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Ule operates as a prominent Chinese e-commerce platform, specializing in online-to-offline (O2O) retail. The company's core offering connects consumers with goods, specifically leveraging a unique model tailored to serve less-urbanized regions. This approach integrates digital commerce with physical community points, effectively bridging the gap between online purchasing capabilities and local distribution, primarily within rural locales.
The enterprise originated in 2009 as a strategic joint venture between TOM Group, a leading internet company, and China Post, the state-owned postal service. This collaboration was born from the insight into the untapped potential of e-commerce adoption in China's vast rural areas, recognizing the extensive logistical network of China Post as a crucial asset for last-mile delivery and localized service points.
Ule primarily serves the expansive population residing in rural China, providing them access to a diverse range of products often unavailable locally. The company's vision centers on transforming traditional village stores and postal outlets into critical hubs for digital commerce, thereby extending the reach of modern retail to underserved communities and empowering local economies through an integrated national retail network.
Ule has 1 tracked investment across 1 company. The latest tracked deal is $7.0M Series A in Rubikloud in January 2015.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 19, 2015 | Rubikloud | $7.0M Series A | Horizon Ventures | Access Industries, KEN Yeung |