EasyPnP establishes JV with Onelink to provide procurement services

Chinese procurement platform EasyPnP is to form a procurement joint venture (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.

In a release, it said 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.

EasyPnP will roll out its Easy Cloud Procurement Platform, which forces cloud computing and big data technology, to provide value added services such as procurement management SaaS, supply chain management and a customised 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.

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EasyPnP currently connects over ten thousand suppliers with hundreds of thousands of corporate clients.

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.”