Proxtera and Chongqing Yumaotong Supply Chain Management Co., Ltd Partner to Revolutionize Cross-Border Trade for Chongqing SMEs

(Left-Right) Mr. Liu Hanjie, General Manager at Chongqing Foreign Trade and Economic Cooperation and Saurav Bhattacharyya, CEO, Proxtera

Proxtera, a leading provider of trade, finance, and digital innovation services, takes pride in announcing a landmark Memorandum of Understanding (MoU) signed with Chongqing Yumaotong Supply Chain Management Co., Ltd on  May 30th, 2024. Chongqing Yumaotong Supply Chain Management is a subsidiary of Chongqing Foreign Trade and Economic Cooperation Group Co. and is the only state-owned foreign trade service platform in western China, a leading company in this industry.

This strategic partnership promises to revolutionize cross-border trade for small and medium-sized enterprises (SMEs) in Chongqing, China.

The collaboration between Proxtera and Chongqing Yumaotong Supply Chain Management Co., Ltd will establish a cross-border e-commerce interconnection business specifically designed to empower Chongqing SMEs. Through Proxtera’s robust platform, these businesses will gain access to a world of opportunities, streamlining their export and import operations to selected global markets. Proxtera’s comprehensive suite of services encompasses trade facilitation, financial solutions, and cutting-edge digital tools, empowering Chongqing SMEs to navigate the complexities of cross-border transactions with unprecedented ease.

What This Means for Chongqing SMEs

For Chongqing SMEs, the Proxtera- Chongqing Yumaotong Supply Chain Management Co., Ltd partnership unlocks a treasure trove of benefits:

• Simplified Cross-Border Transactions: Proxtera’s platform streamlines the entire cross-border trade process, from product listing and marketing to order fulfilment and customs clearance.
• Access to Global Markets: Chongqing businesses can tap into a network of international markets, reaching new customers and diversifying their revenue streams.
• Comprehensive Trade Solutions: Proxtera offers a one-stop shop for all trade-related needs, including trade finance, with logistics management, and regulatory compliance support coming soon.

A Stepping Stone for China-Singapore Cooperation

This MoU strengthens the  China-Singapore (Chongqing) cooperation. By fostering cross-border trade and innovation, the partnership paves the way for a more robust and integrated financial ecosystem between the two nations.

About Chongqing Yumaotong Supply Chain Management Co., Ltd

Chongqing Yumaotong Supply Chain Management Co., Ltd. (Yumaotong), a subsidiary of the Chongqing Foreign Trade and Economic Cooperation Group Co., stands out as the sole state-owned foreign trade service platform in Western China. Leveraging this unique position, Yumaotong is rapidly becoming a leader in the industry. 

About Proxtera

Proxtera is creating the global open digital ecosystem of MSMEs (micro, small and medium enterprises) with trusted credentials that help them gain access to trade opportunities and financial services for greater growth.

Proxtera’s mission is to transform business-to-business trade using technology to make marketplaces efficient and discoverable globally and to enable holistic cross-marketplace and cross-border trade leveraging on trusted credentials to improve financing, fulfillment and empowerment.

Proxtera was launched at the end of 2020 as the operationalisation of the Business sans Borders (BSB) initiative by MAS and the Infocomm Media Development Authority (IMDA). BSB seeks to develop a collaborative global digital infrastructure that would help to increase cross-border trade opportunities and enhance digital and financial inclusivity for MSMEs in the underserved global B2B e-commerce market space.

Find out more at https://proxtera.com or email us at contact@proxtera.com.