01 The Technologist: From Selling Homes to Reinventing Global Logistics
In a Shenzhen apartment in 2015, 34-year-old Wang Wei and five former ZTE colleagues developed a supply chain system. A mathematician from Nanjing University and former Hong Kong City University professor, Wang had just mortgaged his home to pay salaries during the industry's darkest hour—gathering his remaining 63 employees in a WeChat group titled "The Power of Believing in Belief."
A decade later, that rudimentary system has evolved into a digital backbone for global supply chains spanning 72 countries, with annual GMV exceeding $45 billion. Wang's entrepreneurial philosophy centers on "choosing hard but right paths." When cross-border e-commerce faced tax reforms in 2016 that bankrupted 99% of businesses, he held two convictions: global demand for quality goods endures, and supply chain value is timeless.
This conviction manifested in relentless technology investments. The LinkieBuy platform launched in 2018 lost money for five straight years, yet Wang insisted: "You can't judge prematurely." In year six, it became Japan and Thailand's market leader by separating transactions from fulfillment—proving the model's global viability.
When COVID-19 hit in 2020, Cloudwalk pivoted from "buy global" to "sell global," helping 100+ Chinese brands like Bull and BY-HEALTH expand overseas. By then, its digital infrastructure shone: 100,000+ B2B merchants in Southeast Asia, with physical coverage across 27 Indonesian and 10 Vietnamese cities, blending grassroots sales teams with smart apps to penetrate fragmented markets.
02 The Capital Strategist: Multi-Stage Financing and A-Share Ambitions
Cloudwalk's financing aligned precisely with strategic goals. Over a decade, nearly $1 billion in funding came from elite investors like Yunfeng Capital, Taikang Life, and China's National SME Development Fund, reflecting three key advantages:
- Angel Round: $2.2 million from ZhenFund fueled SaaS development, establishing the "transaction-fulfillment separation" model.
- Series C: $600 million led by Yunfeng Capital targeted cross-border trade and stablecoin initiatives.
- A-Share Play: In March 2025, Cloudwalk acquired 18% of Youkeshu Technology (SZ:300209) through bankruptcy restructuring, positioning for eventual asset injections.
A VC partner noted: "Investors prize Cloudwalk's tech moat, regulatory compliance, and cash-flow operations—why state funds keep backing them even during capital winters."
03 The Stablecoin Gambit: State-Private Collaboration Reshapes Finance
As stablecoins emerge as disruptive financial tools, Cloudwalk's partnership with Guangzhou state-owned enterprises (SOEs) is building next-gen infrastructure in the Greater Bay Area.
The Policy Catalyst: Hong Kong's Stablecoin Ordinance took effect May 30, 2025, requiring licensed issuance with 100% asset backing. Within weeks, the SOE-backed Haisi Zhilian (Maritime Silk Chain) launched—a project years in the making.
Strategic Alliances:
- Guangzhou High-Tech Investment Group (30%): Brings Belt-and-Road policy access.
- Guangzhou Construction (19%): Connects 30 countries' infrastructure projects.
- Guangzhou Light Industry (19%): Controls bulk commodity trade channels.
- Cloudwalk Group (13%): Provides digital execution capabilities.
Stablecoin Advantages:
- Cross-Border Payments: Slashes settlement from 3–5 days to 1–2 hours while cutting fees by ~3%.
- Trade Platform: Guangzhou's Suitong Cloud Trade integrates stablecoins for end-to-end services, attracting global businesses to the city's manufacturing hub.
Analysts note: "Stablecoins let China export industrial might as financial rulemaking power—a new path for RMB internationalization."
FAQ: Cloudwalk Group and Cross-Border Payment Innovations
Q: How does Cloudwalk's supply chain model differ from traditional e-commerce?
A: By separating transactions from physical fulfillment, Cloudwalk enables localized logistics with global purchasing power—key for fragmented emerging markets.
Q: Why partner with SOEs for stablecoin development?
A: State-backed scenarios (e.g., infrastructure projects, bulk trades) provide real-world testing grounds, while private tech ensures agility and innovation.
Q: What risks do stablecoins pose to traditional finance?
A: They bypass legacy systems like SWIFT but require robust regulation—exactly why Hong Kong's licensing framework matters.
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With 3,000 employees and $50 billion in annual trade volume, Cloudwalk exemplifies how China's digital economy is rewriting global commerce rules—one belief at a time.