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Draft:Ming Yuan Cloud

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Ming Yuan Cloud Group Holdings Limited
Company typePublic
HKSE 0909.HK
IndustrySoftware
Founded2003
Headquarters3-13F, 17F, Building A, Gemdale Weixin Center, No. 16, Gaoxin South 10th Road, Yuehai Street, Nanshan District, Shenzhen City, Guangdong Province
Key people
Gao Yu (Chairman and Chief Executive Officer)
ProductsOperates real estate ecological chain digital services in mainland China and globally.
Websitehttps://www.mingyuanyun.com/

Mingyuan Cloud Group Holdings Co., Ltd., referred to as Mingyuan Cloud Group Holdings, Mingyuan Cloud Group, and Mingyuan Cloud is a Chinese cloud provider.(SEHK909

Company Profile

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Ming Yuan Cloud Group Holdings Ltd is an investment holding company principally engaged in the provision of cloud services, on-premise software and services for property developers, operators and other industry participants along the real estate value chain. The Company's cloud services consist of four product lines, namely customer relationship management SaaS , construction management SaaS, property management & operation SaaS and skyline PaaS platform. The Company's on-premise software and services mainly provide residential developers with real estate products covering sales, cost, procurement, planning, expenses and budgeting, the Company also provides related implementation services, product support services and value-added services.[1]

History

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In 2003, Chairman and CEO Gao Yu, Executive Directors Chen Xiaohui and Jiang Haiyang established "Shenzhen Mingyuan Development Software Technology Co., Ltd." in its headquarters in Shenzhen to operate digital services for the real estate ecological chain in mainland China and around the world.[2]

The company shares were listed on the main board of the Hong Kong Stock Exchange on September 25, 2020. The global offering price was HK$16.5, with 374 million shares on offer, raising a total of HK$6.17 billion, which will be used to further upgrade and enhance the functions and features of existing SaaS products. Aiming to cope with more diverse business scenarios and continuously improve the user experience of SaaS products; strengthen the research and development of cutting-edge technologies (such as AIoT, data analysis and virtual reality); further upgrade and enhance the functions and features of cloud ERP solutions; improve sales and marketing capabilities and enhance our brand reputation among participants in the Chinese real estate market; selectively pursue strategic investments and acquisitions; working capital and general corporate purposes, in addition to Mingyuan Cloud introducing cornerstone investors, including Hillhouse Capital (86 million USD), GIC (USD 50 million), China Structural Reform Fund (USD 50 million), Sequoia Capital (USD 30 million), Blackrock (USD 30 million) and Fidelity International (USD 30 million), A total of US$276 million[3][4]

Reference

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  1. ^ "Ming Yuan Cloud Group Holdings Ltd, 909:HKG profile - FT.com". markets.ft.com. Retrieved 2024-02-06.
  2. ^ "明源雲集團控股有限公司簡介". Archived from the original on 2019-01-19. Retrieved 2021-02-11.
  3. ^ 明源云今日开启招股:募资62亿港元,下周五于港交所挂牌[dead link]21財經網,2020年9月15日
  4. ^ "明源雲集團控股有限公司招股公告" (PDF). Archived from the original (PDF) on 2020-10-27. Retrieved 2021-02-11.