May 2026
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Largest Horizontal SaaS Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Alibaba Group, Baidu, Kingsoft Office Software, iFlytek and Qihoo 360.
 | 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| 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) | ||
| 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 | ||
| 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) | ||
| 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) | ||
| 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) | ||
| 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 | ||
| 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) | ||
| 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 | ||
| 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 | ||
| 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) | ||
| 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 | ||
| 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) | ||
| Net263 Ltd provides value-added data and voice communication services in China. | $1 | -- | $1B | $1B | 9.0x | (40.6x) | ||
| 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 Fuxin Software Development JSC Ltd Provides PDF electronic document software products and services. | $11 | +12% | $1B | $737M | 4.7x | 43.5x | ||
| 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) | ||
| Beijing Join-Cheer Software Co Ltd is a management software provider that focuses on providing big data integrated services. The solutions provided by the company include government management and services, long time big data, long time report, and longtime DNA. | $1 | +11% | $914M | $800M | 2.1x | 63.7x | ||
| Smarter Microelectronics (Guangzhou) Co Ltd is engaged in the research and development, design and sales of RF front-end chips and modules. | $2 | -- | $912M | $824M | 6.9x | (29.8x) | ||
| Ucap Cloud Information Technology Co Ltd is a domestic Internet content service platform and big data service provider. The company develops technologies related to digital content management and big data. It provides the construction, operation and maintenance of Internet content service platform and big data services. | $13 | +53% | $892M | $833M | 13.5x | 364.3x | ||
| Asiainfo Security Technologies Co Ltd is a leader in China's network security software field, and a network security company that knows the Internet and the cloud in the industry. | $2 | -26% | $876M | $779M | 0.7x | (87.2x) | ||
| Weimob Inc is a provider of cloud business and marketing solutions for small and medium-sized enterprises in China. The company operates in two segments: Subscription solutions and Merchant solutions. It provides SaaS and other software in its Subscription Solutions segment for e-commerce, Retail, catering, hotel, local life, and other industries, enabling merchants to carry out private traffic management. The company helps merchants obtain public domain traffic and supports them to achieve digital upgrades with full chain services and operations through its Merchant Solutions segment. It derives the majority of its revenue from the Subscription segment. | $0 | -15% | $807M | $827M | 3.5x | 36.2x | ||
| Nsfocus Technologies Group Co Ltd is a China based internet and application security company. It offers enterprise-level network security solutions and services. The products offered by the company are Anti-DDoS system, Cloud DDoS protection service, Threat intelligence subscription service, Web application firewall, and Web vulnerability scanning system. In addition, it also offers solutions such as cloud DDoS defenses, on-premises DDoS defenses, Hybrid DDoS defenses, global threat intelligence, among others. The company has a business presence in China and other international countries. | $1 | -15% | $779M | $808M | 2.1x | 21.3x | ||
| Inspur software Co Ltd is a China-based cloud computing, big data service provider. It offers computing platforms, IT application solutions, server solutions, high-performance computing solutions, tax cloud terminals, financial terminals, and is also a manufacturer of servers, sales data controller, and FCR products. The company sells its products in China and other international countries. | $2 | -3% | $742M | $669M | 3.9x | (22.3x) | ||
| Beijing VRV Software Corp Ltd is engaged in developing, manufacturing & selling of information security software products and services. The company provides data applications, mobile management systems, domestic terminal security systems, border security products, Intranet security products, anti-virus software, and data security products. | $0 | -38% | $720M | $727M | 16.1x | (16.7x) | ||
| Sansec Technology Co Ltd is engaged in innovation of cryptographic technology and R&D, sales and service of cryptographic products and provides cryptographic products and solutions for the internet information security. The company’s products portfolio includes PCIe HSM, Cloud HSM, General purpose HSM, Financial HSM, and Cryptographic Software System. HSMs provide the integrated cryptographic functions for different application scenarios, including financial HSMs, general purpose HSMs, cloud HSMs, KMS and other HSMs. Cryptographic systems include key management system, cryptographic service platform, identity authentication system, cryptographic middleware, etc. | $4 | -36% | $638M | $527M | 6.4x | (972.8x) | ||
| Baida Group Co Ltd is a China-based company. Its business activities are divided into three divisions including a department store, hotel operation, and property service. The company operates a department store in Hangzhou. | $2 | -- | $603M | $443M | 14.5x | 23.9x | ||
| Hanwang Technology Co Ltd is a China-based company engaged in offering character recognition technology and intelligent interactive solutions, and other products. Its products include dictionary pen, wise reader, HW pen, starter edition scanner, business card storage, drawing tablet, and there are also specifically identify products for text and graphics in education, finance, and other industries. The company also provides scanners, documents camera, air purifier and haze removal machine. It has products like handwritten cell phone, cloud technology and other kinds of technology licensing program. | $2 | -- | $600M | $574M | 2.1x | (50.0x) | ||
| HCR Co Ltd is a data intelligence solution provider. The company has built an data intelligence system of which the functions include data integration, data insight and data implementation to provide one-stop solution to customer, combined with the accumulated knowledge and means of market research, as well as the artificial intelligence technology. | $8 | -- | $582M | $477M | 6.4x | (174.4x) | ||
| Inspur Digital Enterprise Technology Ltd formerly, Inspur International Ltd is an investment holding company. The company's segments are Cloud services, Management software, and the Internet of Things. The Cloud services segment includes the provision of cloud services. The management software segment involves the provision of software development and other software services whereas the Internet of Things segment is engaged in the sales of IT peripherals and software. Geographically, the firm generates a majority of its revenue from Mainland China, and also has its presence in United States and Other countries. | $0 | -55% | $533M | $398M | 0.4x | 8.5x | ||
| KSEC Intelligent Technology Co Ltd is engaged in the planning, research and development, design, production, implementation, operation, and maintenance of intelligent logistics and intelligent production lines. | $2 | -26% | $526M | $438M | 1.5x | (51.6x) | ||
| Shanghai Wondertek Software Corp Ltd engages in the software research and services. Its business is categorized in multimedia software and mobile internet services, and business intelligence software applications and services. Its products include wonder runtime platform, operating a management system, media assets management, streaming transcoding process, and data marketing analysis. | $2 | -24% | $518M | $415M | 11.0x | 105.5x | ||
| Ropeok Technology Group Co Ltd is the leader in video image information processing and security and protection products. | $3 | +41% | $504M | $530M | 23.5x | (19.4x) | ||
| Julong Holding Ltd is a provider of intelligent integrated solutions to public utilities, commercial properties, and multifamily residential properties operating at scale in China. The intelligent integrated solutions it offer typically include intelligent security systems, fire protection systems, parking systems, toll collection systems, broadcasting systems, identification systems, data room systems, emergency command systems and city management systems. Its business lines include (i) engineering solutions of intelligent projects, (ii) operation and maintenance of intelligent projects, and (iii) sales of equipment and materials of intelligent systems. | $22 | +483% | $480M | $472M | 12.7x | 102.9x | ||
| Agora Inc provides real-time communication solutions. The company offers real-time video calling, voice calling, live audio and video streaming, recording, and real-time messaging. It serves the gaming, retail, and education industries. The company operates in the People's Republic of China and the United States of America and the majority of its revenue is derived from the People's Republic of China. | $5 | +38% | $445M | $198M | 1.4x | 11.0x | ||
| Beijing Hanyi Innovation Technology Co Ltd is a company specializing in font design, font library product development, Chinese character information technology research, and Chinese character application solutions, with core independent intellectual property rights. | $4 | -36% | $443M | $393M | 13.9x | 78.7x | ||
| Tianju Dihe (Suzhou) Technology Co Ltd is an integrated API-enabled data exchange service provider in China. It provide data management solutions, which are customized softwares comprising one or more of our products, including APIMaster, DataArts, QuickBot, SmartShield and AnchorChain. It customers include enterprises such as Tencent, Alibaba, Baidu, NetEase, Meituan, China Mobile, China Unicom, China Telecom, and many other internet companies. | $8 | 0% | $416M | $344M | 5.3x | 46.2x | ||
| Perfect Group Corp Ltd is a China-based company engages in the research and development, production, and sale of dental care product. Its products include toothbrushes, dental floss, interdental brushes, dental floss sticks and denture cleaning tablets. | $4 | -- | $406M | $463M | 2.0x | 13.3x | ||
| Beijing Seeyon Internet Software Corp is a collaborative management software and cloud service provider in China. | $3 | -16% | $373M | $288M | 2.2x | (9.4x) | ||
| Baiwang Co Ltd is an enterprise digitalization solutions provider in China, focusing on offering cloud-based SaaS solutions and on-premises solutions for financial and tax digitalization solutions, data-driven analytics services as well as other enterprise through Baiwang Cloud platform. It process a variety of transaction documents, including among others, invoices, receipts, bills, and other accounting records, that accurately reflect key business transactions of enterprises. The company derives all of its revenue from the PRC. | $1 | -73% | $331M | $263M | 2.4x | 276.5x | ||
| Beijing Baolande Software Corp is a software company specializing in the development and promotion of basic software. The Baorande product line covers middleware, container PaaS platform, intelligent operation and maintenance and big data in the basic software field. | $4 | -12% | $279M | $246M | 7.2x | (27.4x) | ||
| Voicecomm Technology Co Ltd is an IT solution provider in China. It provide services for enterprise-level users to improve the level of convenience and intelligence for their information exchanges and business interactions. The solutions are built upon technologies comprising core conversational AI technologies, unified communication technologies, and other AI and computer technologies. It offers Voicecomm Brain, technology infrastructure, and Voicecomm Suites. The principal activities of the group are provision of on-premised integrated enterprise-level solutions including software license, hardware and services. | $7 | -36% | $243M | $332M | 2.2x | 8.1x | ||
| Cheetah Mobile Inc along with its subsidiaries provides comprehensive products and services on PCs and mobile devices. It generates revenue from utility-related business, including advertising services and premium membership services. It also provides multi-cloud management platform and overseas advertising agency service. The company operates in two segments: Internet business, and AI and others. The firm's majority of the revenue is derived from the internet business segment that provides mobile advertising services to advertising customers, as well as selling advertisements and referring user traffic on its mobile and PC platforms. Geographically, it derives the majority of its revenue from the PRC and the rest from Hong Kong, Japan, and the rest of the world. | $4 | -6% | $136M | ($86M) | (0.5x) | (61.9x) | ||
| Qiniu Ltd provides audiovisual cloud services and PaaS services in China. Audiovisual cloud services refer to the producing, storing, processing, distributing, analyzing, auditing, retrieving, and recommending unstructured audiovisual content in multi-media formats. PaaS is a computing service model by which cloud service providers offer a suite of hardware and software resources to their users via a platform, enabling the users to focus on writing codes, configuring the service metrics and monitoring of applications without the need to divert time and resources to the development and maintenance of the infrastructure underlying the platform, including maintenance of hardware, updates of operating system, data backup and recovery, internet security, disaster recovery, etc. | $0 | -55% | $106M | $81M | 0.3x | 236.3x | ||
| Easou Technology Holdings Ltd, along with its subsidiaries, is engaged in the following business segments: online literature recommendation services, digital marketing services, online games publishing services, and other digital content services. The group derives maximum revenue from its digital marketing services business, which collects, analyzes, and predicts users’ appetite for advertising content and matches the needs of its advertising customers for advertisement placements with suitable third-party advertising channels. Geographically, the group derives a majority of its revenue from its customers in Mainland China. | $0 | -57% | $102M | $72M | 0.8x | 17.8x | ||
| Lucas GC Ltd is a technology-driven online agent-centric human capital management service provider targeting professionals based on PaaS in China. Its business segments consist of recruitment services, outsourcing services, and other services, which include information technology services and training services. | $2 | -95% | $90M | $99M | 0.6x | 23.9x | ||
| Xuan Wu Cloud Technology Holdings Ltd is an intelligent CRM services provider, providing CRM PaaS services and CRM SaaS services to clients. its CRM PaaS services mainly provide cPaaS to encapsulate messaging communication capabilities of the three telecommunication network operators for the customers to be integrated into the customer’s business systems, thereby enabling the customers to access and utilize the communication capabilities as a service, and CRM SaaS services comprise of marketing cloud, sales cloud, and service cloud, which enable the Group to provide the customer with one-stop intelligent CRM services throughout their entire business cycle, from initial marketing to after-sales services. The company generates the majority of its revenue from the CRM SaaS services. | $0 | +17% | $87M | $89M | 0.8x | (24.7x) | ||
| Lesi Group Ltd is a mobile advertising service provider in the PRC and mainly provide comprehensive mobile advertising services to its customers for marketing of their brands, products and/or services on media platforms operated by its media partners. The company’s services include mobile marketing planning, traffic acquisition, production of ad creatives, ad placements, ad optimisation, ad campaign management and ad distribution. It derives revenue from Mobile advertising solutions services and Advertisement distribution services. | $0 | -- | $57M | $76M | 0.3x | 9.6x | ||
| Duiba Group Ltd is principally involved in the user management Software-as-a-Service (SaaS) platform business and internet advertising business. Its user management SaaS platform is designed to help businesses attract and retain online users cost-effectively, by offering various fun and engaging user management tools to boost mobile App user activity and participation on Apps. The company generates the majority of its revenue from the Internet Advertising business. | $0 | -- | $21M | $83M | 0.9x | (6.8x) | ||
| XIAO-I Corp is an AI industrialization company focusing on the AI Cognitive Intelligence platform. The platform combines six core technologies including Natural Language Processing, Speech Processing, Computer Vision, Machine Learning, Affective Computing, Data Intelligence, and Hyper- automation. Based on the platform, The company developed products and solutions in the fields of Al+ Contact Center, Al+ Finance, Al+ City Public Service, Al+ Architecture, Al+ Metaverse, Al+ Manufacturing, and Al+ Healthcare. It generates revenue from the sale of software products and services, M&S services, and the sale of cloud platform products. | $11 | +296% | $10M | $55M | 4.4x | (0.6x) | ||
| Baiya International Group Inc is a company which operates through its subsidiary Gongwuyuan operates a cloud-based internet platform to provide one-stop crowdsourcing recruitment and SaaS-enabled HR solutions in the flexible employment marketplace. The Company's business is focused around on four primary services which are job matching services, entrusted recruitment services, project outsourcing services and abor dispatching services in the flexible employment market within China, mainly in the core manufacturing regions including the Pearl River Delta and Yangtze River Delta region. | $1 | -- | $4M | $3M | 0.2x | (0.3x) | ||
| Median | $2 | -5% | $2B | $1B | 5.0x | 13.7x |
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