Guangxi Today Convenience Store Gets Sequoia Capital 55 Million Yuan Investment

Guangxi famous retail brand Today convenience store holds the "Today development and wealth sharing conference" in Nanning.

According to Song Yingchun, head of Today convenience store, they have been injected with 55 million yuan of Sequoia Capital.

Today will use these funds to upgrade the hardware and software conditions of the Nanning market while opening up the Wuhan market.

The Today convenience store entrepreneurial team, which is under the guidance of the 85 new venture Song Ying Chun and the average age of less than 24 years old, has constantly updated the traditional convenience store industry standard and changed the industry marketing mode. At present, there are more than 40 outlets in Nanning.

The whole brand is valued at 275 million yuan by Sequoia Capital.

In July 1st this year, Today convenience store went out of Guangxi and opened up the Wuhan market. Currently, the number of stores in Wuhan has reached 7.

At the day's sharing session, Song Yingchun continued to subvert his thinking, and he suggested to suppliers that if they could offer more concessions on the supply price, they would be willing to arrive in time.

Or advance payment.

Compared with the current 3 month period, this measure can quickly revitalize the cash flow of suppliers, so it is warmly welcomed.

"In this way, everyone's

It will become more fluid and more cooperative. "

Song Yingchun said that this will bring greater vitality to the retail convenience industry.

It was founded in Silicon Valley in 1972.

In China, the Sequoia Capital China team currently manages about 2 billion US dollars of overseas funds and nearly 4 billion yuan of domestic funds for investment in China's high growth enterprises.

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In recent years, Ren Yue recently said that at present, the company has set up a community supermarket Department separately, and has pformed the small store of the former department store into a new community supermarket. At present, there are 6 supermarkets in the company community.

Shi Yong, vice president and Secretary of the board of directors of the company, said that the location of the community supermarket will be considered more in the future location of the new store, and the community supermarket will be one of the main formats of the company's future development.

As for the business side, Shi Yong said that the company has clearly put forward three core competes in strategy: first, rebuild the strong business ability of fresh commodities.

Through centralized purchasing, centralized processing and centralized distribution, the company will play an important competitive advantage in the operation of fresh commodities. Every store will regard the vegetable market as the main competitor of fresh commodity business.

The second is to establish strong commodity distribution capabilities.

The company has built four large logistics centers in the four major regional central cities of Guangzhou, North China's Tianjin, southwest Chengdu and Xi'an in the northwest of Southern China. Logistics distribution system construction is the key link and core of the continuous development of the chain retail industry. Many new businesses of the company's future pformation depend on fast logistics support.

There are also O2O models that match online and offline and have their own unique modes.

Great wisdom news agency has learned that people's happiness mainly develops B2C and O2O's two modes of e-business.

Among them, the B2C mode mainly refers to "everyone's Tesco" online shopping level, concentrated in Shenzhen and Xi'an regional operation.

The O2O mode refers to the "online entertainment" of the company currently setting up electronic shelves in some stores in Shenzhen.