Dianxiaomi strategically acquires Kuaxintong, accelerating its globalization process

It is learned that on February 20, the cross-border SaaS e-commerce service provider "Dianxiaomi" announced the acquisition of a majority stake in the one-stop compliance platform Kuaxintong, which covers areas including global VAT taxation, product compliance, intellectual property, and business registration. This strategic move marks the expansion of Dianxiaomi's global service footprint and the continued acceleration of its globalization process. It is reported that Kuaxintong has offices in Frankfurt, Germany, Besançon and Antibes, France, London, UK, Milan, Italy and many other countries and regions.

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Du Jianyin, founder and CEO of Dianxiaomi, said, "We are very pleased that Kuaxintong has joined the Dianxiaomi family. This is the second acquisition since June 30, 2021. The arrival of Kuaxintong will improve Dianxiaomi's existing diversified product ecosystem, including ERP, intelligent customer service system, global logistics query, European and American coupon community, cross-border shared warehousing, etc., and fill in the gaps in Dianxiaomi's compliance business, bringing more new possibilities for sellers. In the future, we will combine the core advantages of the two companies, continue to explore and innovate, and bring more excellent product solutions to meet the evolving business needs of sellers at different stages of development."

Kuaixintong has been deeply engaged in cross-border compliance business for many years and has excellent global capabilities and team strength. Since its establishment in 2017, it has been focusing on providing safe compliance registration and declaration services for cross-border sellers. So far, it has served more than 120,000 customers. As a leading global e-commerce IT service company, Dianxiaomi has been focusing on providing SaaS system services to global e-commerce sellers, solving the pain points of global e-commerce sellers and making global business more efficient . So far, Dianxiaomi has served more than 2 million e-commerce sellers worldwide .

Kuaixintong and Dianxiaomi both focus on solving the complex and challenging problems faced by sellers in the cross-border process, and are committed to providing simple, efficient and reliable intelligent solutions. Although cross-border SaaS products and compliance registration and declaration are two different business areas, they are both key drivers for the refined operation and management of cross-border sellers. The strong combination of the two will further promote the upgrading of cross-border market compliance and refined business models, help sellers achieve compliance and reduce risks in various business links, bring better quality and efficient products and services, and promote the prosperity and development of the entire industry.

Hu Xingrui, CEO of KuaXinTong, said, "We are very happy to have the opportunity to join DianXiaomi, a world-leading e-commerce IT company. The complementarity of corporate culture, values ​​and existing resources has brought us together. DianXiaomi's deep technical background and R&D strength will help us bring better products and experiences to our customers. We very much look forward to this acquisition bringing new development and breakthroughs to KuaXinTong. In the next journey, we will continue to explore and try new technologies and business models with DianXiaomi and open a new chapter together."