IBI to Announce Lottery Results on the 22nd, Set to List on the SSE

On July 19, IBI announced that the company and its sponsor West China Securities (lead underwriter) conducted the lottery draw for its IPO online subscriptions on the morning of July 19. The online lottery results will be released on July 22, after which the company will list on the Shanghai Stock Exchange.

IBI is a leading B2B e-commerce and industrial internet platform. Based on industrial e-commerce and powered by internet data, it provides online trading of industrial goods and raw materials, business information services, and internet technology services for related industries. From 2015 to 2018, the company delivered rapid growth, with revenue and net profit CAGRs of 162.64% and 107.95%, respectively. In Q1 2019, revenue rose 89.82% year-on-year, and adjusted net profit attributable to the parent increased 98.64%.

IBI’s main business segments include the B2B information service platform IBI Resource Network; vertical B2B e-commerce platforms Toodudu (TDD), Wdoodoo (WDD), and Boododo (BDD); and “Internet+” technology solution providers IBI All-Net, Shupin Tianxia, and Xiaozi Niao—all of which reinforce one another through strong value synergies.

Leveraging more than a decade of B2B service experience, industry resources, member base, and technical capabilities—especially deep cultivation in coatings & chemicals, glass, hygiene products, industrial robotics, new energy vehicles, environmental engineering, and new materials—the IBI Resource Network has become the foundation and incubator for the company’s vertical marketplaces. Starting with TDD and extending to WDD and BDD, each advantaged sector can be efficiently incubated into an independent vertical e-commerce platform, backed by industry know-how, customer resources, and operating teams—offering broad growth prospects.

IBI stated that it will intensify its industrial internet strategy: taking vertical B2B e-commerce platforms as the core, with the B2B information platform and “Internet+” technology capabilities as dual wings, and a nationwide sales system as the backbone to further accelerate core-business growth. In parallel, by upgrading e-commerce platforms, developing SaaS systems, and building an industrial internet R&D center, the company will strengthen its technology engine, further integrate with, transform, and upgrade traditional manufacturing, drive cost reduction and efficiency gains, and support high-quality development and efficiency transformation—thereby building a best-in-class industrial internet platform enterprise.