Sep 14,2022
How to Build a Better 3PL
On June 27, 2023, eTower's parent company - WallTech Co. Ltd attended the Shanghai Hongkou District City-level "Specialized, Fine, Unique, and New" enterprise award ceremony, as well as the unveiling of the "Hongkou District Specialized, Fine, Unique, and New Enterprise Cultivation Base" as a representative from Shanghai.
WallTech Group CEO, Guo Shunri, giving speech at the ceremony
At the ceremony, Guo Shunri, acting as the representative of the city-level award-winning enterprises in the Hongkou District, gave speech and expressed his heartfelt gratitude to various departments of the district and city government for their support and empowerment on behalf of thousands of international freight forwarders and cross-border e-commerce logistics integrators on the platform.
Guo introduced that WallTech, founded in 2011, had a simple dream to reduce software barriers to entry for international logistics service businesses. The company has been dedicated to the implementation of SaaS (cloud service) technology in the international logistics industry.
Through its international logistics software cloud services - CargoWare and eTower, WallTech has attracted many medium to large-sized, excellent international freight forwarding enterprises, and the end-to-end operational services of cross-border e-commerce businesses of five national-level postal services.
WallTech has played an important role and influence in the field of logistics digitization for China's supply chains as the world's factory. For this reason, the China International Freight Forwarders Association (CIFA), a subsidiary of the China Ministry of Commerce, officially appointed WallTech as the head of the CIFA Digital Work Committee on April 26th 2023.
In conjunction with four deputy director units, jointly promote standard construction, platform building, bench-marking, and fully promote the digital transformation and upgrading of the international logistics industry, enhancing digital productivity and building new advantages in the international supply chain digital economy.
Guo concluded that this honor also bears the mission and responsibility of jointly driving industry progress as a benchmark in the field, and expressed hopes that, in the near future, WallTech can implement the innovative cross-border logistics service demonstration area built based on cloud computing and international logistics big data, accelerating the realization of the corporate vision of "Reconstructing International Logistics Software Cloud Services."
Shanghai prioritizes "Specialized, Fine, Unique, and New" SMEs as key cultivation enterprises, offering suitable and effective services in areas such as talent team building, technological innovation, market development, brand cultivation, management improvement, and financing services.
Issued by China's Ministry of Industry and Information Technology in June 2022, enterprises must meet the following standards to be identified as the "Specialized, Fine, Unique, and New" SMEs:
1. Have been engaged in a specific segmented market for more than 2 years.
2. The total R&D expenditure in the previous year was no less than 1 million RMB, and it accounted for no less than 3% of the total business revenue.
3. The total business revenue in the previous year was over 10 million yuan, or the total business revenue in the previous year was less than 10 million yuan, but the total amount of new equity financing in the recent 2 years (paid by qualified institutional investors) reached 20 million yuan or more.
4. Have received provincial-level scientific and technological rewards in the past three years, ranking in the top three among the award-winning units; or have received national-level scientific and technological rewards, ranking in the top five among the award-winning units.
5. The total amount of new equity financing (the paid-in amount by qualified institutional investors) in the past two years was over 60 million yuan.
6. Entered the list of top 500 enterprises in the "Maker China" SME Innovation and Entrepreneurship Competition in the past three years.
WallTech (Shanghai WallTech Information Technology Co., Ltd.), founded in 2011, is a leading research and operation service provider for cross-border logistics SaaS cloud service platforms in the industry.
After nearly 12 years of steady development, WallTech has built a cloud service product matrix based on the international freight forwarding logistics cloud service CargoWare, and the cross-border e-commerce logistics collaborative cloud service eTower.
We integrate advanced technology and rich experience in the cross-border logistics industry, empowering the digital transformation and upgrading of traditional Chinese international logistics enterprises, effectively improving business operational efficiency, and reducing enterprise operating costs to the greatest extent.
