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Foshan Wayes Furniture Manufacturing Co., Ltd

Updated: June 07,2021

Established in 2006, Foshan Wayes Furniture Manufacturing Co., Ltd is a furniture enterprise based on science and technological innovation, and is a model for the transition of the traditional furniture industry to the home service industry. It has taken the lead in the individualized design, production and installation of furniture for the whole home.

In response to supply-side structural reforms, Wayes meets the personalized demands of customers, and has formed a "C2B + 020" business model of individualized marketing, flexible production, and social logistics.

On the basis of IT innovation and mass customization, Wayes has achieved the integration of information and industrialization, and introduced an intelligent manufacturing model;

The HOMKOO O2O online design service platform uses virtual reality cloud computing based on graphic images, big data, consumer-oriented internet and industrial internet, and has greatly improved internal efficiency and personalized service capabilities;

Wayes has developed highly flexible smart equipment to replace human labor;

In response to the Belt and Road Initiative, Wayes has successfully launched intelligent manufacturing businesses in Thailand, Poland, India, Indonesia and Singapore, and explored technology-driven overseas development;

Wayes proposed the "S2b2C" model, reconstructed the home decoration industry's industrial and value chains, helped traditional home decoration enterprises transform into whole-house decoration enterprises, and constructed an industrial internet platform for the home decoration industry - the HOMKOO whole-house decoration cloud platform.

The group has maintained high growth for many consecutive years (the annual compound growth rate of its business volume is over 50 percent and its business volume grew by 100 times between 2004 and 2019). In 2018, its sales volume exceeded 6.6 billion yuan, a year-on-year increase of 25 percent, and in the next three years, the sales volume is expected to reach 10 billion yuan.

Wayes is one of China's top 50 innovative enterprises as rated by Fast Company magazine (three consecutive years); the best business model on Business Review; a top 10 global network business; a demonstration enterprise for smart manufacturing (rated by National Ministry of Industry and Information); a demonstration enterprise for service-oriented manufacturing (rated by National Ministry of Industry and Information); a top 10 domestic innovative enterprise in industrial design; and a special contribution award winner.