QingCloud
Cloud computing platform that provides IaaS-based flexible cloud services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 Valuation: €0.0 | round | |
| N/A | N/A | IPO | |
| Total Funding | 000k | ||
| CNY | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 14 % | (1 %) | (28 %) | 10 % | (19 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (37 %) | (25 %) | (49 %) | (61 %) | (31 %) | (16 %) |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (50 %) | (38 %) | (67 %) | (80 %) | (51 %) | (35 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 18 % | 18 % | 32 % | 41 % | 25 % | 24 % |
Source: Company filings or news article
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QingCloud Technologies Corp. is a platform-level hybrid cloud ICT vendor and service provider established in Beijing in 2012 by founder Richard Huang. The company focuses on software-defined solutions, providing enterprise users with autonomous, controllable, and neutral cloud computing products and services. Since its inception, QingCloud has prioritized independent research and development of its core code. The firm's development progressed through several key phases: from establishing its public cloud services between 2012 and 2014, to entering the private cloud market by 2016, and then focusing on enterprise cloud and hyper-converged systems as primary revenue sources from 2017 to 2019.
A significant milestone was achieved in March 2021, when the company went public on the Shanghai Stock Exchange's STAR Market, raising capital to upgrade its products and enhance R&D efforts. QingCloud operates on a business model that generates revenue through two main streams: the sale of cloud products, which includes software or hardware-software integrated systems and subsequent support, and cloud services, which are offered on a subscription basis. The company serves a diverse client base that includes over 45,000 enterprises, ranging from major financial institutions like the Bank of China, to clients in transportation, healthcare, and internet firms.
QingCloud's product portfolio is designed as a full-stack cloud platform, offering Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) capabilities. Key offerings include Enterprise Cloud, a comprehensive platform for digital transformation; CloudExpress, a hyper-converged infrastructure software; QingStor for distributed storage; and KubeSphere, an enterprise-grade container management platform. The company's solutions cater to various deployment needs, including public, private, and hybrid clouds, all built on a consistent architecture. This allows clients to seamlessly connect public and private clouds and evolve from a single private cloud to more complex distributed or hybrid cloud environments. The platform supports major big data frameworks and integrates services for databases, middleware, and AI, accessible through its AppCenter. Keywords: hybrid cloud, cloud computing, Infrastructure as a Service, IaaS, Platform as a Service, PaaS, enterprise cloud services, digital transformation, software-defined storage, distributed storage, KubeSphere, container platform, hyper-converged infrastructure, private cloud, public cloud, cloud management, ICT solutions, data center solutions, cloud-native, Beijing