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in the morning of october 13th, fan bin, the director of jiejing seaweed fertilizer business, and xue ruliang, deputy general manager of huitong daludong branch, signed an agreement to reach a strategic cooperation in 2nd meeting room of jieingjing shandong road. the two parties have carried out in-depth cooperation on the combination of their respective advantages in raw material resources, application promotion, agricultural finance, network construction, and agricultural trade of seaweed ecological fertilizer.
huitongda is a leader in the digitalization of rural commerce. in recent years, it has achieved industry-wide cost optimization and service value-added, and promoted high-quality agricultural development through the construction of a fully digital agricultural asset industry chain. aiming at the pain points and problems of the agricultural asset industry chain, huitongda pioneered a flexible supply chain service platform for agricultural materials. based on huitongda's strong digital service capabilities, it helped transform township retail stores into smart retail terminals and helped larger rural businesses or distributors. transformed into a county-level platform service provider, helping upstream manufacturers to efficiently sink to the terminal market through the industrial internet. the agricultural material market has covered henan, anhui, jiangsu and other major planting provinces.
huitongda was established in 2010, which headquartered is in nanjing. since its core capabilities is all-round platform services, huitongda quickly gathers and integrates retail outlets in townships and towns, and transforms them into huitongda township member stores to form a network system serving rural consumers.
in august 2016, huitongda achieved the goal of “ten billions of towns”, with sales of nearly 17 billion rmb in the same year. huitongda has covered 14,600 townships and 71,000 member stores across the country up to the first half of 2017, with sales of 10 billion rmb. the annual sales in 2017 reached 23.5 billion rmb.alibaba group and five star holdings jointly announced that the two parties have reached a strategic cooperation on april 17, 2018. alibaba will invest 4.5 billion rmb in huitongda, a subsidiary of five star holdings. the sales scale exceeded 15 billion rmb in the first half of 2018, and the annual sales scale of huitongda exceeded 50 billion rmb in 2019.
the 2019 china top 100 private enterprises service industry was released on august 22, 2019, huitongda network co., ltd. ranked 82nd. hurun research institute released the "2019 hurun global unicorn list" on october 21, 2019, and ranked 84th.
through the strong alliance between huitongda and jiejing, the two parties will take the opportunity of the internetization of the agricultural asset industry to start the layout of the modern agricultural service field quickly. in the future, we will strive to create a new pattern of agricultural services that integrates agricultural materials management services, agricultural technology services, agricultural materials e-commerce services, agricultural materials financial services, and agricultural upstream services, serving modern digital agriculture.