On December 27th, the "2017 Member Representative Conference of China E-commerce Association B2B Industry Branch" hosted by B2B industry professional media Toby Network was held at the Shangri La Hotel in Ningbo. Zhan Jun, an investor of Far East Smart Energy Co., Ltd. (referred to as Smart Energy, stock code: 600869) and Senior Vice General Manager and Chief Operating Officer of Far East Buy Sell Bao Network Technology Co., Ltd., attended the meeting and delivered a speech.

At the meeting, the investor representative first gave a keynote speech. Tang Longhu, founding partner of Junshang Capital, Xu Fang, partner of Galaxy Venture Capital, and Li Zhijing, investment director of Fosun Group, respectively elaborated on their own investment concepts and priorities, shared past investment cases and successful experiences, and made unique analyses on the future development direction and trends of the industry, which received applause from the attending entrepreneurs and entrepreneurs.

Later, Zhan Jun, as the first enterprise representative, delivered a speech entitled "The Practice of Buying and Selling Treasure in the Internet of Electrical Industry".

He analyzed that there is currently a market of 700 billion yuan for wires and cables, and a trillion yuan market for the electrical industry. However, the traditional business model is still being adopted, where manufacturers supply to agents and then distributors sell to end customers, resulting in a situation of upstream dispersion and extreme downstream dispersion. This model has overcapacity, and manufacturers have a strong demand for destocking; Lack of end-user leverage, relying on agents; More than one million agents nationwide, with obvious profit exploitation; Asymmetric and opaque information results in high cost for customers to compare prices when searching for goods; Unplanned procurement is more frequent, with urgent delivery cycles; Sensitive to product prices; There are many problems such as the lack of industry credit system and the absence of endorsement from large platforms.

He stated that end users have an increasing demand for one-stop procurement of wires, cables, and electrical equipment. Based on these pain points, Buy Buy Bao has created an OTO service system that directly connects manufacturers and customers, reducing the intermediate levels of supply and sales. The platform centrally manages massive amounts of data, comprehensively connecting upstream and downstream supply and demand, reducing the operating costs of sellers while helping buyers reduce price comparison and procurement costs. Through exclusive stores throughout the country, delivery cycles are reduced.

At present, Buyingbao has more than 200 brand suppliers, including Far East Cable, Schneider, Delixi, ABB, Siemens, Bull, 3M and other well-known brands in their respective fields. In the first three quarters of 2017, the company achieved a revenue of 5.071 billion yuan and has become a trusted, well-known, and influential e-commerce trading platform for wire and cable, electrical and electrical products.

In the future, Buy Sell Bao will consolidate product and sales data on the platform through cloud ERP systems in over 200 Far East cable specialty stores across the country. Through big data analysis, guide offline specialty store sales, procurement, and inventory management. Through logistics construction, we aim to establish independent delivery, improve warehousing and distribution efficiency, further optimize and transform the industry supply chain, expand online product lines, and become a B2B e-commerce OTO service platform that provides "excellent prices, fast delivery, good quality, wide categories, and specialized services"!

Buyingbao is a professional e-commerce platform for wires, cables, and electrical products under Smart Energy (600869), established in 2011. With over 30 years of strong industrial foundation in smart energy, it has become an e-commerce platform mainly engaged in customized wire and cable, spot goods, hardware accessories, and electrical products trading. It serves upstream and downstream customers through supply and demand information matching, transaction matching, spot trading, and supply chain finance plus OTO, providing customers with a one-stop solution from procurement, sales, payment, logistics, quality inspection, and finance related services.

Dianhang Technology is a professional manufacturer of wires and cables, focusing on product quality and innovation. With a professional service team, we provide you with comprehensive solutions for wires and cables, including technical consultation, customized processing, and after-sales service.

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4、 Japanese automotive line models include AVline, AVS, CAVS, CAVUS, AVSS, HAV, STAVS, STAVSS, LTAVS, AVX, AVXS, AVSSX, HAVX, AEX, AEXS, and AEXSS;

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6、 Electric vehicle high-voltage line models: EV line, BEV, PHEV;

7、 Robot cables include robot body (arm) cables, robot servo encoder cables, composite robot cables, robot and various equipment drag chain cables;

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