EasyPnP to Establish Procurement Joint Venture with Fosun Group Subsidiary Onelinkplus

BEIJING, Nov. 29, 2017 /PRNewswire/ -- EasyPnP, China's leading non-core procurement platform, today announced that it has entered into an agreement to form a procurement joint venture (the "JV") with Onelinkplus, a subsidiary of the Fosun Group that provides credit, procurement, supply chain, financial, and other value-added services through an integrated online platform.

The Signing Ceremony
The Signing Ceremony

The JV will provide cost-effective enterprise procurement services, including printed materials, gifts, office supplies, office furniture, and packaging supplies, for portfolio companies within the Fosun Group. Leveraging the deep experience it has accumulated over the past six years, EasyPnP will roll out its Easy Cloud Procurement Platform (the "Platform"), which leverages cloud computing and big data technology, to provide value added services such as procurement management SaaS, supply chain management and a customized management-approval system. The Platform will allow companies within the Fosun Group to monitor, manage and streamline their procurement processes, reduce procurement and operating costs, improve the efficiency of their supply chain management, and quickly respond to consumer demand.

EasyPnP currently connects over ten thousand suppliers with hundreds of thousands of corporate clients. EasyPnP has extensive experience in facilitating non-core procurement for large companies across China with its suite of enterprise procurement software and supply chain management solutions. EasyPnP has developed a unique business model that seamlessly connects upstream manufacturers and printers with downstream customers through its proprietary online platform, which offers big data analysis and intelligent order distribution capabilities. This allows corporate clients to collectively pool orders and obtain lower prices, while suppliers are able to optimize production and increase their profits.

Ms. May Cheung, EasyPnP's Founder and CEO, commented, "Our cooperation with Fosun's Onelinkplus to jointly establish a procurement JV is our latest effort to provide enterprise procurement solutions and supply chain management. We look forward to further building out our technology platform, and working together with our partners to help promote the continued development of China's intelligent enterprise procurement market."

Mr. Can Wang, Fosun International's Executive Director, Senior Vice President and Chief Financial Officer, said, "This JV will leverage Onelinkplus' integrated platform and EasyPnP's professional capabilities to provide cost-effective enterprise procurement services across Fosun Group. We look forward to working together to provide high quality products and services to companies within the Fosun Group and helping them both reduce procurement costs, and increase management efficiency."

About EasyPnP

EasyPnP is a fast-growing enterprise-level service platform that has become China's leading enterprise non-core procurement platform. Founded in 2011, the company offers integrated online customization and procurement solutions, including products and services that cover commercial printing materials, customized packaging, gifts, and marketing materials. EasyPnP provides easy, efficient and transparent non-core procurement solutions for corporate clients, and has become the choice for many leading internet companies and Fortune 500 enterprises in China. Up to now, EasyPnP serves over hundreds of thousands of corporate clients and more than ten thousand manufacturers.

About Fosun

Founded in 1992, Fosun's total assets exceed RMB500 billion (c.US$75 billion). Fosun International Limited is a family focused multinational company that has been listed on the main board of the Hong Kong Stock Exchange (00656:HK) since 2007. With its roots in China, and through technology and innovation, Fosun's mission is to create customer-to-maker (C2M) ecosystems in health, happiness and wealth, providing high-quality products and services for families around the world.

About Onelinkplus

Onelinkplus, a subsidiary of the Fosun Group, provides solutions related to enterprise procurement and supply chain collaboration to companies in industries ranging from property and pharma, to tourism. Onelinkplus' complete supply chain ecosystem includes a trading platform, resource center and many other value-added services. The total annual trading volume conducted through Onelinkplus is currently approximately RMB30 billion.

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