Aucfan Network Technology Co., Ltd. announced that it expects to receive CNY 1.5 million in funding from Aucfan Co., Ltd.
November 13, 2023
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Aucfan (Hainan) Network Technology Co., Ltd. announced that it will receive CNY 1.50 million in a round of funding on November 14, 2023. The transaction will include participation from returning investor, Aucfan Co., Ltd. increasing its stake from 75% to 81%. The transaction has been approved by the board of directors of Aucfan Co., Ltd. The expected date of payment is in late November 2023.
Post closing of the transaction, the company's paid-in capital will increase from CNY 4 million to CNY 5.50 million.
Aucfan Co.,Ltd. is a Japan-based company mainly engaged in the media business, marketplace business and solution business. The Company operates through four segments. The Media segment is involved in the operation of aucfan.com which is a shopping comparison and search site and education and individual support service named Oakfan School. The Marketplace segment is involved in the handle of stock disposal and sale of channel expansion support for corporations, as well as the operation of NetPrice which is business-to-consumer (BtoC) marketplace. The Solution segment is involved in the provision of service for corporate companies to improve business efficiency and expand business performance. The Incubation segment is involved in the investment of related businesses, as well as the provision of consulting services for these businesses.