What SY Holdings does

SY Holdings Group Limited (盛业控股集团, 6069.HK) is a Shenzhen-headquartered, Hong Kong-listed supply chain finance technology platform founded in 2013 (formerly Shengye Capital Limited). The company operates an AI-powered platform-plus-modules architecture centered on the Shengyi Tong Cloud Platform (盛易通云平台), which connects core enterprise systems with capital partners and serves primarily small and medium enterprises (SMEs) in construction, healthcare/medical, energy/chemicals, and e-commerce. Cumulative platform-matched business scale exceeded RMB 3,300 billion across more than 23,000 customers, of which over 96% are SMEs.

The core technology stack combines the proprietary "transaction-heavy, entity-light" (重交易、轻主体) data-driven risk model, multi-source data cross-verification across ERP, logistics, and core enterprise systems, and integrated AI capabilities (OCR, NLP, predictive analytics, autonomous agents) layered on top of leading third-party large language models (DeepSeek, Tongyi Qianwen, Doubao). Supporting modules include the Smart Registration System for supply chain finance compliance (中登网), smart construction site solutions (智慧工地), hospital SPD intelligent supply chain services, and e-commerce embedded services covering Douyin, SHEIN, Shopee, Kuaishou, WeChat Video, and Dewu. The platform has system connections with 17 core enterprises and 200+ capital partners, supported by 100+ national invention patents and software copyrights and certifications including ISO 27001, ISO 27701, MSCI ESG AA, and National High-Tech Enterprise status.

The business model combines transaction-fee-based platform technology services (RMB 474M revenue in 2025, 52%+ of total, +37% YoY), digital finance solutions via subsidiary factoring platforms (Wuxi Guojin, Ningbo Guofu, Xiamen Xiangsheng) backed by SOE partners, pay-as-you-go e-commerce services (>RMB 60B cumulative scale, +4.4x YoY), and emerging subscription-based AI services (>RMB 17M contract revenue). The company has been profitable for 12 consecutive years, paying a dividend payout ratio of no less than 90% with >7% dividend yield, and is expanding internationally via its Singapore international headquarters established in 2025.

Name

SY Holdings

Legal name

盛业控股集团有限公司 (SY Holdings Group Limited)

Website

https://syholdings.com

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

SY Holdings is a Hong Kong-listed supply chain finance technology platform that uses its AI-powered Shengyi Tong Cloud Platform to connect core enterprises with capital partners, serving over 23,000 SMEs (96% of customer base) across construction, healthcare, energy, and e-commerce sectors in China and Southeast Asia.

Ownership category

akta.pro rank

Product category

Supply Chain Finance Technology

NAICS

Sales Financing (52222), Credit Intermediation and Related Activities (522)

SIC

Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

SME Lending & Working Capital Platforms (FSAGAJAA)

akta.pro secondary industries

SME Lending Platforms & Embedded SME Credit (FSAKAGAJ), SME Equipment & Asset Finance (Leasing, Fleet, Capex) (FSABABAH)

Keywords

• Supply chain finance
• Fintech platform
• Digital financing
• Supply chain technology
• SME lending

Headquarters

HQ city

Shenzhen

HQ country

China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. 平台科技服务: 通过盛易通云平台提供智能撮合服务，收取服务费用。平台已与17家核心企业建立系统链接，平台科技撮合业务占比超87%。平台科技服务收入约4.74亿元，同比增长约37%，占总收入的比重超52%。
2. 电商服务: 为电商平台商家提供基于动态经营数据和订单的供应链金融服务，累计电商服务业务规模超60亿元，较去年同期增长超4.4倍。已覆盖抖音、希音、虾皮、快手、微信视频号、得物6大头部电商平台。
3. 数字金融解决方案: 包括自有资金放款业务和供应链资产服务，实现净利润约4.83亿元，同比增长约24%。
4. AI服务: 深度融合DeepSeek、通义千问、豆包等主流开源大模型，为客户提供选品、销售、库存、备货等环节的精准决策支持。已实现AI服务合同收入超1,700万元。

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

SY Holdings operates an AI-powered supply chain technology platform (Shengyi Tong Cloud Platform) that provides digital financing solutions and supply chain finance services to small and medium enterprises (SMEs) in China. The platform connects core enterprise systems, capital partners, and SMEs to enable intelligent asset-capital matching, with technology services accounting for over 87% of business volume. Key offerings include supply chain factoring, commercial factoring, intelligent registration services, AI-driven risk assessment, and digital finance solutions for industries including construction, healthcare, energy, and e-commerce.

Product overview

SY Holdings operates as a leading supply chain fintech platform, offering a unified platform-plus-modules architecture. The core product is the 盛易通云平台 (Shengyi Tong Cloud Platform), an AI-powered supply chain technology platform that integrates transaction analysis, risk management, and capital matching services. Supporting products include 盛业智能中登系统 (Shengye Intelligent Registration System) for supply chain finance registration and monitoring, and digital finance services. The platform serves SMEs across construction, healthcare, energy, and e-commerce sectors by connecting over 17 core enterprise systems and 200+ capital partners, enabling intelligent asset-capital matching and AI-driven supply chain solutions.

Differentiator

Problem solved

Functional benefit

Brands

• 盛易通云平台 (Shengyi Tong Cloud Platform): AI-powered supply chain technology platform integrating DeepSeek, Tongyi Qianwen, and Doubao large language models for supply chain management and financing services.
• 盛业公益基金会 (Shengye Public Welfare Foundation)
• 盛业光 (Shengye Light)
• 智验宝 (Zhi Yan Bao)

Products and services

• Shengyi Tong Cloud Platform (盛易通云平台)
• Shengye Intelligent Registration System (盛业智能中登系统)
• Smart Construction Site Solutions (智慧工地)
• Hospital SPD Intelligent Supply Chain Services (医院SPD智能供应链服务)
• E-commerce Financial Services (电商服务)
• Overseas Expansion Services (出海服务)
• Digital Financial Solutions (数字金融解决方案)

Quantifiable outcome

• 平台累计智能撮合业务规模超3,300亿元，同比增长超33%
• +5 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability11 records

Feature6 records

Partnerships

18 partnerships are on record, tiered major and core.

• 长飞光纤光缆股份有限公司（股份代号：601869.SH、06869.HK）majorStrategic or Co-development Partner · 1 February 2026全球光通信行业领军企业，唯一同时掌握三大主流预制棒制备技术并实现产业化的企业。合作运用AI技术为长飞光纤上下游合作伙伴提供定制化供应链解决方案，助力中国AI基础设施产业「走向世界」
• 斯坦德机器人majorStrategic or Co-development Partner · 1 July 2025盛业与斯坦德机器人达成战略合作，加码机器人产业链布局，为机器人企业提供供应链金融服务
• 辛巴达majorStrategic or Co-development Partner · 1 March 2025助力中国产业带与跨境电商平台加速「出海」的战略合作，为盛业提供跨境电商供应链服务能力
• 无锡市交通产业集团coreStrategic or Co-development Partner无锡市政府直属大型国有企业，立足于打造交通产业与现代金融高度融合的综合性集团，连续多年入选「中国服务业企业500强」，与盛业成立合资公司无锡国金商业保理有限公司
• CarromajorStrategic or Co-development Partner东南亚最大的线上汽车交易平台，盛业与其建立合作关系，携手助力极氪汽车等中国新能源汽车品牌开拓海外市场，服务机器人、新能源汽车等领域的中国品牌出海需求
• 腾讯云（腾讯云计算（北京）有限责任公司）majorTechnology or Integration与腾讯云达成合作，共同搭建「智能建造+数字供应链」平台，借助腾讯云在云计算、大数据、区块链、AI、物联网等领域的优势赋能建筑行业
• 中建八局第一建设有限公司coreStrategic or Co-development Partner基于「智验宝验收系统」的数字化供应链合作，通过智慧采购SaaS数据实现供应链金融创新模式，为供应商节省至少90%的贷款申请时间
• 梦诚科技（北京梦诚科技有限公司）majorStrategic or Co-development Partner国内领先的基建工程管理SaaS服务商，盛业与腾讯联合战略投资，合作提供「工程管理SaaS+供应链数字金融」服务，服务5000多个基建项目
• 华筑科技（陕西华筑科技有限公司）majorStrategic or Co-development Partner专注智慧工地解决方案的高新企业，盛业战略投资合作，累计服务工程项目超4000个
• 领健（上海领健信息技术有限公司）majorStrategic or Co-development Partner消费医疗SaaS服务商，盛业战略投资合作，为口腔诊所、医美机构提供消费医疗供应链金融服务
• 中海领潮（深圳领潮供应链管理有限公司）majorStrategic or Co-development Partner中国海外发展有限公司旗下建材B2B供应链交易服务平台，战略合作输出建材供应链数字金融服务，触达近400家供应商
• 象屿金象控股集团（厦门象屿金象控股集团有限公司）coreStrategic or Co-development Partner与盛业共同出资成立象盛保理（厦门象盛商业保理有限责任公司），注册资本3亿元，依托象屿集团产融生态提供供应链数字金融服务
• 宁波开发投资集团有限公司coreStrategic or Co-development Partner与盛业共同成立宁波国富商业保理有限公司，宁波市第一家、浙江省第二家获批注册成立的商业保理公司
• 中铁资本保理majorStrategic or Co-development Partner构建基建行业的供应链数字金融生态
• 重庆医药集团（重药集团）coreStrategic or Co-development PartnerA股上市公司（股票代码：000950），盛业提供供应链金融服务和ABS资产服务合作，发行北金所债权融资计划5亿元
• 国药控股coreStrategic or Co-development Partner世界500强中国医药集团所属核心企业，盛业提供两票制供应链金融服务
• 中国建筑集团coreStrategic or Co-development Partner盛业合作的大型央企之一，提供智慧工地和供应链数字金融服务
• 中国铁路工程集团coreStrategic or Co-development Partner盛业合作的大型央企之一，提供供应链金融服务

Scale indicators19 records

Recent moves12 records

Expansion highlights7 records

Broad incumbents

• Ant Group: China's largest digital financial services group operating MYbank, Ant Credit Pay, and a broad SME lending ecosystem; comparable as a broad incumbent operating Chinese supply chain and SME finance at massive scale, but with a much broader consumer and merchant footprint.
• Yixin Group: Hong Kong-listed (2858.HK) auto-finance fintech serving OEMs, dealers, and consumers; comparable as a Hong Kong-listed Chinese transaction-finance platform with technology-enabled asset-capital matching, though with an auto-vertical focus.
• Lufax Holding: Large China-focused fintech platform historically providing SME and consumer credit; comparable as a broad incumbent in Chinese digital lending, though more diversified and substantially larger than SY Holdings.
• Qifu Technology: NASDAQ-listed Chinese credit-tech platform (QFIN) with AI-driven underwriting and funding partnerships for SMEs and consumers; comparable as a scaled Chinese fintech using data-driven risk models and capital-partner networks.
• JD Technology: Technology arm of JD.com providing supply chain finance, SME lending, and digital finance solutions to JD ecosystem suppliers and external enterprises; comparable as a broad incumbent with deep supply chain finance capability and core-enterprise anchoring.

Direct peers

• Linklogis: Hong Kong-listed (9959.HK) supply chain finance technology platform serving Chinese SMEs and core enterprises with AI-driven asset-capital matching; the closest direct comparable to SY Holdings in business model, customer base, and platform architecture.
• OneConnect Financial Technology: Hong Kong-listed (6638.HK) cloud-native fintech platform providing technology solutions to financial institutions and SMEs; comparable as a regulated Hong Kong-listed Chinese fintech using AI/automation to deliver supply chain and SME financial services.

Regional players

• Xiamen Xiangyu Group: Large Chinese commodities and supply chain conglomerate that co-owns SY Holdings' Xiamen Xiangsheng Commercial Factoring JV; comparable as a supply chain platform with deep B2B trade flows that increasingly uses digital finance to serve suppliers.

Others

• DBS Bank: Singapore-headquartered bank with a leading regional SME and supply chain finance franchise across Southeast Asia; relevant as a regional infrastructure/ecosystem participant competing for the same cross-border SME and going-global China-brand opportunity that SY Holdings is targeting from Singapore.
• Tencent Cloud: Cloud computing arm of Tencent and SY Holdings' strategic technology partner for the 'Smart Construction + Digital Supply Chain' platform; relevant as an enabling technology provider rather than a direct competitor, but key to SY Holdings' AI and infrastructure roadmap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SY Holdings