XTransfer has announced that its global enterprise client base has surpassed 700,000.

The company attributes this milestone to the increasing demand from SMEs for secure and compliant cross-border financial solutions.

Speaking at the 01VC CEO Summit 2025, XTransfer Founder and CEO Bill Deng said,

“Today, for every 100 RMB in Chinese exports, 2 RMB are settled through XTransfer, and one-tenth of SME foreign trade enterprises have registered on our platform. With access to firsthand data insights, we are uniquely positioned to capture shifts in global trade flows.”

Deng noted that ongoing trade tensions have prompted many Chinese exporters to revisit their global market strategies.

“Digitalisation is accelerating the redistribution of global trade. While the share of the US market declines, emerging markets in Southeast Asia and Africa are rapidly absorbing this growth. Markets in Africa, Southeast Asia, and Latin America are becoming the ‘blue ocean’ for Chinese enterprises expanding globally.”

According to internal data, over 70% of clients on the platform in the first half of 2025 exported to Asia, Africa, or Latin America.

The value of payments received from these regions doubled compared to the same period in 2024.

XTransfer also hosts the TradeVision Summit, billed as China’s largest foreign trade conference, drawing more than 3,000 in-person attendees and over 2 million online viewers each year.

“For the past three years, the primary theme of this conference has been how to discover emerging markets beyond the US,”

said Deng.

“The opportunities in these markets are enormous, and by establishing a presence now, companies will enjoy a first-mover advantage over the next decade.”

Deng added that digital adoption has accelerated globally following the pandemic, further enabling the expansion of Chinese industrial supply chains.

“Businesses must go global, particularly by focusing on less developed countries, to capture the new dividends brought by digital integration. This is why we fully support our clients in accelerating their diversification into multiple markets,”

he said.

XTransfer plans to continue upgrading its digital platform and building a global localised service network to support SMEs in navigating overseas markets securely and efficiently.

Featured image credit: XTransfer