震坤行拟赴美上市 知衣科技完成3轮融资|产业互联网周报

This article is a weekly roundup of key developments in the industrial internet sector, covering core updates in four categories: IPO activities, corporate partnerships, new platform launches, and investment and financing, compiling all major industry events of recent weeks.

1. On the IPO front: Zhenkun Industry (ZKH) has obtained the no-objection letter from the China Securities Regulatory Commission (CSRC) for its planned U.S. listing. Meanwhile, Chinese and U.S. regulators are working toward a mutually acceptable solution on China concept stock supervision, gradually clarifying the regulatory environment for China concept stock listings.

2. On industry adoption: Multiple companies across sectors have struck digital transformation cooperation deals, and five new industrial internet platforms launched officially within the week, covering footwear, forestry, B2B retail procurement, and building materials supply chains.

3. On investment and financing: Four technology firms closed new funding rounds within the week, raising a combined total of nearly $110 million, spanning AI-powered apparel supply chains, Douyin SaaS for the catering industry, 3D design collaboration SaaS, and digital human technology. Most of the raised capital will be allocated to R&D and team expansion.

This roundup of recent industrial internet developments offers multiple actionable insights for brand owners across channel expansion, technology upgrading and policy updates.

1. For channel development: Multiple new vertical B2B procurement and supply chain platforms have launched across building materials, footwear, forestry and retail sectors. Brands can onboard these new platforms to open up new channels for B2B sales and bulk procurement, and reduce their own supply chain costs.

2. For product development: Multiple innovative fields including AI-powered flexible apparel supply chains, 3D design collaboration and digital human technology have secured capital backing. Brands can partner with corresponding technology service providers to improve product R&D and supply chain management efficiency; for example, apparel brands can work with Zhiyi Technology to access intelligent style selection and supply chain services.

3. For policy updates: The building materials industry has launched a cultivation program for "specialized, sophisticated, unique and innovative" little giant enterprises, aiming to build a tiered cultivation framework by 2025. Brands in niche segments can apply for relevant support to access industry resources.

This compilation of recent industrial internet updates provides sellers with clear policy signals, new growth opportunities and business model references.

1. Policy perspective: The CSRC’s issuance of a no-objection letter for Zhenkun Industry’s planned U.S. listing confirms that Chinese and U.S. regulators are working toward a solution for China concept stock oversight, clarifying the compliance path for domestic enterprises seeking access to overseas capital markets and setting a clear policy direction for sellers planning to go public.

2. Opportunity perspective: Multiple new vertical B2B platforms have launched recently, including Xietou (Footwear Captain), Guangxi Timber Network and Qingdao Liqun B2B Procurement Platform. Sellers can onboard these new platforms early to capture first-mover traffic advantages and expand their customer base. Building materials sellers in the Shanxi-Hebei-Inner Mongolia region can also partner with Tiantian Kaigong’s regional operation center to access platform resources.

3. Model perspective: The "Internet SaaS + industrial belt supply chain" model has emerged as the leading innovative business model today. Sellers can leverage this framework to cut procurement and customer acquisition costs and improve operational efficiency.

This roundup of recent industrial internet developments provides Chinese manufacturing factories with digital transformation guidance and new business cooperation opportunities.

1. Digital transformation reference: Holitech has partnered with Qiquitong to build an integrated procurement collaboration platform that enables data sharing across the upstream and downstream supply chain, successfully cutting procurement costs and improving procurement compliance. Traditional manufacturing factories can learn from this model and adopt digital procurement tools to optimize supply chain management.

2. Business opportunities: Multiple newly launched industrial internet platforms are consolidating industry resources. Before its launch, Guangxi Timber Network had already secured cooperation intentions from more than 500 forest processing enterprises, with projected annual transaction volume of 10 billion yuan. Xietou is also building a fully digitized footwear industry chain. Factories in corresponding product categories can onboard these platforms to expand sales channels and connect with demand more accurately.

3. Upgrade insights: New technologies such as AI and 3D design have already been adopted in industrial production, and growing amounts of capital are flowing into industrial digitalization. Factories can partner with relevant technology service providers to improve production and design efficiency, and better adapt to changing market demand.

This compilation of recent industry developments points out industry development directions, customer needs and track opportunities for all types of industrial internet service providers.

1. From the perspective of industry development trends: Traditional vertical industries have strong demand for digital transformation, and multiple sectors are building vertical B2B platforms and supply chain collaboration platforms covering building materials, forestry, footwear, retail and other fields. B2B service providers still have ample room for market expansion.

2. From the perspective of core customer pain points: Traditional enterprises generally face problems such as low supply chain collaboration efficiency, high procurement costs, and poor cross-role R&D collaboration. Targeted solutions such as integrated procurement collaboration and cloud-based design collaboration are widely popular. For example, the solution Qiquitong built for Holitech solved the management pain points of group-level procurement.

3. From the perspective of capital trends: AI supply chains, vertical SaaS, 3D design collaboration and digital human technology are all favored by investors. Service providers focused on niche demands in vertical sectors are more likely to secure capital backing, and the newly funded companies in this roundup provide valuable development references for the industry.

This article compiles updates on newly launched platforms and leading platforms’ capital activities, providing operational and development insights for industrial internet platform operators.

1. From the perspective of market demand: Traditional vertical industries have strong demand for professional industrial internet platforms, and platforms focused on niche product categories are more likely to capture market share quickly. For example, as China’s first bulk commodity trading platform for the forestry industry, Guangxi Timber Network had already secured cooperation intentions from over 500 enterprises and accumulated transaction intentions for 10 million cubic meters of timber before its official launch.

2. From the perspective of operation and expansion reference: "SaaS technology + industrial belt supply chain" is a proven core model that effectively optimizes industrial ecosystems and connects upstream and downstream data. At the same time, partnering with local enterprises to establish regional operation centers allows for fast expansion into regional markets, and the model of Tiantian Kaigong partnering with Guolong Group to build a Shanxi-Hebei-Inner Mongolia operation center is well worth learning from.

3. From the perspective of capital access: Zhenkun Industry’s receipt of the CSRC’s no-objection letter for its U.S. IPO confirms that the capital market access channel remains open for compliant industrial internet platforms. Platforms must maintain compliance with regulatory requirements throughout their growth to successfully access capital and fuel expansion.

This article compiles the latest weekly developments in the industrial internet sector, providing abundant up-to-date research materials across multiple dimensions for industrial internet researchers.

1. On new industry trends: The industrial internet sector today shows a clear trend of vertical, niche market expansion. Native industrial internet platforms have emerged in multiple traditional industries covering building materials, forestry, footwear and retail procurement, while technology-enabled supply chains have become the mainstream direction. Next-generation technologies including AI, 3D collaboration and digital humans are increasingly being integrated deeply with physical industries.

2. On policy research: The CSRC’s no-objection letter for U.S.-bound IPOs, the resumption of communication between Chinese and U.S. regulators on China concept stock issues, and the official launch of the "little giant" cultivation program in the building materials sector all provide new case studies for industrial policy research.

3. On business model research: New business models including "Internet SaaS + industrial belt supply chain", "deep regional penetration via regional operation centers", and "integrated supply chain collaboration" have launched one after another, and multiple companies in these tracks have secured financing, confirming that these models have already gained market validation and are worthy of in-depth research.