Frank John Sixt, the chairman of Tom, said in a Hong Kong regulatory filing that there was growing opportunity for Shanghai-based Ule, the company's e … TOM Group Limited has had 1 exit, which was Rubikloud. WeLab’s investors include CK Hutchison’s TOM group, Khazanah Nasional Berhad, ING, Silicon Valley-based venture capital fund Sequoia Capital, TOM Group’s Ule.com and Guangdong Technology Financial Group. Ule (Chinese: 邮乐网; pinyin: yóulèwǎng; lit. Headquartered in Hong Kong, the Group has regional headquarters in Beijing, Shanghai and Taipei with about 2,600 employees in about 20 cities. Ule, the Group’s joint operation with China Post, has laid a solid foundation with an established New Retail infrastructure and ecosystem in rural China during the past years. About Ule . Hauppauge, NY / Hackensack, NJ. A joint operation between TOM Group and China Post which provides e-commerce/new retail services and develops associated B2B business in rural areas of Mainland China. TOM Group Limited has acquired TOM … China's postal service is expanding into e-commerce by launching a new online shopping website on Tuesday with domestic media company TOM Group. Total borrowings of TOM Group amounted to approximately HK$2,468 million as at 30 June 2014. A joint operation between TOM Group and China Post which provides e-commerce/new retail services and develops associated B2B business in rural areas of Mainland China. About Khazanah Nasional Berhad Copyright © 2021 TOM Group Limited. Going forward, TOM Group will continue to streamline its cost with prudent financial and operating discipline and focus on the continuing growth of Ule in the second half of 2016. The company's ule.com platform is an e-commerce website in China that focuses on the sale of various home goods, personal care, and electronic goods. TOM Group Ltd is a Chinese media conglomerate with operations in publishing, outdoor media, e-commerce, and mobile internet properties. As at 30 June 2020, Ule Raised $20M from Yuri Milner, ICONIQ Capital, Ule, Sequoia and Tom Group in Series A round of funding and raised $160M in Series B round of funding from ING, Khazanah Nasional Berhad and Guangdong Technology Financial Group (GTFG) $180M TOM Group, Iconiq Capital, ING, Ule, Sequoia Capital, Khazanah, Guangdong Technology Venture Capital 76. The increase was mainly attributable to the share of result of Ule and the increased net finance costs. Jacques-Antoine Granjon, Horizons Ventures, Access Industries, Intel Capital, iNovia Capital, TOM Group Limited, Ule, The OpenText Enterprise Apps Fund. Ule applies e-commerce and big-data technologies to empower and connect small retail stores in rural China. Ule, the Group’s E-Commerce joint venture with China Post, saw accelerating growth of its B2B business in key provinces such as Hunan, Jiangsu, Zhejiang, Henan, etc. Their most recent investment was on Jan 19, 2015, when Rubikloud raised $7M. TOM Group owns 4.15% in Rubikloud as at 31 December 2018 on an issued basis. Its business covers four media sectors, Internet (TOM Online), Outdoor (TOM Outdoor Media Group), Publishing, and Television and Entertainment. Li's internet and media company, TOM Group, embarked on a huge joint venture in 2010 with state-owned China Post, which has a million workers, to … Other investors included Inovia Capital, First Ascent Ventures (The OpenText Enterprise Apps Fund), MaRS Investment Accelerator Fund, Access Industries, TOM Group, Ule. The company closed its seed round led by Horizons Ventures, a private investment arm of Li Ka-Shing. 'Happy Post Web') is a Chinese e-commerce platform. Ule, an-ecommerce platform jointly established by state-backed China Post and TOM Group in 2010, reportedly secured $110 million of financing from unnamed investors at a valuation of $830 million (via Sina Tech).. After the investment, China Post’s stake in the joint venture reduced from 51% to 44.24%, but it is still the largest shareholder of Ule. Rubikloud Technologies raised US $7 million in 2015 in an oversubscribed Series A led by TOM Group (HKSE: 2383) and Ule with participation from Access Industries and other private investors. I would like to take this opportunity to thank the management and all the staff of TOM Group for their hard work and dedication. Ule, the Group’s E-Commerce joint operation with China Post, continued development of rural New Retail and associated B2B business with focus on supply chain innovation during the review ... TOM Group invested in WeLab, a leading Asian fintech company, in 2014. 'Happy Post Web') is a Chinese e-commerce platform. Ule Group and China Post jointly promote and developthe Ule -ecommerce business, and as the business model of Ule Group , Ule becomes more maturedcommenced its path to monetisation. A joint venture of TOM Group and China Post, Ule focuses on online-to-offline shopping in rural areas of China. Rubikloud's latest funding round in January 2018 was reported to be $37 m. In total, Rubikloud has raised $45.5 m. Rubikloud Capital Raised. These included long-term bank loans of approximately HK$2,289 million and short-term bank loans of approximately HK$179 million. Visit www.welab.co for more information. The website, Ule… [2], As of 2017, the platform had 250,000 stores on it. TOM Group Limited has made 3 investments. Ule is transforming the traditional layered wholesale ecosystem of fast-moving consumer goods via retail big-data analysis and it provides various services including internet financing, concierge service for durable goods, as well as facilitates the sales of agricultural products to the urban cities. TOM Group Limited (SEHK: 2383) is a Chinese-language media company in the Greater China region, with business interests across markets in Mainland China, Taiwan and Hong Kong. The established TOM Group will launch its online finance and loan products this year as revealed in a filing with the Hong Kong stock exchange. Toronto-based Rubikloud announced today that it has secured a $7 million Series A funding round, led by TOM Group and Ule. Ule, the Beijing-based venture founded by China Post and Tom in August 2010, has gained four new investors and put the e-commerce platform's valuation at US$830 million. ULE Group January 2000 – Present 19 years 11 months. Salesforce. TOM Group Limited is registered under the ticker HKG:2383 . At the end of 2014, more than 40,000 merchants in 21 provinces in mainland China were doing business through Ule … Contact Us | Sitemap | Copyright | Privacy policy | Disclaimer. Tapi usaha belanja baru antara China Post dan TOM Group akan memiliki kelebihan dibandingkan pesaing, kata Chen Shousong, seorang analis dari Analysys International. TOM Group General Information Description. Founded by CEO Kerry Liu, Rubikloud has raised over US $45 million in venture capital funding. Employee costs, excluding Directors' emoluments, amounting to HK$348 million for the year. applies e-commerce and big-data technologies to empower and connect small retail stores in rural China. A joint venture of TOM Group and China Post, Ule focuses on online-to-offline shopping in rural areas of China. The Li Ka-shing controlled Tom Group runs an e-commerce joint venture on the mainland called Ule with China Post. Ule.com (邮乐网) is a joint venture established by China Post and Hong Kong TOM Conglomerate, and it is an e-commerce platform mainly focusing on the online-to-offline model. In 2017, the Malaysia External Trade Development Corp partnered with Ule to sell Malaysian products through the platform. Ule applies e-commerce and big-data technologies to empower and connect small retail stores in rural China. TOM Group owns 4.33% in Rubikloud as at 30 June 2018. Ule (Chinese: 邮乐网; pinyin: yóulèwǎng; lit. For store owners, Ule provides them with a wide selection of good quality authentic products at a lower price. The website, Ule… Frank John Sixt Chairman Kinaxis to acquire Rubikloud Technologies for US $60M from Kerry Liu, investors Horizons Ventures, Intel Capital, Inovia Capital, First Ascent Venture, MaRS IAF, Access Industries, TOM Group, Ule. All rights reserved. Skills & Endorsements Join LinkedIn to see Mark’s skills, endorsements, and full profile. As at 31 December 2019, TOM Group had approximately 1,400 full-time employees (excluding approximately 600 full-time employees of Ule, an associated company of TOM). ... Salesforce and Google Cloud. Media conglomerate TOM Group is moving into the online finance space. The gearing ratio (Debts/(Debts + Equity)) of TOM Group was 79% as at 30 June 2014, same level as 31 December 2013. China's postal service is expanding into e-commerce by launching a new online shopping website on Tuesday with domestic media company TOM Group. Ule akan mendapat manfaat dari jangkauan luas China Post ke kota-kota yang lebih kecil dan daerah tertinggal, di mana pesaing lain memiliki lebih sedikit pemaparan, kata Chen. Ule is transforming the traditional layered wholesale ecosystem of fast-moving consumer goods via retail big-data analysis and it provides various services including internet financing, concierge service for durable goods, as well as facilitates the sales of agricultural products to the urban cities. For consumers, Ule offers abundance of good quality and reasonably priced products. A joint venture of TOM Group and China Post, Ule focuses on online-to-offline shopping in rural areas of China. Ule (www.ule.com) is China’s ‘local’ e-commerce platform jointly launched by TOM Group and China Post in 2010. For brand suppliers, Ule helps them reduce multi-layer distribution with better channel and inventory management. Photos: Felix Wong, Reuters The oversubscribed round brings the retail intelligence platform’s total funding amount to $8.5 million, $1 million of which was raised through a 2013 seed round led by Horizons Ventures. Its principal investors included Li Ka-Shing’s Horizons Ventures and Intel Capital. [3], "Matrade to partner China Post to launch online platform on ule.com", "How an army of postmen is turning China's rural stores into the world's largest retail network", https://en.wikipedia.org/w/index.php?title=Ule_(company)&oldid=962849990, Articles containing simplified Chinese-language text, Creative Commons Attribution-ShareAlike License, This page was last edited on 16 June 2020, at 10:23.