Group 1: Core Insights - Airwallex has successfully completed a $300 million Series F funding round, achieving a post-money valuation of $6.2 billion, positioning itself as a benchmark in the fintech sector amid a challenging market environment [1] - The funding round attracted top-tier venture capital firms such as Square Peg and Lone Pine Capital, along with strategic investment from Visa Ventures, highlighting market recognition of Airwallex's innovative model [1] Group 2: Performance and Global Strategy - Airwallex's valuation is supported by impressive performance metrics, with an annualized revenue of $720 million by March 2025, reflecting a 90% year-over-year growth, and processing transaction volumes exceeding $130 billion [2] - The company has established a strong presence in the Americas and Europe, with a compound annual growth rate of over 250% in gross profit in these regions over the past four years [2] - Airwallex has set up branches in 37 countries and regions, holding over 60 financial licenses, including recent acquisitions of payment service provider MexPago in Mexico and a payment institution license from the Central Bank of Brazil [2] Group 3: Technological Innovation - Airwallex has built a global clearing network that reduces 95% of cross-border payments to hours, with 68% processed in real-time, contrasting with traditional banks reliant on the SWIFT system [3] - The company leverages AI to enhance its technological advantages, reducing account misjudgment rates by 50% through machine learning-based risk control models and helping clients mitigate foreign exchange losses with an intelligent foreign exchange engine [3] - The introduction of the "AI agent finance" concept aims to integrate AI into cash flow forecasting and tax compliance decision-making processes, redefining service boundaries for cross-border payment platforms [3] Group 4: Market Opportunity - Airwallex is targeting a significant market gap in cross-border financial services for SMEs, with an estimated potential market size of $570 billion by 2027 [5] - The company offers a suite of solutions including multi-currency accounts, global acquiring, and embedded APIs to reduce service costs and enhance operational efficiency for businesses [5] Group 5: Future Outlook - With the new $300 million funding, Airwallex plans to expand its global financial services network and deepen the application of AI technology in cross-border payments [7] - The company's trajectory from addressing SMEs' cross-border payment challenges to building a financial infrastructure covering over 180 countries exemplifies how technology is reshaping cross-border finance [7]

图片来源：网络 本文主要内容编译自20VC对话栏目 在墨尔本40度高温的盛夏，Jack Zhang揉了揉酸涩的眼睛，将最后一箱柠檬搬上卡车。此时的他不会想 到，这个从每天凌晨开始搬运数千个柠檬箱的移民少年，未来会成为全球金融科技领域的颠覆者。 2025 年5月，当 Airwallex 以 62 亿美元估值完成最新一轮F轮融资时，创始人Jack Zhang 坐在全球知名 科技播客20VC伦敦的录音室，与主持人Harry Stebbings回忆起初到澳大利亚的日子。"那时我只有一个 念头，不能让生活永远停留在搬箱子的阶段。"Jack Zhang 的眼神坚毅，语速平稳，仿佛那段苦涩的青 春仍在眼前。 这个少年的逆袭之路，始于一场孤注一掷的异国冒险，却在跨境支付的荒漠中开辟出了一条新航道。今 天，钛媒体创投家首次在国内深入剖析其创始人从生活艰辛的移民少年成长为全球金融科技领军者的心 路历程，以及Airwallex如何在十年间从咖啡馆成长为估值62亿美元的独角兽。 16岁移民少年的生存之战 1985年，Jack Zhang出生在山东沿海小城，父母是银行职员，家境中产。他的直率性格与学校对顺从的 期待格格不入，16岁被送 ...

Group 1: Company Overview - Qianhai Company, established in May 2014, operates with a dual headquarters model in Hong Kong and Shenzhen, providing payment solutions across over 200 countries and regions [3] - The company offers more than 500 payment product technical supports for various sectors including cross-border trade, tourism, and digital entertainment [3] - Qianhai Company holds PCI DSS LEVEL 1 security certification and qualifications from major international payment systems, ensuring safe and efficient payment solutions for global merchants and consumers [3] Group 2: Strategic Insights - Qianhai's chairman, Liu Chaofeng, emphasizes the importance of elevating brand strategy to a core development level, moving beyond traditional ODM manufacturing [3] - Companies are advised to focus on differentiated market demands and avoid broad, unfocused market strategies, instead creating benchmark products through refined operations [3] - It is recommended that firms leverage their core advantages and innovate in technology and service to build competitive barriers in the international market [3] Group 3: Industry Challenges and Support - The chairman of the Furniture Association, Hou Keping, highlights the impact of fluctuating international trade policies on the furniture industry and calls for more government support in policy assistance and international cooperation [4] - There is a suggestion for the government to establish special funds to support industry associations, ensuring they can effectively serve their member companies [4] - The research team acknowledges the Furniture Association's significant contributions to the development of traditional industries and brands in Shenzhen [6]

出品：新浪财经创投Plus 编辑整理：shu 据中国基金业协会数据显示，2025年5月新增登记的私募股权、创业投资基金管理人只有2家，较4月骤降83.3%，与2024年5月相比减少60%；月内已注销私 募股权、创业投资基金管理人共34家，其中一半以上为主动注销；新增备案私募股权投资基金、创业投资基金合计339只，同比增长55.5%，环比下降 18.7%。 结合往期数据分析，本月融资频率最高的A轮，融资事件数、披露融资额较2024年5月分别下降11.3%、23.8%，平均单笔融资额由2977.09万元降至2557.66万 元。与2025年4月相比，两项指标呈相同趋势，且降幅明显扩大，融资事件数减少31.3%，披露融资额降幅超22%。 机构加速出清，基金募集活跃度尽管有所回升，但传导至投资端仍需时日。基于公开数据不完全统计，5月国内一级股权投资市场共发生428起融资事件，同 比、环比分别减少13.6%、18.0%；披露总融资额约182.33亿元，与2024年5月基本持平，较2025年3月缩水21.5%；平均单笔融资额约4290.04万元，创下近五 个月内最低点。 值得关注的是，5月21日，跨境支付平台「Airwa ...

华夏时报（www.chinatimes.net.cn）记者 付乐 北京报道 近年来，世界范围内数字货币与跨境支付体系的不断创新，推动稳定币成为热门话题。以蜡烛制造起家的青岛金 王（002094.SZ），凭借参与人民币跨境支付系统（CIPS）及稳定币生态建设，受到资本市场高度关注。 尽管涉足跨境支付清算领域，青岛金王营收却已连续三年下滑。在稳定币热潮涌动的当下，公司能否借此实现突 围？ 记者向青岛金王发去相关采访内容，截至发稿，尚无获得回复。 挑战不减 近日，香港《稳定币条例》出台后，相关概念股受到追捧。如5月29日，受稳定币相关消息影响，青岛金王涨停。 值得注意的是，青岛金王的股价从今年1月的5.29元飙升至6月4日收盘价9.85元，涨幅高达86%。股价狂飙的背后 在于其跨境金融的布局。 青岛金王并未直接参与稳定币的发行，而是作为清算服务提供商，通过银行渠道接入人民币跨境支付系统 （CIPS），为企业的跨境贸易提供清算服务。 2021年9月9日，青岛金王成为兴业银行首家上线CIPS标准收发器的企业。CIPS标准收发器由跨境清算公司研发， 全面支持人民币跨境支付核心业务，有利于帮助企业实现高效便捷的跨境收付体验 ...

但是，如何解决本地化支付与销售回款，正成为中资企业布局拉美非洲市场普遍遭遇的一大难题。 由于拉美非洲地区信用卡普及度不高，近年众多本地支付方式纷纷兴起且呈现高度碎片化的竞争格 局。这令众多中资企业骤然发现，自己若不接入众多本地支付方式，就难以触及当地消费者与打开 销路；反之若接入众多本地支付方式，又是一项复杂且繁琐的工作。 这令众多跨境支付机构嗅到商机。 Airwallex空中云汇完成对墨西哥支付服务提供商MexPago公司的收购，且在巴西获得支付牌照， 着手解决中资企业布局拉美市场的本地收款与资金分发等支付问题。 于翔告诉记者，EBANX通过聚合支付方式，集成拉美非洲众多国家约200种本地主流支付方式， 涵盖信用卡、现金券、移动货币（短信支付）电子钱包、即时支付与先买后付等，提供一站式的聚 合支付解决方案。 要真正解决中资企业拓展拉美非洲地区的支付挑战，跨境支付 服务商还需做好"支付服务"，即围绕中资企业的差异化支付诉 求，结合拉美非洲当地消费者与企业的支付习惯与支付监管政 策变化，提供更接地气的支付解决方案，助力中资企业在拉美 非洲地区取得成功。 作者：陈植 封图：图虫创意 随着中国与拉美非洲地区的经贸往 ...

Core Insights - The increasing economic and trade interactions between China and Latin America/Africa have led to a rise in Chinese companies entering these markets, particularly in sectors like B2B trade, gaming, social media, and SaaS services [1][10] - A significant challenge for these companies is localizing payment methods and managing sales collections due to the low credit card penetration and fragmented payment landscape in Latin America and Africa [1][3] Group 1: Payment Solutions and Market Dynamics - Cross-border payment institutions are seizing opportunities, with companies like Airwallex acquiring local payment providers and obtaining licenses to address payment issues for Chinese enterprises in Latin America [2] - EBANX offers a one-stop aggregated payment solution that integrates around 200 local payment methods across Latin America and Africa, addressing the complexities of local payment systems [2][6] - The fragmented nature of local payment methods in Latin America and Africa complicates the process for Chinese companies to establish their own payment networks, leading many to adopt aggregated payment solutions [6][12] Group 2: Local Payment Preferences - In Mexico, OXXO Pay is a popular offline payment method, while in Kenya, mobile money is increasingly favored, and in Brazil, Pix is expected to surpass credit cards in e-commerce transactions [4][5] - The average settlement period for credit card payments in Brazil is 30 days, while Pix allows for next-day settlements, easing cash flow pressures for Chinese exporters [12] Group 3: Customization and Service Requirements - Different Chinese enterprises have varying payment requirements; for instance, cross-border e-commerce firms prioritize payment success rates, while gaming companies focus on reaching local audiences [11][13] - EBANX has established a local team to provide tailored payment solutions and maintain communication with headquarters to address challenges faced by Chinese companies in cross-border payments [13] Group 4: Fraud Risks and Mitigation - Payment fraud is emerging as a significant challenge for Chinese enterprises, with global e-commerce fraud losses reaching approximately $48 billion in 2023 [14] - EBANX employs multiple anti-fraud measures, including a self-developed fraud detection engine and AI technology to identify suspicious transactions [15] Group 5: Future Prospects - The evolving alternative payment systems and accompanying risk management measures in Latin America and Africa are expected to enhance the economic trade cooperation between China and these regions [16]

为了将全球数字贸易博览会打造为全球数字贸易第一展，《实施方案》将汇聚全球高端策展资源， 设置人工智能、人形机器人、低空经济、航天航空等专区，带动每届参展数贸企业的数字贸易额增长 10%以上；加强与国际组织、权威机构的合作，升级"数贸之夜"活动，持续发布全球数字贸易发展报 告、百强榜单等成果；举办系列创新大赛，推动项目落地、成果转化和产品应用。 打造全国跨境电商综合试验第一区也是《实施方案》中的一大目标，杭州向国家争取支持发布杭州 跨境电商综试区2.0方案，在跨境电商出口海外仓退税便利化等方面形成新一批制度创新清单，推动新 一轮国家级跨境电商综合改革。 此外，未来杭州跨境支付也将更强大、更便捷，杭州抢抓全省大宗商品资源配置枢纽建设机遇，招 引大宗商品企业总部或采销中心、供应链管理中心、风险管理中心落户杭州，推出各类期现结合大宗商 品指数，拓展大宗商品投资贸易跨境支付、数据采集、商务服务业务，打造大宗商品投资贸易服务创新 中心；支持探索数字人民币跨境支付应用，支持在杭跨境支付机构申请境外支付牌照，到2027年，跨境 电商支付结算额超1万亿元，建设全球跨境支付结算中心。 日前，市政府网站公开发布《杭州市推进全球数贸 ...

Group 1 - The relationship between China and Malaysia is strengthening, leading to increased business opportunities and financial interactions [1][2] - PingPong, a global payment platform, has received approval from the Central Bank of Malaysia, becoming the first Chinese company to hold an MSB license for cross-border payments targeting businesses [1] - UnionPay International's collaboration with PayNet has resulted in a significant increase in transaction volume, with a more than 400% increase in transaction counts and over 1300% increase in transaction amounts from January to April 2025 [1] Group 2 - Various Malaysian enterprises are engaging in business exchanges with Chinese companies, indicating a growing connection in commercial activities [2] - The signing of a production cooperation agreement between Wanglaoji and Malaysian companies marks a significant step in localizing production and expanding market reach in Southeast Asia [2][3] - The RCEP agreement is benefiting businesses by reducing costs and enhancing efficiency, with its policies directly impacting various industries [3] Group 3 - The upcoming China-ASEAN Economic Forum and the third China International Supply Chain Promotion Expo highlight the focus on international cooperation in supply chains and industries [3] - Malaysia's tourism department predicts a significant increase in Chinese tourists, estimating 5 million visitors by 2025, which represents a growth of over 35% [3] - The cross-border payment cooperation is expected to enhance the supply chain and industry connections between China and Malaysia [4]

在多位创投业内人士看来，在当前全球贸易环境出现大变局的趋势下，创投机构依然加码跨境支付 赛道的投资，需要勇气与决心。毕竟，过去数年跨境支付行业之所以保持快速增长，很大程度得益 于贸易全球化与跨境电商产业迅猛发展。如今，随着美国出台对等关税政策，加之西方国家着手对 小额包裹加征关税，或令跨境电商与全球贸易发展面临新的不确定性，无形间冲击跨境支付产业发 展前景。 作为一家长期关注跨境支付赛道的美国创投机构合伙人，王勇对此有着不同见解。 他向记者透露，当前欧美创投机构与养老基金之所以继续加码跨境支付赛道股权投资，有着新的投 资逻辑。一是在新的全球贸易格局下，全球各国都将关注本地制造业发展，令当地本土企业商品贸 易"出海"需求激增，将给跨境支付赛道带来新的增长潜力；二是现有的传统银行服务未必能满足很 多国家本土企业跨境电商出海所需的"碎片化、高频化、小额化"跨境支付要求，这意味着新的全球 跨境支付金融基础设施建设将加快，给跨境支付企业带来新的弯道超车机会；三是AI大模型对跨 境支付生态的变革，将令擅于应用AI大模型的跨境支付企业构筑更强的产品服务壁垒与用户服务 粘性，令后者在AI大模型时代有望脱颖而出。 Airwal ...