Shanghai Jinyi E-Commerce Co., Ltd. announced a private placement of 80,000,000 common shares at CNY 1.014 per share for gross proceeds of CNY 81,120,000 on January 18, 2016. The transaction will include participation from existing investor, Huaibei Mining Co., Ltd. for CNY 26,668,200, new investors, Jiangsu Zhongneng Power Fuel Co., Ltd. for CNY 24,031,800, Tangshan Runmaotong Industry Co., Ltd. for CNY 20,280,000, and Cangzhou Bohai New District Tianrun Investment Co., Ltd. for CNY 10,140,000. Out of total funding, CNY 80,000,000 will be added to registered capital and remaining to capital reserve. Upon completion, the registered capital of the company will increase from CNY 20,000,000 to CNY 100,000,000. Upon completion, Huaibei Mining Co., Ltd., Jiangsu Zhongneng Power Fuel Co., Ltd., Tangshan Runmaotong Industry Co., Ltd., and Cangzhou Bohai New District Tianrun Investment Co., Ltd. will hold 36.5%, 23.7%, 20%, 10% stake respectively in the company. The transaction has been approved at the meeting of the 3rd board of directors, and the 21st meeting of the 3rd supervisory board of Shanghai Ganglian E-Commerce Holdings Co., Ltd., is subject to its shareholders' approval, and does not need the approval of the related agencies. Upon completion, the stake of Shanghai Ganglian E-Commerce Holdings Co., Ltd. will be diluted from 49% to 9.8% in the company.

On February 4, 2016, the company announced that the transaction was approved in the 2016 2nd special stockholders meeting of Shanghai Ganglian E-Commerce Holdings Co., Ltd.