Recently, TWTH announced the successful completion of a multi-million RMB Series B financing, with Guangzhou Baiyun Financial Holdings Group Co., Ltd. and its subsidiary, Guangzhou Baiyun Investment Fund Management Co., Ltd., as investors. This not only signifies the high recognition of the capital market for TWTH's strength and development potential but also marks another solid step forward for the company's exploration of digitalization in the field of logistics for large items. The funds raised in this round will mainly be used for two purposes: first, to continue building a global technology supply chain digital delivery platform; second, to upgrade overseas large-item after-sales service systems.

Over the past decade, cross-border e-commerce in China has experienced rapid development, expanding from small parcels to large items shipped overseas. Furniture, household goods, commercial equipment, amusement equipment, sports equipment, garden tools, and many other large items have seen blue ocean opportunities due to their unique logistics requirements. TWTH has grown and expanded against this backdrop. TWTH is a professional door-to-door transportation service provider for large goods from China to North American countries. The company has been honored with various qualifications and awards, including being recognized as a China 4A Logistics Enterprise, China High-Tech Enterprise, China Smart Logistics Brand Enterprise, Guangdong Provincial Specialized and New Enterprise, Guangdong Provincial Top Ten Cross-border Logistics Brand Enterprise, and Guangzhou Baiyun District Headquarters Enterprise, among others.

TWTH has become a full-chain logistics service provider for several representative outstanding cross-border e-commerce enterprises and is the full-chain logistics service provider for multiple cross-border e-commerce platforms such as Alibaba, Temu, and Amazon. Its main products include sea freight door-to-door series, air freight door-to-door series, overseas warehouse large-item direct mail series, North American last-mile delivery series, and derivatives of foreign trade big data series.

Overseas solutions are the core competitiveness of cross-border logistics enterprises. In terms of self-operated business, TWTH has achieved self-operation of customs clearance, trailer operation, local delivery fleet, bonded warehouses, supervised warehouses, dangerous goods warehouses, and U.S. postal outlets (authorized by the U.S. Postal Service for 85 years). Among them, to improve customs clearance and last-mile delivery efficiency, it has obtained U.S. customs clearance licenses, enabling clearance to be completed before arriving in the United States and delivery to commence upon arrival at the port. As truck services are required for last-mile delivery of large items, TWTH has established its own North American-wide last-mile digital transportation platform, connecting transportation capacity including its own trucks and hundreds of truck companies, express delivery, and postal services in the United States, providing door-to-door delivery services throughout North America, supporting customer self-selection, and offering transparent and simple services.

In today's globalization, cross-border logistics has become an important part of commercial activities and an indispensable part of costs. TWTH has successfully built a door-to-door full-chain digital cross-border logistics service and has been highly recognized by cross-border e-commerce enterprises. The door-to-door full-chain comprises nine major links, featuring multimodal transportation, multi-country operations, multilingual coverage, multi-unit conversion, and multi-price changes. Particularly, large-item transportation faces more constraints on transportation capacity. Only through deep integration of digitalization, Internet, big data, and industry expertise can goods be accurately and efficiently delivered to customers' hands.

As a leader in digital technology for cross-border logistics, TWTH began digital exploration in 2013 and has been persistently breaking through industry pain points and promoting efficient industry development. For example, it solved the problem of transitioning from cubic meter charges to weight-based charges in the maritime industry, achieved international cost conversion, and thus promoted the logic revolution in industry pricing; solved the pricing and ordering issues for the full-chain transportation of large items; solved the problem of overseas last-mile transportation capacity pool for large items; solved the problem of visual trajectory query for door-to-door orders; solved the problem of global door-to-door consolidation, and so on. Its strength has made TWTH a benchmark enterprise in technology logistics and a beacon of industry innovation.

Xie Shengwei, Chairman of TWTH, stated: "We have an experienced team dedicated to scenario-based logistics for medium and large items, especially for single items exceeding 68KG. From packaging, handling, transportation, and delivery to after-sales service, we strive to do our best in every aspect. Currently, the average delivery time for air freight is 5-10 days, with the fastest delivery achievable in 3 days; the fastest sea freight delivery is 12 days, and if arriving at a U.S. port, last-mile delivery can be achieved on the same day or the next day."

At the same time, we actively embrace digital technology, mainly based on industry expertise, using digital capabilities as a means, relying on global foreign trade big data, and through AI models, computing power, artificial intelligence, advanced data mining, data analysis, and machine learning technologies, we conduct in-depth analysis of full-chain digitalization, domestic and foreign operational data, and promote the intelligence and automation of logistics services.

Finally, through data presentation, we can better predict market demand, optimize transportation routes, improve delivery efficiency, enable customers to track the entire process visually, and provide digital services throughout the process, ensuring the safety and timely delivery of goods to customers' hands. Door-to-door full-chain cross-border logistics services, large-item logistics, and digital logistics are the directions and goals we continuously pursue. We will continue to increase investment and innovation, continuously improve our service capabilities and levels, and provide customers with higher quality and more efficient logistics services.

The successful completion of this Series B financing not only demonstrates TWTH's technological strength and market potential in the field of logistics but also affirms its past efforts and innovation achievements. Baiyun Financial Holdings Group stated: "TWTH is an enterprise we have been long concerned about. With medium and large goods logistics as its core, the enterprise has established industry barriers through technological digital means and a network of overseas warehouses and refined services, becoming a leading domestic enterprise in North American cross-border logistics. Its local resources, professional capabilities and service experience, and logistics technology content have made TWTH the first investment target of Baiyun Financial Holdings in the field of cross-border logistics."

We believe that under the leadership of the founding team, TWTH will make good use of shareholder resources, continuously promote its deepening and solidification in digitalization within the industry, simplify complex cross-border logistics, maintain a leading position in the fierce market competition, continue to traverse industry cycles, achieve sustained growth, and we will continue to empower the enterprise.

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Public Account: Cross-Border E-Commerce Logistics Baixiaosheng