Yonghong Tech to Go Public in Hong Kong

36kr learned on Tuesday that Yonghong Tech, a big data and business intelligence analytical services unicorn company, is planning to go public in Hong Kong.

According to public information, Yonghong Tech was established in 2012 and has completed several rounds of financing. In 2013, it completed a Pre-A round of financing led by iResearch. At the end of 2014 and the beginning of 2015, the firm finished a round A and A+ of financing, led by Matrix Partners and worth 10 million yuan ($1.58 million) and 50 million yuan respectively. In 2015, it completed round-B financing totaling 100 million yuan led by OFC. In July 2016, the company announced that it had obtained a round C of financing of 200 million yuan led by Tencent.

In terms of its business, the company mainly provides data application consultation, data governance and data warehouse construction, and data visual analysis.

The products of Yonghong Tech focus on BI (business intelligence). Yonghong Z-Suite is the main enterprise-level product, and it has become the industry-leading BI product with an extensive data source interface, high-performance engine, easy-to-use self-service feature, AI in-depth analysis and enterprise-level management capability.

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For data analysts and small and medium-sized enterprises lacking an expansive budget, Yonghong Desktop and X+Viewer, the first free charge software combination in China to complete a closed loop of whole-data analysis, was launched. Users can load these BI products into laptops and upload reports made on the Yonghong Desktop to X+Viewer to share business insights and meet the BI requirements of small and medium-sized enterprises at zero cost.

In January, 2022, market research company IDC released the data of China’s business intelligence (BI) software market in the first half of 2021. Yonghong Tech ranked the top three in market share and ranked first in many key industries such as finance and manufacturing.