Singapore, 18 May 2023 – Y3 Technologies (“Y3”), an award-winning technology arm of YCH Group, Asia's leading integrated end-to-end supply chain management and logistics provider, disclosed the completion of a strategic business deal with Fushi Technology (Shenzhen) Co., Ltd ("Fushi").
This deal strengthens Y3's position as a key investor in Fushi and contributes to the mutual objective of revolutionising technologies essential to strengthen and support future economies. Fushi will use YCH Group and Ascentis' platforms as a lynchpin for its "Zhizhanggui(智掌柜)" platform in the future to expand its customer relationship management reach throughout ASEAN.
Supply Chain Angels ("SC Angels"), YCH Group's corporate venture arm, is supporting this collaboration to enable the parties to foster growth and innovation in ASEAN by giving businesses with access to cutting-edge technologies to streamline operations and boost bottom lines.
Fushi Technology, founded in 2016, provides comprehensive SaaS services to retailers. Its flagship SaaS open platform, "Zhizhanggui(智掌柜)," is a key partner in managing membership, food ordering, supply chain management, fintech, kitchen management, and membership marketing in a variety of industries in China, including food and beverage, retail, apparel, lifestyle services, and entertainment.
Y3 offers a comprehensive suite of omnichannel solutions, including analytics-based tools and capabilities, purpose-built supply chain management applications, and customised eCommerce, allowing businesses to better plan, manage, optimise fulfilment, and deliver winning customer experiences.
"The collaboration highlights SC Angels' goal of bringing together a cross-sharing of technological ideas to collaboratively explore and create new technologies, with a focus on supply chain financing through their payments highway,” expressed Mr Isaac Chua, Head, Corporate Venture and Investments of YCH Group. “With YCH Group's strong presence in Asia, this partnership will open up new opportunities for businesses in the region to leverage Fushi’s technology platform and Ascentis' CRM capabilities. Businesses will get access to new technologies and services that will improve their supply chain and logistics capabilities as a result of this collaboration," he added.
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About Y3 Technologies
Y3 Technologies is a Singapore-based, award-winning software solutions business. Wholly owned by YCH Group, Singapore’s largest homegrown supply chain and logistics provider, Y3 provides a full suite of omnichannel solutions, including analytics-based tools and capabilities, purpose-built supply chain management applications, and customised eCommerce, CRM, and loyalty services, allowing businesses to better plan, manage, optimise fulfilment, and deliver winning customer experiences.
About Fushi Technology
Fushi is dedicated to providing merchants with end-to-end SaaS solutions and aims to become the largest one-stop digital services platform for merchants in China and Southeast Asia. Since its establishment in 2016, Fushi Technology has been deepening and expanding its SaaS services in retail and F&B with products such as POS, QR code menu ordering, mini-programs, artificial intelligence, digital payment, and game center.
Head of Marketing Communications
Executive Chairman Office, YCH Group