Over the past several months, the urlscan Threat Research Team has conducted extensive research to identify, cluster, and track some of the most impactful Chinese-language phishing-as-a-service (PhaaS) ecosystems operating at a global scale. This research combines large-scale telemetry, infrastructure analysis, and campaign tracking to better understand how these services are structured, operated, and deployed. Beginning May 4th, we will publish a series of linked Threat Intelligence reports foc