On December 28, Sinotrans's Y2T Technology Co., Ltd. (hereinafter referred to as Y2T) successfully completed A round of financing of more than 100 million yuan. This round of financing was jointly invested by Leaguer, Hongyu Capital and Prologis China, which will further promote the rapid development of Y2T.
As a digital logistics e-commerce platform under Sinotrans, Y2T focuses on digital full link service products and online offline integrated service model. It has formed a new digital logistics model with online products, service platforms, and offline links as models and products, platforms, and channels as key elements. In April 2020, Y2T was rolled in the list of "Science and Technology Reform Demonstration Enterprises" by the Office of Leading Group of State Owned Enterprise Reform of the State Council.
In the past three years, the products and models of Y2T have been developing continuously and rapidly, and its business scale and profitability have grown several times. In 2022, Y2T worked with more than 3000 ecological partners to provide over 8000 shippers with digital full link services. Currently, the cross-border links have covered regions of Southeast Asia, Central Asia and Europe.
