CXJ Group, an automotive aftermarket company listed on the US over-the-counter (OTC) market, has officially reached a preliminary strategic merger and acquisition agreement with Shenyang Jingxuan Youpin E-commerce Co., Ltd.
This cross-border merger and acquisition is an important strategic move for CXJ Group to diversify its business layout. While consolidating its core automotive aftermarket business, the Group will enter the e-commerce field, building a dual-engine growth model and unleashing new development potential.
CXJ Group possesses a mature supply chain management system, standardized operating model, and the capital advantages brought by its listing on the US OTC market, giving it strong industry integration capabilities. Shenyang Jingxuan Youpin is a well-known local e-commerce platform in Northeast China, possessing abundant regional supply chain resources, a stable user base, and diversified online sales channels including live-streaming e-commerce and community group buying.
The strategic cooperation between the two parties will achieve complementary advantages. CXJ Group will provide financial and industrial support to help Shenyang Jingxuan Youpin achieve large-scale development; while the latter will help the Group rapidly expand in the e-commerce field.
Both parties will integrate supply chain resources to achieve interconnection and interoperability of user resources and market expansion, thereby generating greater synergy. In the future, both parties will accelerate the integration process, focus on building a sustainable and diversified development pattern, and promote the high-quality development of the group through the dual development of the automotive aftermarket and e-commerce.
This cross-border merger and acquisition is an important strategic move for CXJ Group to diversify its business layout. While consolidating its core automotive aftermarket business, the Group will enter the e-commerce field, building a dual-engine growth model and unleashing new development potential.
CXJ Group possesses a mature supply chain management system, standardized operating model, and the capital advantages brought by its listing on the US OTC market, giving it strong industry integration capabilities. Shenyang Jingxuan Youpin is a well-known local e-commerce platform in Northeast China, possessing abundant regional supply chain resources, a stable user base, and diversified online sales channels including live-streaming e-commerce and community group buying.
The strategic cooperation between the two parties will achieve complementary advantages. CXJ Group will provide financial and industrial support to help Shenyang Jingxuan Youpin achieve large-scale development; while the latter will help the Group rapidly expand in the e-commerce field.
Both parties will integrate supply chain resources to achieve interconnection and interoperability of user resources and market expansion, thereby generating greater synergy. In the future, both parties will accelerate the integration process, focus on building a sustainable and diversified development pattern, and promote the high-quality development of the group through the dual development of the automotive aftermarket and e-commerce.