GigaCloud Technology Inc. offers a meticulously developed, technology-driven business-to-business platform coupled with a complete storage and fulfillment solution that serves large parcel retailers and eCommerce players around the world.
The platform, known as the “GigaCloud B2B Marketplace,” integrates everything from product discovery, payments, and messaging portals, leveraging channel diversification for suppliers, while resellers gain access to thousands of products backed by a complete logistics package.
Our global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, in the U.S., U.K., Germany, and Japan to execute cross-border transactions confidently, quickly, and efficiently. We offer a comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all in one place. We first launched the marketplace in January 2019 by focusing on the global furniture market and have since expanded into additional categories such as home appliances, fitness equipment, and pet products. As a result, the GigaCloud Marketplace has become one of the fastest growing large parcel B2B marketplaces in the world, with a gross merchandise volume, or GMV, transacted on the marketplace equaling $190.5M, $414.2M, and $438.1M in 2020, 2021, and the 12 months ended March 31, 2022, respectively.
The GigaCloud Marketplace democratizes global access and distribution for manufacturers (typically Sellers on our platform) and resellers (typically Buyers on our platform), enabling transactions without borders. Manufacturers view our marketplace as an essential sales outlet to thousands of resellers in the U.S., Europe, and Japan by exponentially increasing sales channels while saving on storage and fulfillment. Additionally, resellers may lack the resources and infrastructure to manage a global supply chain and support international distribution. Our integrated eCommerce solution allows resellers to extend product and service offerings by facilitating access to a growing number of global suppliers and supporting them with industry-leading fulfillment capabilities.
We have built a cross-border fulfillment network optimized for large parcel products with warehouses operating in four countries across North America, Europe, and Asia. GigaCloud operates 21 warehouses totaling over four million square feet of storage space globally, 14 of which are located in the United States. In addition, GigaCloud covers 11 ports of destination and 15 ports of loading with ten thousand annual containers backed by our extensive ocean and trucking partnerships with major freight service providers. By servicing the entire supply chain, we’re able to extend our data-driven operations to our Buyers and Sellers by enhancing product and customer visibility while reducing turnover time and lowering transaction costs.