The merger combines IoT technological innovation with program providers to empower the highway freight transportation sector

BEIJING, June 10, 2022 /PRNewswire/ — G7 Join Inc. (“G7”), a fleet management firm backed by Tencent Holdings Ltd., and E6 Technological innovation (“E6”), introduced the merger of the two businesses. The merger took spot in the to start with quarter of 2022, with the original phase of their business enterprise integration obtaining been completed. G7 co-founder and CEO Zhai Xuehun has been appointed as chairman and CEO of the merged group (hereafter referred to as the “Team”), even though E6 chairman and CEO Zhang Jingtao will provide as vice chairman and G7 CFO Zhang Jielong as CFO.

The merger will make the greatest and most influential software package company company in the market, with enterprises spanning vital vertical marketplaces covering the two manufacturing and buyer logistics. The Group’s clients include things like important gamers in the trillion-yuan highway freight transportation marketplace. With its products portfolio serving as a one particular-prevent electronic services that integrates subscriptions and transactions, the merged entity consolidates the two prior firms’ advantages in technology, creating it the only engineering corporation in the sector to present a in depth assortment of World wide web of Things (IoT) computer software as a services (SaaS) providers.

The Group is well positioned to present shoppers with additional price-competitive, quality providers by optimizing its offer chain and provider networks and cutting down procurement and running charges. It also ideas to proceed investing in technological know-how and R&D in a go to supply buyers with precious data-pushed products and solutions, with the intention of facilitating an marketplace-vast upgrade to a related supply chain supported by facts intelligence.

G7 and E6 have been amongst the several fleet administration corporations that ended up capable of delivering IoT SaaS answers due to considerable investments in IoT, details, algorithms and computer software technologies along with continued strengthening of their respective advantages in technology as a way to establish obstacles to competitors. The two companies had also explored and carried out differentiated techniques based on their respective core competencies. Notably, G7 had recognized a leadership function in the location of IoT technological know-how empowered software membership, and overall potential and transactions on transpiration, strength, insurance coverage and devices, while E6 experienced been focused to supplying program membership expert services to big cargo owners and logistics suppliers, getting a chief in just the area of purchaser logistics, which include quickly-relocating buyer products (FMCG), retail, foodstuff, and cold chain logistics.

“Even though the electronic transformation journey of the sector has just started, freight cooperators are seeking ahead to altering how they run and accomplishing business enterprise accomplishment by means of the application of electronic remedies,” mentioned the chairman and CEO, Mr. Zhai. “The mix of G7 and E6 allows us to make investments a lot more firmly in engineering and to even more generate benefit for our clients by way of information-pushed merchandise.”

“Prior to the merger, both corporations thought in the significance of encouraging clients do well and bringing improvements to the sector by advantage of IoT SaaS solutions though write-up-merger, the shared belief has grow to be our widespread ambition,” said the vice chairman, Mr. Zhang. “We strategy to proceed supplying quality products and solutions and companies with the target of constructing an fantastic SaaS business with an ongoing dedication to making benefit for prospects.”

G7, a primary company of IoT SaaS services for the highway freight transportation sector, served a large array of compact, medium and substantial freight manager with IoT-primarily based computer software subscriptions and transaction services. The business, by continuing innovations in know-how and expanding its portfolio, experienced been foremost the sector in terms of program subscriptions as effectively as transaction solutions for transportation capacity, electrical power, coverage and products. E6, a pioneer in IoT SaaS providers for the sector, had been focused to supplying shoppers with IoT-based mostly computer software subscription companies with a concentrate on substantial cargo entrepreneurs and logistics organizations. With a ongoing commitment to tightly-operate functions and excellent expert services, the enterprise has acquired a standing as the dark horse in the FMCG, retail, food and cold chain segments.

As two leaders in the IoT technologies and software expert services area, equally G7 and E6 had been focusing on providing IoT systems and program to massive cargo house owners and logistics suppliers as nicely as to tens of thousands of freight administrators. Prior to the merger, the two corporations collectively served around 80% of China’s substantial cargo entrepreneurs and logistics providers in addition to assisting practically 30,000 tiny and medium-sized freight managers in enhancing efficiency and escalating earnings.

The merger gained solid assistance from equally firms’ shareholders. AnJie Legislation Organization, Llinks Legislation Offices, World-wide Law Place of work, Simpson Thacher & Bartlett, Deloitte, KPMG and Boston Consulting Team offered qualified expert services for both of those the transaction and integration initiatives. Adhering to the completion of the merger, World Logistic Properties’ private fairness arm Concealed Hill Cash, Tencent, Cainiao Intelligent Logistics Community and other traders have each and every appointed reps to the Group’s board of directors in tandem with carrying out unique jobs with an eye to even further deepening their organization collaboration.

¹ Freight supervisor refer to enterprises that manage the procedure and investing routines of street freight, together with huge, medium and compact cargo entrepreneurs, logistics organizations, self-owned fleets, outsourced fleets, commerce trading providers , manufacturing enterprises, and so on. According to a BCG exploration report, about 700,000 freight supervisors have about 85% of China’s street freight volume and are important gamers in the road freight market place.

For more data, be sure to check out G7.

Media Get in touch with:
Peipei Lin, [email protected]
Shuai Zhang, [email protected]

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