Huasuhui

What Huasuhui does

Huasuhui (化塑汇) is a Shanghai-headquartered B2B e-commerce and integrated supply-chain services platform serving the chemical and plastics industry in China. Founded in May 2014 with registered capital of $26.82 million USD, the company operates through a "platform plus supply-chain services" model that consolidates trading, logistics, warehousing, and financial services for upstream and downstream customers in plastics (PC, PA, PMMA, POM, PE, PP, PVC, ABS, PS, EVA), chemicals (ethylene glycol, methanol, styrene, benzene), petroleum products, polyester (PX, PTA, PET), and rubber. Since October 2017 the company has been a subsidiary of Zall Tech (卓尔智联, 2098.HK), a Hong Kong-listed conglomerate.

The platform architecture comprises multiple integrated offerings: the core Huasuhui gateway; the Resource Mall (资源商城, shop.huasuhui.com) for online trading of chemical and plastic raw materials; Smart Data Technology (智数科技) for cloud, AI, big data, and IoT-enabled system integration; the New Supply Chain (新型供应链) for digital supply-chain services using internet, big data, blockchain, and AI; and Sulala (塑拉拉), a WeChat mini-program that uses Beidou navigation, IoT, and big data to match logistics providers and offer GPS-tracked transportation with AIoT-based digital fleet management. Underlying technology spans big data, AI, IoT, GIS, cloud computing, and blockchain, with proprietary features including a digital fleet management platform (AIoT plus GIS), TMS/WMS-enabled warehouse and distribution services, intelligent logistics matching, and a supply chain finance risk control system.

Huasuhui monetizes through three streams: transaction-related fees on the platform's approximately 300 billion yuan in annual settlement, supply-chain financial service fees from banking partners on products including 酷E融 (Ku E Rong, for large traders), 货E融 (Huo E Rong), 邦信贷 (Bang Xin Dai, for plastic and new materials manufacturers), 助塑贷 (Zhusu Dai, for small micro-enterprises, launched June 2020), and 小塑白条 (Xiaosu Baitiao, launched May 2022); and commission on logistics services facilitated through Sulala. The company serves over 70,000 enterprise members, with more than 25,000 downstream chemical and plastic customers actively purchasing through the platform, and has connected bank financial services exceeding 3.6 billion yuan to enterprises. Distribution is supported by branch subsidiaries in 11 Chinese cities including Shanghai, Suzhou, Changzhou, Yuyao, Hefei, Taicang, Ningbo, Wuhan, Qingdao, Dongguan, Fushun, and Jiashan, with primary marketing channels being WeChat ecosystem assets, the company website, and the e-commerce storefront.

Name

Huasuhui

Legal name

Shanghai Plastics E-Commerce Co., Ltd. (上海塑盛电子商务有限公司)

Website

https://huasuhui.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Huasuhui is a Shanghai-based B2B e-commerce and supply chain services platform serving China's chemical and plastics industry with integrated trading, digital logistics, and finance products. A subsidiary of Zall Tech (2098.HK), it serves 70,000+ enterprise members and processes approximately 300 billion yuan in annual settlements.

Ownership category

akta.pro rank

Product category

B2B Chemical E-commerce

NAICS

Freight Transportation Arrangement (488510), Warehousing and Storage (493)

SIC

Arrangement Of Transportation Of Freight & Cargo (4731), Public Warehousing & Storage (4220)

akta.pro primary industry

Chemicals, Ingredients & Raw Materials Marketplaces (CRAFAHAK)

Keywords

• Chemical raw materials trading
• Plastic industry e-commerce
• Supply chain finance services
• Industrial digital logistics
• B2B chemical marketplace

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices11 records

Markets served

GTM type

B2B

Offering type

Digital Commerce or Content

Cost components

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

Revenue model

1. Platform Transaction Settlement (平台交易结算): Platform facilitates transactions between chemical and plastic industry上下游客户, with annual settlement amount of nearly 300 billion yuan. Revenue derived from transaction processing and platform fees.
2. Supply Chain Financial Services (供应链金融服务): Products including 酷E融 (credit facility for large traders), 助塑贷 (for small micro-enterprises), and 邦信贷 (for manufacturing). Banks provide the actual financing while platform earns service fees for credit assessment and matching.
3. Digital Logistics Services (数字物流服务): AIoT and GIS-enabled logistics services through 塑拉拉 WeChat mini-program. Platform facilitates logistics matching and takes commission from logistics service providers.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Huasuhui (化塑汇) operates a B2B e-commerce and integrated service platform for the chemical and plastic industry in China, connecting upstream suppliers with downstream buyers of plastics, chemicals, oils, polyesters, and rubber. The platform combines an online Resource Mall for trading with supply chain finance products, digital logistics services via the Sulala WeChat mini-program, and smart data technology infrastructure to support transactions, financing, warehousing, and transportation across the industry value chain.

Product overview

Huasuhui (化塑汇) operates as a chemical and plastic industry integrated service platform under Zhuoer Zhilian (2098.HK), founded in 2014 with headquarters in Shanghai. The platform architecture consists of multiple integrated offerings: the core 化塑汇 platform serves as the main gateway, supported by 资源商城 (Resource Mall) for online trading of plastics, chemicals, oils and polyesters, 新型供应链 (New Supply Chain) for intelligent supply chain services, 智数科技 (Smart Data Technology) for digital technology integration, and 塑拉拉 (Su La La) for logistics transportation. Financial services include 助塑贷, 小塑白条 for SME financing, and 酷E融, 货E融, 邦信贷 for larger enterprises. The platform connects over 70,000 enterprise members and processes approximately 300 billion yuan in annual settlements.

Differentiator

Problem solved

Functional benefit

Brands

• Sulala (塑拉拉): WeChat mini-program for plastics and chemical logistics transportation services, integrating logistics providers to offer transportation options for plastic industry customers with real-time tracking and digital visualization.
• Zhusu Dai (助塑贷)
• Ku E Rong (酷E融)
• Huo E Rong (货E融)
• Bang Xin Dai (邦信贷)
• Xiaosu Baitiao (小塑白条)

Products and services

• Resource Mall (资源商城) Online marketplace for trading plastic and chemical raw materials including plastics (PC, PA, PMMA, POM, PE, PP, PVC, ABS, PS, EVA), chemicals (ethylene glycol, methanol, styrene, benzene), petroleum products (gasoline, diesel, asphalt, fuel), polyesters (PX, PTA, PET), and rubber. Enables enterprises to browse products, place orders, and complete procurement.
• Sulala (塑拉拉) Logistics Platform WeChat mini-program for plastic raw material logistics transportation, integrating logistics providers to offer transportation options with IoT sensing, Beidou navigation, and visual tracking of vehicle and cargo information. Enables smart pricing, route optimization, and carrier matching.
• New Supply Chain Platform (新型供应链) Digital intelligent supply chain service platform using internet, big data, blockchain, and AI technologies to provide intelligent supply chain services for the chemical industry, with financial institution participation in the transaction process.
• Smart Data Technology (智数科技) Digital technology service system integrating new supply chain, warehousing, and logistics capabilities for the chemical and plastic industry, enabling digital connectivity between banks, upstream and downstream customers. Includes warehouse distribution services powered by TMS/WMS systems, IT system services using cloud computing, AI, big data, and IoT, and resource trading services.
• Ku E Rong (酷E融) Credit-based supply chain finance product for large plastic industry traders and factories with 1-year credit period and 6-month single loan period, featuring no collateral requirement, no guarantee, on-demand borrowing, and daily interest calculation.
• Huo E Rong (货E融) Supply chain finance product for large plastic industry traders and production enterprises with maximum 6-month single loan period, featuring online application, convenient procedures, on-demand borrowing, and dynamic cargo exchange.
• Bang Xin Dai (邦信贷) Pure credit supply chain finance product for traders and production enterprises in the plastic and new materials manufacturing industry, featuring no collateral, no guarantee, and fully online operation.
• Zhu Su Dai (助塑贷) Supply chain finance product tailored for small and micro enterprises in the plastic industry, providing accessible credit financing solutions.
• Xiao Su Bai Tiao (小塑白条) Credit product launched in May 2022 for plastic industry customers on the Huasuhui platform.

Quantifiable outcome

• Nearly 300 billion yuan annual settlement amount
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• 晟昊达 (Shenghaoda)minorStrategic or Co-development Partner · 1 October 2024Joint Yunnan substrate pot project launched in October 2024, expanding into new industry applications
• 双巍 (Shuangwei)coreStrategic or Co-development Partner · 1 August 2023Joint partnership to build the first digital recycled plastic cloud factory, combining platform digital capabilities with manufacturing expertise
• 鸿网电商 (Hongwang E-commerce)coreStrategic or Co-development Partner · 1 December 2019Acquisition of Hongwang E-commerce expanded platform capabilities and customer base in December 2019
• 卓尔集团 (Zall Group)coreStrategic or Co-development Partner · 1 October 2017Strategic acquisition agreement signed in October 2017; Zall Group (2098.HK) is the parent company, providing backing as a listed company and ecosystem resources

Scale indicators7 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Zhenkunhang (震坤行): Chinese industrial MRO and raw materials B2B e-commerce platform with supply chain services — comparable in offering digital procurement, supply chain finance, and logistics services to enterprise manufacturing buyers.
• ChemNet (化工网): Established Chinese chemical B2B information and trading platform serving chemical manufacturers and buyers — overlaps directly with Huasuhui's chemical trading marketplace and customer segments.
• ChemicalBook (化工字典): Chinese chemical information and B2B platform providing chemical product data, supplier directories, and trading services — overlapping chemical marketplace functionality for enterprise buyers.
• LookChem: Chemical B2B platform focused on chemical product search, trading, and supplier/buyer matching — comparable in offering chemical product marketplace services to enterprise buyers.
• Zhaogangwang (找钢网): B2B commodity marketplace using a similar platform + supply chain finance + logistics model for steel trading — directly comparable business model applied to industrial commodities, offering a benchmark for Huasuhui's trajectory.
• OKCHEM: Cross-border-leaning chemical B2B platform connecting Chinese chemical suppliers with overseas buyers — comparable product category (bulk/specialty chemicals) and B2B trading model.
• MoguChemicals (摩贝化学): One of China's largest chemical B2B e-commerce platforms, offering online chemical trading, supply chain finance, and logistics services — directly comparable in customer base, product categories, and integrated service model to Huasuhui.

Broad incumbents

• 1688.com (Alibaba B2B): Alibaba's flagship domestic B2B marketplace covering virtually all product categories including chemicals and plastics — overlapping customer base but as a horizontal generalist rather than chemicals specialist.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

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 Huasuhui