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CityWalk e-Bike (CWLK) received capacity approval for a planned deployment of 25,000 shared e-bikes in Chengdu and Foshan, China. The plan contemplates 5,000 e-bikes in Chengdu and 20,000 in Foshan, rolled out in three phases over about three years, with an estimated total capital requirement of $15 million. Final governmental approvals and operating permits are still pending and depend in part on CityWalk securing sufficient funding.
Management projects revenue to rise from approximately $3.09 million in Year 1 to $6.41 million in Year 2 and $8.99 million in Year 3 as the fleet scales in both cities. The company is exploring debt and other strategic financing options to support fleet procurement, infrastructure and launch operations. CityWalk currently operates about 4,000 vehicles across three cities and targets tier-two to tier-four cities and other concentrated mobility markets with a platform that integrates shared e-bike hardware, geofencing, telemetry, battery monitoring and AI-assisted fleet management.
CityWalk e-Bike (OTC: CWLK) announced that its wholly foreign-owned enterprise in China, Xiao Gui Zhixing Technology, has entered into a 30-year Exclusive Business Cooperation Agreement, with automatic 30-year renewal, with Henan Xiao Gui Technology, a PRC shared electric bicycle operator. Xiao Gui is appointed Henan’s exclusive provider of technical, consulting, management, marketing, technology-development and equipment-leasing services, and will receive service fees based on service scope and Henan’s operating results. Henan granted Xiao Gui an irrevocable, exclusive option, subject to PRC law, to purchase all or part of Henan’s assets and business at the lowest price permitted. Henan currently operates 4,000 vehicles in three cities and plans to exceed 20,000 vehicles across five to eight cities over 36 months, subject to financing, approvals and market conditions. Management projections indicate potential nearly fivefold revenue growth from Year 1 to Year 3, which are forward-looking and not assured.
CityWalk e-Bike (OTC:CWLK) announced its shares are now publicly traded on the OTC Markets platform under symbol CWLK. The company focuses on electric and hydrogen-powered e-bike technologies for China and global urban mobility markets.
Management plans to commence a PCAOB audit as part of a long-term strategy to pursue an uplisting to the Nasdaq Stock Market, subject to meeting listing, regulatory, governance, and financial requirements.
CityWalk e-Bike (OTCID:CWLK) completed a corporate name change from Starstream Entertainment and begins trading under the new ticker CWLK on May 7, 2026. The company is repositioning toward electric and hydrogen-powered e-bike rental and manufacturing, with a strategic emphasis on China.
CityWalk has started a full financial audit and said it intends to pursue a Nasdaq uplisting, subject to meeting listing standards, governance requirements, and regulatory approvals. Management is evaluating partnerships, supply chain integration, and localized production to support hydrogen mobility deployment.