Operator Finance Network Intern Zodiac Xiao Yuzhu/Wen
Not long ago, Zhuanzhuan Group held a strategic upgrade conference, announced a farewell to the identity of the Internet e-commerce platform, and repositioned it as a circular economy industry company. It is reported that Xiang Changfeng serves as the vice president of Zhuanzhuan.
Xing Changfeng's age, education, and past experiences before coming to Zhuanzhuan have no information, but Zhuanzhuan was there when he was incubated in 58.com. Maybe he had worked at 58.com before?
Before the Zhuanzhuan App was launched in November 2015, 58.com actually incubated two projects. One is Zhuanzhuan established based on Tencent’s credit mechanism, mainly based on the C2C model; the other is second-hand high-quality products, which enters the category of second-hand mobile phones, focuses on the C2B2C model, and provides machine inspection and quality inspection services.
Xing Changfeng's memory, the second-hand high-quality project was opened in a small room without windows on the second floor of 58.com. At that time, users' mobile phones were sent to the platform, and several people were responsible for the storage, quality inspection, photography, listing and sales. "When we trade 30 mobile phones every day, we basically traveled together." Xiang Changfeng revealed that the camera they used to take photos of their mobile phones was "sponsored" by Huang Wei using his personal camera. After the establishment of
Zhuanzhuan, Xiang Changfeng became the general manager of Zhuanzhuan 3C business group and was also the vice president of the company.
Xiang Changfeng said that Zhuanzhuan has been "planning" for a long time. In the fall of 2019, Zhuanzhuan CEO Huang Wei really made the decision, and the one who runs the goods is Xiang Changfeng, the vice president of Zhuanzhuan. He has been responsible for Zhuanzhuan's core category - second-hand mobile phone business.
Before the establishment of the Cheat Pilot, Xiang Changfeng visited six or seven major players in the second-hand mobile phone field and invited the other party to join. He predicts that in the future, online transactions can account for 30-40% of the entire second-hand mobile phone market, while offline transactions can account for 50-60%.
In November 2019, Zhuanzhuan joined hands with the online second-hand recycling platform Flash Recycling and domestic leading supply chain companies such as Qiyue and Yipin to jointly invest in the establishment of a company and officially launched the B2B second-hand trading platform "Caihuoxia". Xiang Changfeng said that the 2B service of the "Caihuoxia" platform not only meets the needs of efficient B-end transactions, but also forms a complementary relationship with Zhuanzhuan's existing C2C transactions.
On March 20, 2020, Xiang Changfeng accidentally asked Liangji executive Yang Zhong to mention the merger and acquisition matters, wanting to understand the other party’s ideas and intentions. Immediately, Yang Zhong conveyed this message to Wen Yanjie, and Wen Yanjie expressed his interest. In May of the same year, Zhuanzhuan and Zhaoliangji merged, and the new company's valuation reached US$1.8 billion.
In October last year, Xiang Changfeng, who is also the CEO of Caihuoxia, said when introducing the B2B business, "Caihuoxia platform has entered the second-hand mobile phone category and has grown into the industry's leading second-hand 3C supply chain and service platform. Since its establishment, the platform's GMV has achieved a growth of nearly 450%. "
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