Xingyun

Xingyun (行云集团) is a Chinese digital supply-chain platform for consumer goods, positioned as a "digital e-commerce supply-chain middle office" that connects production, sales, and distribution . In April 2021 it raised roughly $600 million in a Series C2 round led by Yunfeng Capital, with co-leads Cathay Capital and Harvest Investment, and follow-on participation from existing investors including 5Y Capital and Matrix Partners China . 5Y Capital, an early backer, described the company as the "critical central nervous system" for improving overall e-commerce delivery efficiency as brands and traffic sources fragment . The company has since pursued overseas expansion—its VP Zeng Ying joined a 5Y Capital founder gathering in Jakarta in October 2022 to discuss Southeast Asia strategy —and struck partnership deals with Huawei and kitchen-appliance maker Jiesai in 2023 . Founder Ji Yu was born in 1994 or 1995 and was 30 years old as of mid-2024, when 暗涌Waves profiled him among a cohort of young founder-scientists .