Qiyi Technology (01739.HK) is the largest SaaS service platform for installation companies in China. Through an overall solution based on SaaS, the company provides marketing, supply chain collection and innovative value-added services to decoration companies. The company also operates several well-known interior design and decoration brands, and provides users with services such as decoration funding guarantees and third-party supervision. Since its establishment, the company has adhered to the vision of “empowering decoration enterprises to digitally upgrade and improve the efficiency of the decoration industry”, made it its mission to improve industry efficiency and user experience, continuously innovated and developed, created a new home improvement model integrating online and offline, and provided users with high-quality home improvement services that are integrated online and offline, with a full process and high efficiency. Qiyi Technology received strategic investment from Baidu in 2010 and was listed on the main board of the Hong Kong Stock Exchange in 2018, becoming the first stock in China's home improvement vertical platform. The company has established a thriving ecosystem, cooperated with tens of thousands of paid packaging companies, recommended millions of effective sales leads for installation companies, and successfully landed in 300+ cities. According to industry reports released in recent years by well-known mobile data monitoring agencies in China, such as Trustdata and Aimei Consulting, the Qiyi Technology platform ranked first among the service platforms of Chinese home improvement companies, and was the preferred platform for decoration companies seeking value-added services on the Internet and for users seeking home improvement services on the Internet.
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