May 2026
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Largest B2B SaaS Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Alibaba Group, Baidu, HiThink, Kingsoft Office Software and iFlytek.
 | Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China retail e-commerce platform is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China wholesale e-commerce, international retail and wholesale e-commerce, local consumer services, travel services, cloud computing, digital media and entertainment, Cainiao logistics services, and other businesses. | $17 | +19% | $321B | $315B | 2.1x | 11.5x | ||
| Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 70% of core revenue from online marketing services from its search engine in 2024. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving. | $17 | +61% | $47B | $43B | 2.3x | 9.5x | ||
| Hithink RoyalFlush Information Network Co Ltd is engaged in providing Internet financial information services and online financial software. The company's business includes an online market trading system, mobile financial information service, fund sales, financial big data processing, and cloud services. It serves individuals, brokers, funds, private placements, banks, insurance, government, and research Institutional clients. | $33 | -16% | $25B | $24B | 27.1x | 45.9x | ||
| Beijing Kingsoft Office Software Inc is engaged in the design, development, sales, and promotion of WPS Office office software products and services. The Company’s products are compatible with many operating systems, including Windows, Linux, macOS, Android, and iOS. | $39 | -5% | $18B | $18B | 20.1x | 57.7x | ||
| Iflytek Co Ltd is a China-based company, principally engaged in the software and information technology (IT) service businesses. The company’s business includes intelligent application systems, software for voice and speech recognition and conversion, computer software design services, and computer programming services. The company's main products include AI language learning products, AI learning machines, AI diagnosis and treatment assistant products, smart medical devices, the iFLYTEK Hearing Smart Conference System, the iFLYTEK Spark App, the iFLYTEK Smart Office Book, the iFLYTEK Translator, and others. | $7 | +3% | $17B | $18B | 4.5x | 38.4x | ||
| Shanghai United Imaging Healthcare Co Ltd provides customers with high-performance medical imaging equipment, radiotherapy products, life science instruments, and medical digitalization and intelligent solutions. The company’s products include MRI systems, CT scanners, X-ray imaging equipment, molecular imaging systems, radiotherapy linear accelerators, and life science instruments. | $17 | -6% | $14B | $13B | 6.5x | 35.4x | ||
| 360 Security Technology Inc is engaged in the research and development of Internet security technology, design, development, and promotion of Internet security products, as well as commercial services such as Internet advertising and services based on Internet security products, Internet value-added services, and smart hardware services. The company operates through two segments. The Internet and Smart Hardware Business segment covers Internet commercialization, such as advertising and services, value-added Internet businesses like AI products and game distribution, and smart hardware, including cameras, video doorbells, driving recorders, and children’s smartwatches. The Security Business segment focuses on digital security operations. | $2 | +3% | $11B | $8B | 6.0x | 45.9x | ||
| JD Logistics, owned by leading China e-commerce company JD.com, is a technology-driven supply chain solutions and logistics services provider in China. It offers a full spectrum of supply chain solutions and logistics services, ranging from warehousing to distribution, spanning manufacturing to end customers, covering regular and specialized items. JDL services include formulating and executing supply chain strategies. Customers come from a wide array of industries, such as fast-moving consumer goods; apparel; home appliances; home furniture; computers, consumer electronics, and communications; automotive; and fresh produce, among others. | $2 | +3% | $11B | $10B | 0.3x | 3.1x | ||
| Full Truck Alliance Co Ltd, through its subsidiaries, provides comprehensive services for shippers and truckers through its mobile and website platforms. Its principal operations are in the People's Republic of China. The group derives its revenues principally from shippers and trucker's use of its platforms in connection with freight matching services and value-added services. | $10 | -19% | $10B | $7B | 3.9x | 11.0x | ||
| Zhuzhou CRRC Times Electric Co Ltd is in the R&D, design, manufacturing, and sales of rail transit equipment products and the provision of related services, and has an industrial structure of components, systems, and complete machines. Its products mainly include rail transit electrical equipment, railway engineering machinery, communication signal systems, and others. Meanwhile, the Company actively expands to industries other than rail transit, and conducts business in the fields of power semiconductor devices, industrial converter products, electric drive systems for new energy vehicles, sensor devices, and marine equipment, The Company operates in the domestic market and overseas markets. | $7 | +33% | $10B | $10B | 2.4x | 11.5x | ||
| SenseTime Group Inc is a software company focused on creating an AI-empowered future through innovation. The company develops software & hardware products for different industry verticals and use cases based on the same AI infrastructure platform & model training framework. The principal activities of the Group are the sale of AI software, the sale of AI software platforms & related services, the sale of AI software-embedded hardware and related services, AIDC service as well as research and development activities with AI technology. The Company is domiciled in the Cayman Islands while the Group mainly operates its businesses in four geographical areas of the world Mainland China, Northeast Asia, Southeast Asia, and others, out of which the majority is from Mainland China. | $0 | +21% | $9B | $8B | 11.1x | (260.3x) | ||
| Empyrean Technology Co Ltd is engaged in the development, sales, and related services of EDA tool software for integrated circuit design and manufacturing. It also provides technology development and foundry design enablement services, serving the IC design, manufacturing, and packaging sectors. | $16 | -13% | $8B | $8B | 42.6x | 284.0x | ||
| Beijing Compass Technology Development Co Ltd is the provider of professional financial data analysis and securities investment advisory services. The company is a securities analysis software developer and securities information service provider in China. | $13 | +13% | $8B | $6B | 19.8x | 135.5x | ||
| GDS Holdings started as an IT service provider in 2001 then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. Its data centers are located predominantly in and around the Tier 1 cities in China and it has also started an expanding into Southeast Asia via the now 38% owned DayOne. GDS listed on the Nasdaq in 2016 and completed a secondary listing in Hong Kong in 2020. | $5 | +22% | $7B | $13B | 7.5x | 14.1x | ||
| Shanghai Baosight Software Co Ltd is a Chinese software company that develops automation and software tools for various industries. The company operates through three segments: the Software Development and Engineering Services segment, the System Integration segment, and the Service Outsourcing segment. Its operations span across areas such as information technology, industrial automation, robotics, intelligent transportation, and information infrastructure. The company’s offerings are mainly applied in sectors including steel, non-ferrous metals, chemicals, mining, new materials, renewable energy, metalworking, equipment manufacturing, urban transit systems, and infrastructure development. | $3 | -13% | $7B | $7B | 4.3x | 24.2x | ||
| Hundsun Technologies Inc provides financial software and network services in China. It offers integrated solutions and services to institutions in the securities, futures, funds, trust, insurance, banking, exchange, and private placement sectors. Its main businesses include wealth technology services, asset management technology services, risk and platform technology services, data services business, innovation business, corporate finance and insurance core, and financial infrastructure technology services, as well as other businesses. | $4 | -26% | $7B | $6B | 7.5x | 29.2x | ||
| Yonyou Network Technology Co Ltd with its subsidiary, is engaged in technology development, technical consulting, hardware, and peripheral equipment; property management; sales of computer software, hardware, and peripheral equipment; design, production, and others. The company also offers training programs. | $2 | -14% | $6B | $6B | 4.4x | 181.4x | ||
| Wangsu Science & Technology Co Ltd is a China-based company engaged in the provision of telecommunication value-added services. It is mainly engaged in the provision of a content delivery network (CDN) services, Internet data center (IDC) services, and cloud service integrated solutions. The company operates its business in domestic and overseas markets. | $2 | +44% | $6B | $5B | 6.6x | 29.3x | ||
| Geovis Technology Co Ltd is engaged in provision of digital earth products and technology development services. The technology of remote sensing, geographic information system, satellite positioning and navigation, virtual reality, and other independent research and development of the company digital earth products have a position in the domestic digital earth industry. The company provides software sales and data services, technology development services, digital earth integrated machines and system integration with GEOVIS digital earth products as the core for users in the government, enterprises and special fields. | $7 | +29% | $5B | $6B | 14.0x | 121.9x | ||
| Wuhan Dameng Database Co Ltd is engaged in providing a series of database products and related technical services such as various database software and cluster software, cloud computing and big data products, and database all-in-one machines. Its products include DM8 & Cluster Software, DMRWC, DMDataWatch etc. Its products are used in industries including finance, energy, aviation and communications. | $45 | +39% | $5B | $5B | 24.2x | 51.3x | ||
| Jiangsu Hoperun Software Co Ltd provides software outsourcing services for professional fields. Its main products include supply chain management software, intelligent terminal embedded software, and smart grid IT software outsourcing services. | $6 | -14% | $5B | $5B | 8.8x | 122.2x | ||
| State Grid Yingda Co Ltd, formerly Shanghai Zhixin Electric Co Ltd specializes in the development, production and sale of amorphous alloy transformers in China. | $1 | -- | $4B | $683M | 0.4x | 1.0x | ||
| XtalPi Holdings Ltd is an research platform company powered by artificial intelligence (AI) and robotics. It is dedicated to driving intelligent and digital transformation in the life sciences and materials sciences sectors. The company combines quantum physics, AI, cloud computing, and large-scale robotics to provide research & development solutions, services, and products for pharmaceuticals, biotechnology, renewable energy, and materials industries globally. The company has single segment that is intelligent robotics solutions and drug discovery solutions (including one-stop drug discovery solutions). | $1 | +38% | $4B | $3B | 28.9x | 89.2x | ||
| Shenzhen Fortune Trend Technology Co Ltd is engaged in research and development of securities analysis systems and computer communication systems. It provides securities investment analysis system for securities institutions and investors under the brand Tongdaxin. Tongdaxin's well-known online trading products are: China Merchants Securities Zhiyuan One Account, Guoxin Securities Golden Sun Edition, CITIC Securities Zhixin All-rounder, GF Securities Financial Terminal, Galaxy Securities Neptune, Guotai Junan Securities Fuyi, among others. | $17 | +2% | $4B | $4B | 72.2x | 75.8x | ||
| Thunder Software Technology Co Ltd is a China-based smart device operating system and platform technology provider. It provides smart device operating system solutions to consumers as well as enterprises. The company offers solutions for smartphones, tablets, smart TVs, camera solutions, mobile device management systems, application development platforms, and mobile security solutions. In addition, it also offers services such as carrier certification, Android OS upgrade, application development and maintenance, OS customization, and others. | IoT+1 | $9 | +13% | $4B | $4B | 3.5x | 25.3x | |
| Kingsoft Cloud Holdings Ltd is an independent cloud service provider in China. It provides integrated cloud-based services including cloud computing, storage, and delivery. Its products and services are Security, Database, Data Analysis, Networking, and others. Its solutions are medical, government affairs, finance, media, education, gaming, Vehicle solutions, and others. | $1 | +9% | $4B | $4B | 3.1x | 14.5x | ||
| Pateo Connect Technology (Shanghai) Corp is a smart cockpit solution provider in China. The company is a integrated IoV service provider offering active safety systems, automotive electronics, low-level automotive software, intelligent operating system (OS), application software, domestic & international Internet automobile ecosystem, mobile phone connectivity, communications operation, TSP platform development & operation services, cloud computing, big data, content services integration & operation, map engine software & cloud architecture, embedded voice & cloud platform solutions, to AI (Artificial Intelligence). | $28 | -- | $4B | $4B | 8.1x | (30.9x) | ||
| Easy Click Worldwide Network Technology Co Ltd is committed as a global intelligent data-driven marketing service profession to provide results-driven services included performance marketing, brand building and industrial solutions integrating. The company's clients is involved in wide range industries of E-commerce, tool applications, information dissemination, games and other pan-entertainment applications. | $7 | +72% | $4B | $4B | 6.6x | 118.4x | ||
| Kingdee International Software Group Co Ltd is engaged in cloud services, including enterprise cloud services, small & micro business finance cloud services, and industry cloud services; and enterprise resource planning business, including development and sales of software products. It has three operating segments; Cloud services business Including enterprise cloud services, small & micro business finance cloud services, and industry cloud services, ERP business and others including sales of software and hardware products, provision of software implementation, software solution consulting, maintenance, upgrade and other supporting services, and others, and Investment Properties operating business include the Operation of investment properties. | $1 | -42% | $4B | $3B | 3.4x | 34.0x | ||
| Digital China Group Co Ltd is a China-based integrated IT service provider. It is engaged in the business activity of providing services which include product marketing, capital logistics, localized technical support, large data services and cloud computing infrastructure. | $4 | -30% | $4B | $6B | 0.3x | 30.0x | ||
| Wuchan Zhongda Group Co Ltd is engaged in industrial investment, equity investment, asset management, investment management, management consulting, information consulting services. It is also engaged in car sales and leasing, e-commerce technology services, used car transactions and services. | $1 | -- | $4B | $8B | 0.1x | 5.3x | ||
| GRG Banking Equipment Co Ltd is engaged in the development and manufacturing of automated teller machines. Its business covers many more areas, such as smart transportation solutions, public security with AI technologies like biometric identification, image, and video analysis, and big data. Its products and services consist of financial self-service solutions, including retail solutions, branch automation, cash sorting machines, OEM modules, and terminal equipment. | $2 | -22% | $4B | $2B | 1.3x | 9.9x | ||
| Beijing Sinnet Technology Co Ltd is a professional data center and cloud computing service provider in China. The company's main business is Internet data center services (IDC and its value-added services), cloud computing services, Internet broadband access services (ISP) and other Internet integrated services. | $2 | -4% | $4B | $4B | 4.0x | 26.1x | ||
| DHC Software Co Ltd is a China-based software enterprise. It offers software and information technology services. The company is principally engaged in providing Application Development and Maintenance (ADM), Computer Information System Integration and other IT-related services in China. | $1 | -20% | $4B | $4B | 2.2x | 31.5x | ||
| TravelSky Technology Ltd provides information technology solutions for aviation and travel companies in China. The company develops commercial airlines, airports, air travel products, and is a services supplier to travel agencies, corporate clients, travelers, and cargo shippers--to conduct electronic transactions and manage travel-related information. The core businesses of the company include aviation information technology services, distribution of information technology services, and clearing & accounting & settlement services for the aviation industry. Aviation information technology service revenue contributes approximately half the company's total revenue. | $1 | -12% | $3B | $2B | 1.3x | 3.5x | ||
| Shenzhen Intellifusion Technologies Co Ltd is engaged in providing customers with self-developed core products such as algorithm software and chips with artificial intelligence algorithms and chip technology as the core products. The company’s products include chip products; modules and cards; and IP licensing and customization services. | $10 | +33% | $3B | $3B | 16.2x | (1342.3x) | ||
| Beijing Shiji Information Technology Co Ltd is an information technology company based in China. It is engaged in the development of software solutions serving mainly hotel, food and beverage, retail, and leisure and entertainment sectors. Shiji provides branded chain stores with complete management solutions and department store solutions which include investment management system, ERP, CRM, visual counter system, mobile POS and cloud platform. In addition, Shiji provides installation, certifications and after-sales service for a variety of hardware including servers, point of sale equipment and printers. | $1 | -1% | $3B | $3B | 7.0x | 74.4x | ||
| Servyou Software Group Co Ltd is a comprehensive service provider of fiscal and taxation information in China. It offers tax system development and operation and maintenance for tax authorities, and provides comprehensive Internet financial and taxation services for taxpayers and financial and tax intermediaries with the Yiqiying brand. | $8 | +29% | $3B | $3B | 10.5x | 79.2x | ||
| VNET started as AsiaCloud in 1999 and moved into the data center business, opening its first self-developed data center in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of September 2025, it had 52,288 retail cabinets, with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 783 MW of wholesale capacity in service, with a further 306 MW under construction and a further 705 MW held for future development. | $11 | +56% | $3B | $6B | 4.2x | 13.4x | ||
| Newland Digital Technology Co Ltd, formerly Fujian Newland Computer Co Ltd is an IT products and services provider in China. It provides solutions for barcode recognition, financial payment, mobile and other communications, traffic information and internet finance activities. The company offers barcode recognition technology, POS machines for electronic financial payment, intelligent transportation solutions, cloud computing and big data services, online to offline two-dimensional code marketing services and other solutions. In addition, it provides solutions which integrates software development, hardware manufacturing and system integration in the field of food safety. | $3 | -37% | $3B | $2B | 1.8x | 11.2x | ||
| East Buy Holding Ltd is a live-streaming platform that focuses on selecting premium products for customers. The company operates in three reportable segments: Private Label Products and Livestreaming E-Commerce, College Education, and Institutional Customers. The majority of its revenue comes from private label products and the direct e-commerce segment, i.e., direct online commerce with private label products sold to individual customers and providing commission services. | $3 | +89% | $3B | $2B | 3.4x | 134.1x | ||
| Shanghai DZH Ltd operates as an Internet financial information service provider in China. It offers professional financial data and data analysis services. It also provides non-investment consulting and agency-specific software products. In addition, the company offers financial information integrated services internationally. | $1 | -- | $3B | $3B | 22.3x | 990.2x | ||
| Beijing Haizhi Technology Group Co Ltd focuses on developing intelligent agent technologies and artificial intelligence solutions based on graph computing and model integration technologies. Its products are used in finance, energy, manufacturing, transportation, healthcare, and public services. The company operates as a high-technology enterprise principally engaged in provision of: (i) Atlas graph solutions, which include a data management and computing platform, a knowledge graph platform, and a graph database based on graph computing and data analysis technologies; and (ii) Atlas AI agent solutions developed using graph and large language model integration technology. The majority of the revenue is derived from the Atlas Graph Solutions. | $7 | -- | $3B | $3B | 30.4x | (95.6x) | ||
| Business-intelligence of Oriental Nations Corp Ltd is a China-based big data technology company. It has created a big data core for big data collection, aggregation, processing, storage, analysis, mining, application, and management. The products and services of the company include Big data product, Big data operation, and System integration and operation and maintenance. | $2 | +51% | $3B | $3B | 7.9x | 57.4x | ||
| Qi An Xin Technology Group Inc provides a new generation of enterprise-level network security products and services to government and corporate customers. | $4 | -19% | $3B | $3B | 4.5x | (21.7x) | ||
| WeRide Inc operates in the autonomous driving industry. The company has developed a universal autonomous driving technology platform that integrates full-stack software algorithms, modularized hardware solutions, and a cloud-based infrastructure platform. The company provides autonomous driving products and services from L2 to L4 vehicles. The products of the company includes Robotaxi, Robobus, Robovan, Robosweeper, and others. The company earns its revenue from the People's Republic of China. | $8 | +3% | $3B | $2B | 18.0x | (8.4x) | ||
| Ucloud Technology Co Ltd is a neutral and secure cloud computing service platform. The company independently researches and develops a series of cloud computing products such as IaaS, PaaS, big data circulation platform, and AI service platform. It provides public cloud, private cloud, hybrid cloud, and private cloud. Comprehensive industry solutions. | $6 | +75% | $3B | $3B | 10.4x | 83.3x | ||
| Xiamen Xiangyu Co Ltd provides supply chain and circulation services in the People's Republic of China. It supplies plastic chemicals, agricultural products, metallic ores, forest products, and mechanical and electrical products. The company also offers various integrated logistics services comprising the international purchase and distribution, international multimodal transport, domestic door-to-door logistics and financial logistics. | $1 | -- | $3B | $3B | 0.1x | 4.5x | ||
| Venustech Group Inc is a provider of network security products, trusted security management platform, as well as specialized security services and solutions in China. | $2 | -8% | $3B | $2B | 7.1x | (47.9x) | ||
| Glodon Co Ltd provides information technology services and solutions to the construction industry. It is engaged in utilizing BIM and digital technologies such as big data, IoT, mobile internet, and industry AI to provide the construction industry with digital building full lifecycle solutions based on specialized applications in the construction engineering field, thus helping the construction industry transform and upgrade. The products and services provided by the company are Architecture Design, Integrated Solution, Infrastructure Design, Integrated Solution, 5D BIM Digital Cost Management Solution, Client-Cloud Big Data Integrated Solution, Digital Construction Solution, and Others. | $1 | -23% | $2B | $2B | 2.1x | 13.2x | ||
| Transwarp Technology (Shanghai) Co Ltd provide basic software and services for the entire data life cycle of data integration, storage, governance, modeling, analysis, mining and circulation. | $20 | +199% | $2B | $2B | 36.4x | (80.7x) | ||
| Damai Entertainment Holdings Ltd is a technology-powered entertainment company rooted in real-world experiences. While delivering premium films and performances, it harnesses technology to craft inventive experiences for the cultural and entertainment industry, offering users high-quality real-world entertainment. It stands as a full-fledged real-world entertainment platform with businesses spanning content production, marketing and distribution, live performances, IP licensing and integrated operations, as well as cinema ticketing management and data services. | $0 | -33% | $2B | $1B | 1.4x | 22.7x | ||
| Lufax Holding Ltd is principally engaged in core retail credit and enablement business to both borrowers and institutions in the People's Republic of China (the PRC). The company address the large unmet demand for personal lending among small business owners as well as salaried workers in China and provides tailor-made wealth management solutions to China's middle class and affluent population. | $3 | +0% | $2B | $13B | 3.2x | - | ||
| Beijing Jetsen Technology Co Ltd is engaged in the design, development, and implementation of the overall audio and video solutions. It mainly focuses on the broadcasting industry. | $1 | +10% | $2B | $2B | 6.2x | 9.6x | ||
| Beijing Ultrapower Software Co Ltd is an IT operations and maintenance service provider in China. It offers enterprise-oriented IT consulting, solutions, software products, and project implementing and operation services. The company focuses on the use of information technology to promote industrial development and social progress and improve people's work and life quality. | $1 | -31% | $2B | $2B | 2.2x | 10.5x | ||
| Shanghai Suochen Information Technology Co Ltd takes simulation to lead the future, achieve customer innovation as its corporate vision, and develops engineering simulation software and related solutions independently. Suochen Technology is a high-tech enterprise focusing on CAE software R&D, sales and service. Computer Aided Engineering (CAE) refers to the use of computer software to simulate the working status and behavior of products/engineering projects based on physical models in the product/engineering design stage to predict their functional availability, reliability, efficiency and safety. performance, etc., to achieve product/engineering design optimization, to ensure that the product/project achieves the expected function and meets various performance indicators. | $25 | +138% | $2B | $2B | 29.9x | 139.0x | ||
| TRS Information Technology Co Ltd is a provider of artificial intelligence and big data technology and data services in China. The core business of a company includes software product development, industry application solutions and data analysis and mining cloud services, covering big data management, information security, Internet marketing and artificial intelligence. | $2 | -7% | $2B | $2B | 26.3x | 644.5x | ||
| Transfar Zhilian Co Ltd is engaged in the production and sale of specialty chemicals used in textile printing and dyeing, leather, building materials and water treatment. | $1 | -- | $2B | $4B | 1.0x | 14.0x | ||
| Xinhua Winshare Publishing & Media Co Ltd is engaged in integrated cultural operations specializing in the creative content production of publications, education services, cultural consumption services, supply chain services, and capital operation. Its activities are editorial and publishing of publications, sales of publications in physical stores and the internet, distribution of textbooks and supplementary materials, education information and equipment services, etc. It is through two operating segments; the Publication segment, which includes publishing books, periodicals, and audiovisual products, and the Distribution segment, which comprises the distribution of textbooks and supplementary materials. The group generates a majority of its revenue from the Distribution segment. | $2 | -11% | $2B | $833M | 0.5x | 3.0x | ||
| CloudWalk Technology Co Ltd is engaged in the provision of efficient human-machine collaborative operating systems and industry solutions. It is a man-machine coordination platform, that provides users with cross-scene, cross-industry and personalized AI services, in the hope of building a more harmonious and warmer intelligent future. | $2 | -2% | $2B | $2B | 26.9x | (27.6x) | ||
| Aisino Corp is a technology company specializing in information security. Its products and solutions are used in the fields of finance, education, customs, public security and urban services. The company provides solutions such as dedicated taxation equipment, public safety solutions, intelligent emergency, intelligent warehouse and logistics, border crossing security monitoring system, intelligent asset management solution, financial payment solutions and others. | $1 | -18% | $2B | $1B | 1.4x | (42.0x) | ||
| Longshine Technology Group Co Ltd is engaged in the provision of software and IT services for the power and electricity industry. Its range of solutions in new energy and smart grid areas are electric vehicle smart charging service network operation management system; enterprise energy efficiency management system; wind power centralized monitoring system; smart electric substation; and mobile internet payments through Alipay. | $2 | -46% | $2B | $2B | 2.8x | 47.4x | ||
| Weaver Network Technology Co Ltd is a China based company engaged in developing collaborative management software. The product system provided by the company includes cloud office platform, mobile platform e-mobile, collaborative management application platform, and collaborative office standard edition, among others. It also offers information portal solution, cost control management solution, group management solution, target performance management solution. | $6 | -23% | $2B | $2B | 5.3x | 37.4x | ||
| Wasu Media Holding Co Ltd is a China-based company, engages in the Internet, media, and cable television industry services. It offers interactive TV, mobile TV, Internet TV and Internet audio-visual content, technical services, and operations. It also offers cable television, digital television network, digital communications, advertising, and media information services. The company operates throughout China. | $1 | -11% | $2B | $971M | 0.7x | 4.4x | ||
| Harbin Boshi Automation Co Ltd is engaged in manufacturing robots and automated equipment and system solutions in China. The company's main products and services include industrial robots, automated equipment, and system solutions, and provides related value-added services. The products are mainly used in the post-processing of solid materials in petrochemical, coal chemical, salt chemical, fine chemical, fertilizer, metallurgy, logistics, food, feed, and other industries. | $2 | -- | $2B | $2B | 4.0x | 13.0x | ||
| China TransInfo Technology Co Ltd operates as an intelligent transportation operator and traffic data service provider. The company offers its solutions for the urban transportation, highway transportation, rail transportation, civil aviation, water transportation, and other fields. | $1 | -14% | $2B | $1B | 1.1x | 12.7x | ||
| Shenzhen Kingdom Sci-tech Co Ltd operates as a financial technology company in China. It offers software in the fields of securities, funds, banking, futures, insurance, trust, integrated finance, and regulatory agencies. | $2 | -30% | $2B | $2B | 4.7x | (224.5x) | ||
| CETC Cyberspace Security Technology Co Ltd is a China-based company that offers security-related products and services. It provides professional and autonomous network information security solutions, products, and services. It offers password products, network security products, and security information systems. The group is committed to building a life-cycle security solution from chip to system for a party and government users. | $2 | -21% | $2B | $1B | 4.2x | 61.3x | ||
| Yusys Technologies Co Ltd is engaged in providing bank-oriented financial institutions with information services, such as consulting, software products, software development and implementation, operation and maintenance, and system integration. The company provides relevant products and services for the non-commercial banks, state-owned commercial banks, joint-stock banks, foreign banks and regional commercial banks and rural credit cooperatives to the People's Bank of China. | $2 | -- | $2B | $1B | 2.5x | 19.0x | ||
| Richinfo Technology Co Ltd is a Chinese based company operates in software development and business operations in the Internet field. The product portfolio of the group includes mail system, enterprise network disk, message push system and others. | $4 | -3% | $2B | $1B | 5.5x | 23.4x | ||
| Wondershare Technology Group Co Ltd, formerly Wondershare Technology Co Ltd is a China-based company engages in the manufacture and sale of a software application. It offers multimedia, utility, office, mobile, and other software products, as well as featured products. The company's products can be applied to personal computers, tablet PCs, smartphones and other application terminals. | $9 | -1% | $2B | $2B | 7.5x | (351.9x) | ||
| IReader Technology Co Ltd operates as a mobile software development company. It develops, and markets mobile phone reading application known as iReader e-book reader, a software for mobile reading APP. The app is developed for both android and iPhone platform. Geographically the activities are carried out through China. | $4 | +20% | $2B | $1B | 3.0x | (117.7x) | ||
| Ygsoft Inc supplies business management and social service information systems in China. It is focused on providing enterprise management software for the energy industry. The company offers a cloud platform, cloud services, big data service, blockchain services, group resource management, comprehensive risk management, asset lifecycle management and multi-project management. | $1 | +2% | $2B | $2B | 4.1x | 21.9x | ||
| Qingdao Baheal Medical Inc is engaged in providing comprehensive marketing services for pharmaceutical product manufacturers. | $3 | +7% | $2B | $2B | 1.6x | 12.8x | ||
| Digiwin Co Ltd Provides information and digital solutions for manufacturing, distribution and small and micro enterprises. | $6 | +8% | $2B | $2B | 4.2x | 31.1x | ||
| Pci Technology Group Co Ltd provides artificial intelligence technology and products in China. It also offers face recognition, video structuring, knowledge mapping, big data technology and service to its clients. | $1 | -9% | $2B | $1B | 0.8x | 19.9x | ||
| Hangzhou DPtech Technologies Co Ltd focuses on network security and application delivery products and solutions. The security and application delivery products portfolio includes Application Firewall, IPS, Bandwidth Management, Deep Packet Inspection, Web Application Firewall, Anti-DDoS, Appliction Delivery and others. | $2 | -5% | $2B | $1B | 6.1x | 31.1x | ||
| GuoChuang Software Co Ltd provides data intelligence products and services. It mainly operates three business segments: digital applications, digital products, and digital operations. The Digital applications segment provides data intelligence industry software products and IT solutions and services to customers in industries such as operators, energy, transportation, government, and enterprises. The Digital products segment is engaged in developing and applying Battery Management Systems, energy storage BEMS, smart energy storage systems, assisted driving and autonomous driving domain controllers, and other integrated hardware and software data intelligent products; and the Digital operations segment builds and operates a smart logistics cloud platform. | $5 | +42% | $1B | $2B | 7.2x | (97.0x) | ||
| Neusoft Corp provides information technology solutions and services. The company focuses on software technology and provides industry solutions and product engineering solutions, related software products and platforms, and services. It serves the following industries - telecom, energy, finance, government, manufacturing, trade logistics, healthcare, education, transportation, mobile internet, media, and environmental protection. Neusoft offers services like - application development and maintenance, ERP implementation and consulting, testing, performance engineering, software localization and globalization, IT infrastructure, BPO, IT education and training. | $1 | -13% | $1B | $1B | 0.7x | 258.9x | ||
| Youdao Inc develops and markets software applications. It engages in developing technologies to provide learning content, applications, and solutions. The firm operates in three segments: Learning services, Smart devices, and Online marketing services. The majority of its revenue comes from the Learning services segment, which generates revenues from online courses, mainly including Youdao Premium Courses, NetEase Cloud Classroom, and China University MOOC. The learning products segment includes sales of smart devices such as the Youdao Dictionary Pen and the Youdao Pocket Translator. Geographically, all of its revenue is generated from the People's Republic of China. | $12 | +35% | $1B | $2B | 1.8x | 40.6x | ||
| Zwsoft Co Ltd (Guangzhou) is a reliable and innovative engineering software provider with its flagship products ZWCAD, ZW3D, and ZWSim. | $8 | -12% | $1B | $1B | 8.4x | 87.7x | ||
| Marketingforce Management Ltd is engaged in marketing and sales SaaS solution provider in China. It delivers marketing and sales SaaS solutions through the Marketing Force platform to enterprises. The company offers cloud-based SaaS products to enterprises to enable effective and efficient marketing and sales management, and also offers two signature SaaS products, T Cloud and True Client, which combine a series of functional modules respectively to address the pain points faced by enterprises in marketing and sales activities. The group is engaged in two segments: AI+ SaaS business and Precision marketing. Key revenue is generated from the AI+SaaS business. | $5 | -21% | $1B | $1B | 5.5x | (11.1x) | ||
| Beijing Topnew Info & Tech Co Ltd is a software company providing internet data center services, cloud services, internet access services, internet data center and cloud platform information system integration services, and application software development services. The company provides high-end IT technical services for multinational companies, and provides customers with customized comprehensive solutions such as design, procurement, configuration, testing, installation, inventory management, and transportation services, and delivers IT services all over the world. | $9 | +31% | $1B | $1B | 31.6x | (359.3x) | ||
| Shenzhen Sunline Tech Co Ltd is a banking software and technology services company in China. Some of its products include Core Business System SunLTTS, Bank Loan Business System, Smart Deposit Business System, Cash Management Business System, Digital Core System, Digital Financial Business Platform, Business Middle Office Center, Digital Loan Business System, Data Warehouse, and others. It generates the majority of its revenue from Software development followed by System integration and Maintenance business. | $2 | -40% | $1B | $1B | 4.1x | 78.0x | ||
| Beijing E-hualu Information Technology Co Ltd is engaged in building a data lake, a digital economic infrastructure with Chinese characteristics. It provide ecological operation services for building an intelligent economic model that is data-driven, human-machine collaborative, cross-border integrated, and co-created and shared. | $2 | -47% | $1B | $2B | 27.6x | (6.2x) | ||
| Beijing eGova Co Ltd is a high-tech software company. It provides solutions in the digital city management, innovation and social management, intelligent transportation, and safe city fields in China. The company offers digital city management software and a grid of social service management systems; digital law enforcement management software and systems; three-dimensional imaging and mobile road measurement systems. | $2 | -28% | $1B | $961M | 10.8x | (19.1x) | ||
| Net263 Ltd provides value-added data and voice communication services in China. | $1 | -- | $1B | $1B | 9.0x | (40.6x) | ||
| Nanjing LES Information Technology Co Ltd Provides overall solutions for civilian command information systems. | $7 | -47% | $1B | $1B | 5.3x | 89.4x | ||
| JSTI Group is a global engineering consulting firm. The company's services include planning consultation, survey and design, test and inspection, project and construction management and urban management optimization, engineering and architecture, risk management of natural disasters, design, supervision, and maintenance of hydraulic infrastructures. The company offers its services for highway, rail, maritime, aviation, water, environment, architecture, industry, and government fields, as well as smart cities. | $1 | -- | $1B | $1B | 1.7x | 25.0x | ||
| Sumavision Technologies Co Ltd is a video and broadband solutions provider. It is engaged in the research, development, production and technical services of digital television software and hardware products. The company's products include DTV Head-end Hardware; Encoding and Transcoding; IPTV/OTT Head-end; Access Network and IPTV/OTT Terminal. | $1 | -11% | $1B | $745M | 6.9x | 37.9x | ||
| Fujian Boss Software Corp formerly known as Fujian Boss Software Development Co Ltd provides software products and services in China. The company offers financial notes and non-tax collection management products, including non-tax revenue collection management platform, financial notes electronic management systems, government procurement platform, departmental budget management software, departmental accounts reporting software, asset management platform, financial integration system. | $1 | -35% | $1B | $974M | 3.3x | 24.2x | ||
| Jiangsu Tongxingbao Intelligent Transportation Technology Co Ltd is engaged in providing intelligent transportation platform solutions for expressways, arterial roads and urban transportation. | $2 | -30% | $1B | $489M | 3.1x | 9.1x | ||
| Fujian Fuxin Software Development JSC Ltd Provides PDF electronic document software products and services. | $11 | +12% | $1B | $737M | 4.7x | 43.5x | ||
| Suzhou MedicalSystem Technology Co Ltd develops medical engineering technology and promotes clinical system for operation theatre and intensive care units. | $3 | +38% | $996M | $956M | 21.4x | 72.6x | ||
| Beijing CTJ Information Technology Co Ltd engages in providing government departments with information management system solutions, mainly including financial integrated management solutions, financial treasury centralized payment electronic solutions, government financial comprehensive management solutions, financial non-tax electronic solutions, large Government IT service solutions such as data application solutions. | $3 | -27% | $992M | $730M | 6.0x | 44.9x | ||
| Montnets Cloud Technology Group Co Ltd is a cloud communication service provider in China. The company has constructed four-in-one enterprise cloud communication service ecosystem, namely IM cloud, MVaaS, Terminal cloud, IoT cloud to provide comprehensive cloud communication services for enterprises. | $1 | -43% | $991M | $1B | 2.7x | (64.4x) | ||
| Fujian Apex Software Co Ltd is a China based professional platform-based software company and application solutions provider. It offers software services like business process management (BPM) for different areas including financial securities, including securities and futures and funds, banks and trusts, electronic trading and private equity fund, and business and education. | $5 | -23% | $971M | $789M | 9.2x | 28.6x | ||
| Guotai Epoint Sofware Co Ltd provides software-centric smart overall solutions for the three sub-fields of smart recruitment, smart government and digital construction in smart cities. | $3 | -31% | $964M | $476M | 1.8x | 30.5x | ||
| Qiming Information Technology Co Ltd specializes in the research and development, manufacturing and services for automotive industry management software and automotive electronics products. | $2 | -13% | $940M | $837M | 7.3x | 57.0x | ||
| Sinodata Co Ltd is a software and information service company. The firm is mainly engaged in the design and development of the software applications and platforms for banking and other financial institutions. The company focuses on the internet banking cloud platform, financial asset trading platform, supply chain financial service platform, an e-commerce platform, and mobile payment operations. | $3 | -32% | $936M | $863M | 6.8x | (124.3x) | ||
| Median | $3 | -6% | $2B | $2B | 4.7x | 23.4x |
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