According to the Hong Kong Stock Exchange's disclosure on December 17, Pig Pajie submitted a listing application to the main board of the Hong Kong Stock Exchange.
The Zhitong Finance App learned that according to the Hong Kong Stock Exchange disclosure on December 17, Pig Bajie Co., Ltd. (abbreviation: Pig Bajie) submitted a listing application to the main board of the Hong Kong Stock Exchange. CITIC Securities and CCB International are its co-sponsors. The company submitted listing applications to the main board of the Hong Kong Stock Exchange on October 14, 2022 and April 14, 2023.
According to the prospectus, Pig Bajie is the main e-commerce platform for customized enterprise services in China. It focuses on using technology to intelligently match the service needs of enterprise employers with the skills of service providers through the Pig Bajie platform to match transactions between enterprise employers and service providers.
The Pig Bajie platform is the foundation of the company's enterprise service platform business. Through this, the company can make good use of the huge enterprise employer and service provider user base accumulated by the enterprise service business platform to further expand the business line to smart enterprise services, industrial service business, and promote cooperative business in the government's regional enterprise service ecosystem. The platform uses the Internet, AI and big data technology to establish and operate a trading market to provide enterprises with matching services, membership services, advertising services, tools and subscription services.
On June 30, 2023, enterprise employers can purchase more than 810 types of enterprise services on the Pig Bajie platform. The cumulative number of registered users reached 3.46 million, of which the cumulative number of enterprise employers reached 2.69 million, and the cumulative number of service providers reached 7.7 million.
According to iResearch's report, based on the 2022 GMV, the company ranked second in the customized enterprise service e-commerce market in China, with a market share of about 2.4%. In terms of GMV and revenue, the company's market share in China's customized enterprise services market in 2022 was about 0.12% and 0.006%, respectively. According to iResearch's report, in 2022, China's customized enterprise service e-commerce market accounted for about 5.2% and 4.5% of the Chinese customized enterprise service market and the overall Chinese enterprise service market, respectively.
According to the prospectus, as of 2020, 2021, 2022 and June 30, 2023, the company's revenue was 757 million yuan, 768 million yuan, 541 million yuan, and 252 million yuan respectively. For the same period, the company's year/period losses were 269 million yuan, 367 million yuan, 230 million yuan, and 78 million yuan, respectively.