Against the backdrop of the wave of enterprise digital transformation and the booming demand for cloud computing,SaaS(Enterprise Services) Companies flock to Hong Kong for listing.10month18Today, Zhongqi Cloud Chain submitted its listing application to the Main Board of the Hong Kong Stock Exchange. Since the beginning of this year, Beisen Holdings, Fourth Paradigm, and Pharmacist Assistant have successfully listed in Hong Kong. In addition, many companies such as Qiniu Cloud, Baiwang Cloud, Huicaijiao, Yunzhisheng, Shengtong Technology, and Yingshi Intelligence have also submitted listing applications to the Hong Kong Stock Exchange.
whySaaSCompanies have risen in prominence one after another and are vying to go public in Hong Kong? Applications have been submitted to the Hong Kong Stock Exchange this year.SaaSWhat advantages does the enterprise possess? From the perspective of policy background and industry demand, high-qualitySaaSWhat elements do enterprises need to possess to successfully enter the capital market? Some believe that mostSaaSThe company's performance is still incurring losses. Coupled with increasingly difficult financing in the primary market, even if it goes public, the performance in the secondary market is also cause for concern. How do you view this?SaaSThe development of the industry? Frost & SullivanFrost & SullivanFrost & Sullivan's Greater China regional consulting director, Zhou Mingzi, was interviewed by Wall Street Journal Insights to discuss ChinaSaaSEnterprise development.
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Securities Daily
Q
whySaaSCompanies have risen in prominence one after another and are vying to go public in Hong Kong? Applications have been submitted to the Hong Kong Stock Exchange this yearSaaSWhat are the strengths of the enterprise?
From the demand side, the government provides support for the digital transformation of small and medium-sized enterprises, and sub-sectors such as electronic signatures and finance and taxation also face rapid development opportunities. From the product side,GPTThe emergence also bringsSaaSCommercialization empowerment. The Hong Kong Stock Exchange has becomeSaaSThe primary reason for companies going public is their lenient listing conditions and policy support for technology innovation enterprises.SaaSIn enterprises, we observe companies that can provide integrated and systematic solutions, as well as those specialized in specific industries.SaaSThe company has strengths.
Q
From the policy background and industry demand perspectives, high-qualitySaaSWhat elements do enterprises need to possess to successfully enter the capital market?
In light of current circumstances, some homogeneous companies that had previously gained market momentum through marketing within the industry are gradually being optimized by the market. Only companies with high-quality products can attract customers to continue paying, thereby increasing customer retention rates and further securing stable cash flow. In addition, vertical companies demonstrate better industry expertise, can provide more professional and personalized services, and form certain competitive barriers in specific industries, enabling them to more smoothly enter the capital market.
Q
Some believe that the majoritySaaSThe company's performance is still incurring losses. Coupled with increasingly difficult financing in the primary market, even if it goes public, the performance in the secondary market is also cause for concern. How do you view this?SaaSThe development of the industry?
In the current context of changing financing environments, low-price competition and marketing tactics can no longer provide a competitive advantage for enterprises. In their development, companies need to rely more on product strength and their own advantages for differentiated competition. In the future, the development direction of 'broad and comprehensive' enterprises may shift towards vertical integration, enhancing product capabilities in specific fields. Although the current industry background has put forward higher requirements for the development of companies, it has also promoted a healthier future industry.
* This interview was published in 'Securities Daily', with reporters Xie Ruolin and Mao Yirong. The original title was: Software service companies flocked to Hong Kong for listing within the year Vertical companies have more advantages ">
