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Our History
From a pioneering online steel marketplace in China to a global steel supply and processing network, Steel Searcher & Sunrise Steel has grown through innovation, technology, and trusted partnerships. Today, we continue to connect the world's steel industry through digital platforms, smart processing, and cross-border trade solutions.
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With a solid foundation in technology and operations, we are committed to building a connected global steel ecosystem — one that simplifies sourcing, improves efficiency, and drives sustainable growth for our partners worldwide.

2025

Listed on HKEX Main Board March 10, 2025

2024

Set up FatCat Business Unit to Develop E&E Trace

2023

Signed merger agreement with Aquila Raised over USD 64M from PIPE investors Submitted listing application to HKEX

2022

Transaction volume reached 36 million MT

2020

Transaction volume reached 23 million MT

Launch of FatCat Cloud, a proprietary enterprise resource planning system tailored for steel product suppliers

Transformed into an asset platform company through the establishment of a joint venture with a state-owned enterprise to carry out domestic direct sales business

2018

Series E Funding: USD 150M

Series F Funding: USD 60M

Transaction volume reached 8.0 million MT

Co-development with Tencent and launch of TCRM platform, the first B2B transaction SaaS tool for industrial products in China

2015

Series D Funding: USD 95M

2014

Series B Funding: USD 6.4M

Series C Funding: USD 35M

Launch of FatCat Logistics

Tap into international markets

2013

Launch of Steel transaction solutions via digital platform and direct sales

Series A Funding: USD 1.4M

2012

Incorporation of ZG Group

Launch of Zhaogang.com