AST was established in Shanghai in 2016 as a raw materials broker, facilitating large volume transactions of plastics and metals. Peak moved away from the raw materials brokerage business in 2017, and AST’s operations were effectively suspended. In 2019, Peak’s Gold River product procurement platform, originally used by AST for materials trading, was re-purposed and AST re-positioned as a supply-chain-related products broker, using the platform to facilitate transactions specifically between supply-chain participants. AST’s services are seen as complimentary to ASSC’s service offering to the supply-chain by adding product procurement capabilities to an already comprehensive offering, spanning from logistics to financing.
AST’s Gold River platform was re-purposed in 2019 to facilitate supply-chain related transactions