of plastic trades in the region, with early monthly turnover reaching up to RMB 2 billion.[1][4] The platform solves inefficiencies in the fragmented plastics supply chain by enabling online transactions, targeting industrial buyers and sellers in a massive market.[2][5]
It has secured significant funding, including a $20 million round and a $36 million Series B, fueling growth in digitalizing plastics commerce.[1][4] Zhaosuliao serves the plastics industry ecosystem, streamlining procurement and sales for manufacturers, distributors, and traders.
Zhaosuliao emerged in early 2014 (with formal founding in July), founded by Bin Mu, amid China's booming manufacturing sector where plastics trading was notoriously fragmented and offline.[1][5] Inspired by successful models like Zhaogang in steel, the team aimed to disrupt plastics supply chains through a digital B2B platform.[5] Early traction was rapid: by mid-2015, it achieved monthly turnovers of RMB 2 billion and dominated Southeastern China trades.[4][1]
Pivotal funding milestones included a $36 million Series B in 2015 and a $20 million raise later, backed by investors like Qiming Venture Partners, validating its model and accelerating national expansion.[1][3][4]
Zhaosuliao rides the wave of B2B digitalization in China's industrial sectors, transforming analog supply chains into efficient online marketplaces amid e-commerce giants like Alibaba.[5] Timing aligns with post-2014 manufacturing upgrades and rising raw material demands from electronics, automotive, and packaging industries. Favorable forces include China's plastics consumption leadership and government pushes for supply chain resilience. It influences the ecosystem by pioneering vertical B2B models, inspiring similar platforms in commodities and boosting investor interest in industrial tech.
Zhaosuliao is poised for pan-China expansion and potential international forays, capitalizing on AI-enhanced matching and logistics integrations to sustain dominance.[1][2] Trends like sustainable plastics and Industry 4.0 will shape its path, with opportunities in green materials trading amid global regulations. Its influence may evolve into a full-stack supply chain operator, solidifying its role as the "Zhaogang of plastics" in a trillion-yuan market.[5] This positions it as a resilient tech play in industrial digitization.
Zhaosuliao has raised $20.0M across 1 funding round. Most recently, it raised $20.0M Series A in January 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2015 | $20M Series A | — | Qiming Venture Partners | Announced |
