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New stock news | The China Securities Regulatory Commission has issued feedback on the listing of Qiniu Asia Vets in Hong Kong and requested clarification on issues such as agreement control architecture.
On September 1, the China Securities Regulatory Commission announced the supplementary materials required for overseas issuance and listing filing (from August 25, 2023 to August 31, 2023). The International Department of the CSRC issued supplementary materials requirements to seven companies. Qiniu Intelligence was required to provide supplementary explanations on issues such as agreement control architecture and shareholder information holding more than 5%, and asked lawyers to verify and provide clear legal opinions. It was reported that on June 29, the Hong Kong Stock Exchange disclosed that Qiniu Intelligence Technology Co., Ltd. submitted an application for listing on the main board of the Hong Kong Stock Exchange, with SWHYHK and BOCOM Intl as its joint sponsors.
Qiniu Cloud abandons US IPO and goes to Hong Kong instead, with losses exceeding 0.3 billion in three years, relying on the top five suppliers for support.
Expected to achieve profitability in 2025.
IPO outlook | Qiniuyun abandons US to Hong Kong: is the second growth curve clear?
After going public in the US to no avail, Qiniuyun turned back into the “arms” of the Hong Kong Stock Exchange. The Zhitong Finance App learned that Qiniuyun submitted a prospectus to the US SEC on April 30, 2021, applying for listing on the NASDAQ, but it ultimately came to an end with the US SEC agreeing to withdraw the F-1 registration documents and all revisions. Recently, Qiniuyun went public hoping to switch to the Hong Kong Stock Exchange. According to the Hong Kong Stock Exchange's disclosure on June 29, Qiniu Intelligent Technology Co., Ltd. (hereinafter referred to as “Qiniuyun”) submitted a listing application to the main board of the Hong Kong Stock Exchange. Shen Wan Hongyuan Hong Kong and BOC International are its co-sponsors. According to the prospectus,
Cloud computing competition is becoming increasingly fierce, and Qiniuyun wants to go public and raise capital to expand market share
“Investor Network” Ding Wanping On June 29, Qiniu Intelligent Technology Co., Ltd. (hereinafter referred to as “Qiniuyun”) submitted a prospectus to the Hong Kong Stock Exchange to be listed on the Hong Kong Main Board. Shen Wan Hongyuan Hong Kong and BOC International are co-sponsors. It is worth mentioning that this is not the first time the company is seeking to go public. In 2021, Qiniuyun submitted a prospectus to the SEC and plans to go public in the US. However, in September 2022, the company withdrew its application to go public in the US and moved to Hong Kong stocks. According to the data, Qiniuyun's income has fluctuated over the past three years, and “the more you lose, the more you lose.” According to the official website information behind the transition to H shares, Qiniuyun was founded in 2011,
[IPO] Qiniu Intelligent Technology submits listing application to Hong Kong Stock Exchange
According to the Hong Kong Stock Exchange's disclosure on June 29, Qiniu Intelligent Technology submitted a listing application to the Hong Kong Stock Exchange. The co-sponsors are Shen Wan Hongyuan, Hong Kong, and CBI International. According to iResearch, based on revenue in 2022, the company is the third largest audio and video PaaS service provider in China, second only to the audio and video PaaS business of the two largest Internet companies in China, with a market share of 5.7%. According to iResearch, based on revenue from APaaS in 2022, the company is also the second largest audio and video APaaS service provider in China, second only to the audio and video APaaS business, which is one of the largest Internet companies in China, with a market share of 1
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