Zhitong Financial APP learned that according to the disclosure of the Hong Kong Stock Exchange on June 23, Dmall Inc. (multi-point Mathematical Intelligence Co., Ltd.) submitted a listing application to the main board of the HKEx, with Credit Suisse and China Banking International as co-sponsors. The company submitted an application for listing on the main board of the Hong Kong Stock Exchange on December 7, 2022.

According to the prospectus, Multipoint provides a cloud-based end-to-end digital retail SaaS platform for the local retail industry. According to Frost Sullivan, the company is currently the largest retail cloud solution service provider in mainland China by total merchandise transactions, with a market share of 13.9% as of December 31, 2022. The company has successfully expanded its business to other Asian countries and regions, including the Hong Kong Special Administrative region, Macao Special Administrative region, Cambodia and Singapore.

With the comprehensive coverage of one-stop retail cloud solutions, containing the latest practices in the industry, intelligent data-driven business decision-making, and continuous product development, Multipoint Digital Intelligence stands out from its competitors to help retailers and brands drive revenue growth and reduce costs. According to Frost Sullivan, in 2022, the company was the largest retail cloud solution service provider in Asia by total merchandise transactions and a leading end-to-end omni-channel retail cloud solution service provider in China.

The company's retail digital business began with Wumart Group, a leading retailer in China and the company's largest customer during the track record period. The company has developed comprehensive retail cloud solutions for customers of all sizes and formats, covering the local retail business, from procurement and supply chain management, store and headquarters management to marketing and omni-channel sales. The company's business experience with Wumart Group has inspired the delivery of many popular modules for a variety of retail formats, from supermarket chains, warehouse supermarkets and department stores to convenience stores, specialty retailers and new business type retailers.

In the three months ended March 31, 2023, the company has provided services to about 380 customers. In 2020, 2021 and 2022 and for the 12 months ended March 31, 2023, the net earnings retention rate (which refers to the income generated by recurring customers (excluding consumers) divided by the earnings generated by all customers (excluding consumers) in the previous period is 165%, 208%, 140% and 125%, respectively.

On the financial front, in 2020, 2021, 2022 and the three months ended 31 March 2022 and 2023, the multi-point smart income was about $487 million, $1.045 billion, $1.501 billion, $384 million and $390 million respectively, and the losses during the period were about $1.09 billion, $1.825 billion, $840 million, $247 million and $342 million respectively.