Founder

Wu Tangxiang, founder and CEO of Duocai Shijia . He worked for Beijing Oriental Yuhong, starting as a grassroots salesman and working his way up to a senior executive of a listed company. He has been engaged in the paint industry for nearly 10 years and has rich practical experience. He then founded Duocai Shijia in Beijing in July 2013 .

Franchise conditions

1. Have all legal business procedures.

2. Recognize the Duocaishijia brand and corporate culture, recognize Duocaishijia's business philosophy and management model, and obey the unified management of the headquarters.

3. The operator must have sufficient financial strength for initial store rental, decoration and the first batch of purchases in the later stage.

4. Having a legal business location that is located in a prosperous business district is conducive to increasing customer resources.

5. Be able to actively cooperate with the company headquarters in interactive training and standardized management.

6. Have the awareness of providing quality services to customers and consciously maintain the brand reputation of Duocai Decoration.

7. Able to devote wholeheartedly to the operation and have certain market acumen and marketing experience.

Financing

In October 2014 , it received millions of RMB in angel round financing from New Hope Venture Capital.

In February 2015 , Duocai Shijia received a RMB 10 million Pre-A round investment from Tongdu Venture Capital.

In July 2015 , it received Series A financing from Guangji Venture Capital .

In August 2016 , Duocai Shijia, a home service e-commerce platform, received a B+ round of financing worth hundreds of millions of yuan, led by Maixing Investment, followed by Sinovation Ventures, Glodon, and Qifu Capital. After this round of financing, Duocai Shijia will invest more in the construction of community stores and brand promotion.

In June 2017 , it received undisclosed strategic financing from Inno Angel Fund.

References