Three Squirrels Co., Ltd. was established in 2012. The company is headquartered in Wuhu, located in Anhui Province. It is the first company in China to position itself as a purely Internet food brand, and it is currently the largest food e-commerce company in China.
As soon as the "Three Squirrels" brand was launched, it was immediately favored by venture capital institutions. It successively received US$1.5 million in Series A angel investment from IDG and US$6 million in Series B investment from Capital Today.
In 2015, Three Squirrels received an investment of 300 million yuan from FREES FUNDD.
On April 21, 2017, the company disclosed its IPO prospectus for the first time and planned to list on the GEM of the Shenzhen Stock Exchange.
In March 2017, Three Squirrels submitted an IPO review to the China Securities Regulatory Commission. However, in October 2017, the China Securities Regulatory Commission website showed that the review status of Three Squirrels' IPO had changed to "suspended review." The suspension at that time was Three Squirrels' initiative.
proposed, and the reason given was "the signing attorney resigned."
On December 12, 2017, the China Securities Regulatory Commission issued an announcement and decided to cancel the review of the company’s issuance application files at the 72nd meeting of the 17th Issuance Review Committee.
On June 25, 2018, the China Securities Regulatory Commission website showed that Three Squirrels was entering the IPO queue stage, and its review status was shown as "Pre-Disclosure Update".
Basic introduction Company name: Three Squirrels Foreign name: Three Squirrels Headquarters location: Wuhu, Anhui Date of establishment: February 2012? Business scope: Nuts, dried fruits, tea, etc. Company type: E-commerce company Company slogan: Provide the most cost-effective to the owner
Annual turnover of safe products: 5.5 billion yuan (2016)? Number of employees: more than 3,000 Financing status: 70 million US dollars Founder: Zhang Liaoyuan Sales model: B2C Average age of employees: 24 years old Development history, sales model, enterprise
Team, corporate mission, development vision, brand story, sense of strategic planning, core ideas, corporate values, development history, Double Eleven record, Double Twelve record, awards, core competitiveness, main products, nut series, dried fruit series, scented tea
Series, corporate events, development history Three Squirrels was established in 2012, and has completed two rounds of financing totaling US$7.5 million. Specifically: it received US$1.5 million in Series A investment from IDG Capital in March 2012, and today in May 2013.
Capital of USD 6 million in Series B investment.
In 2014, Anhui Three Squirrels E-Commerce Co., Ltd. once again received the third round of angel investment of US$16.27 million (equivalent to RMB 120 million) from two overseas funds, Today Capital and IDG Capital, for the construction of the Three Squirrels smart integrated food park project.
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On September 16, 2015, Three Squirrels founder Zhang Liaoyuan announced in Wuhu, Anhui that Three Squirrels had received the fourth round of financing, with a total amount of 300 million yuan and a valuation of 4 billion yuan.
On April 22, 2017, snack food e-commerce company "Three Squirrels" officially submitted its listing prospectus and plans to list on the GEM.
On August 15, 2017, the Food and Drug Administration’s notice on the unqualified conditions of three batches of food (2017 No. 135) pointed out that the products sold by Tmall Supermarket on Tmall (website) mall were labeled as produced by Three Squirrels Co., Ltd.
In pistachios, the mold detection value is 70CFU/g, which is 1.8 times higher than the national standard (not exceeding 25CFU/g).
The inspection agency is Shanghai Food and Drug Inspection Institute.
On December 12, 2017, the China Securities Regulatory Commission issued an announcement stating that in view of the fact that Three Squirrels Co., Ltd. still has relevant matters that require further verification, it decided to cancel the 72nd meeting of the 17th Issuance Review Committee and the issuance application files of the company.
review.
According to previous arrangements by the China Securities Regulatory Commission, Three Squirrels’ IPO application will be reviewed on December 13.
On May 10, 2019, the official website of the China Securities Regulatory Commission showed that Three Squirrels Co., Ltd., an "Internet casual snack celebrity", will make its debut on May 16.
Sales model "Three Squirrels" mainly relies on Internet technology and uses B2C platforms to implement online sales.
With this sales model, "Three Squirrels" quickly created a new food retail model featuring fast and fresh food products.
This unique business model shortens the distance between merchants and customers, ensuring that customers can enjoy fresh and perfect food.
It pioneered the use of the Internet for online sales of Chinese food.
With its unique sales model, it ranked first in the Taobao and Tmall nut industry in terms of sales on Double Eleven in 2012, with daily sales of nearly 8 million.
Its rapid development has created a miracle in the history of Chinese e-commerce.
Sales of Three Squirrels exceeded 300 million in 2013.
Corporate Team "Three Squirrels" is an Internet food brand founded by its founder and CEO @squirreldaddy_Zhang Sanfeng (Zhang Liaoyuan) and a group of entrepreneurial teams composed of its winter noodles from all over the country.
During his tenure as a professional manager, Mr. Zhang Liaoyuan built Anhui's most famous agricultural product brand in 10 years and a well-known online nut brand in one year.