China Economic Huitong Company is a new enterprise operating with the help of Internet of Things technology and innovative business models. With the "automotive oil aftermarket" as its core, it focuses on the development of the "car owner after-consumption market" and "car service aftermarket". Market", driven by the "e-commerce settlement platform", and actively expanding the "financial service after-market", it is the only comprehensive service provider for the oil terminal market in mainland China, and the only oil terminal market for fleets and individual customers. A modern service brand enterprise that provides complete supply chain management services for logistics, capital flow and information flow. On February 25, 2011, China Guangfa Bank and China Economic Huitong Co., Ltd. jointly issued the first joint credit card in China that combines rebate discounts for gas and consumption - Guangfa China Economic Huitong Co-branded Card.

On June 27, 2012, Huitongbao Co., Ltd., a wholly-owned subsidiary of China Economic Huitong Co., Ltd., was awarded the "Payment Business License of the People's Republic of China" issued by the People's Bank of China.

On August 16, 2012, Lu Xiaorong, member of the Standing Committee of the District Party Committee and Minister of the United Front Work Department, accompanied by the main responsible comrades of Huangpu Street, went to China Economic Huitong Co., Ltd. to conduct corporate research activities.

On October 26, 2012, Guangzhou China Unicom and Huitongbao jointly launched a new mobile payment product - "Wohuitong".

On November 16, 2012, the China Economic Huitong Co., Ltd. Committee of the Communist Party of China was established.