The Zhitong Finance App learned that according to the Hong Kong Stock Exchange's disclosure on December 29, 2023, Baishan Cloud Holdings Co., Ltd. (“Baishan Cloud” for short) submitted a listing application to the main board of the Hong Kong Stock Exchange, with CICC and Haitong International as co-sponsors.

The company provides enterprises and their end users with high-speed, secure, and economical digital experiences at the edge of the Internet closer to users. With an integrated edge cloud platform for networking, security, and computing power, the company helps enterprises ensure network availability, bypass congested paths, optimize content delivery, improve computing efficiency, and prevent cyber attacks. As of June 30, 2023, the company has deployed more than 1,700 global edge nodes in more than 300 cities in more than 50 countries and regions, with a network bandwidth of more than 80 Tbps.

The company provides enterprise customers with a full range of edge cloud services, including networking services, security, and computing services. The company manages massive heterogeneous resources distributed around the world and intelligently deploys these resources closer to end users to speed up content delivery and enhance the user experience. The company also enables customers to securely access network and computing resources, and protects their data and applications. The company uses AI technology to enhance network scheduling capabilities and security capabilities, thereby further improving the user experience. The company has built a globally unified edge cloud platform to help customers select service modules from the company's comprehensive product portfolio according to their specific needs. Customers can quickly access all functions through BaishanCanvas, the company's unified control platform, and enable more service modules with one click. The company has accumulated rich professional experience in providing comprehensive solutions, covering various application scenarios and different industry fields, mainly including audio and video, social media, gaming, e-commerce, telecommunications, finance, public services, transportation, intelligent manufacturing and medical industries.

The company has established global influence and strategically expanded its business scope to rapidly growing markets such as Southeast Asia, the Middle East, the US and Europe. First, the company has deployed a large number of edge nodes and established an extensive network of carriers and IXPs around the world. The company's platform also adapts to different operators' networks and is optimized to suit different infrastructure and local conditions, so that customers can quickly and reliably transmit their content and applications to meet the needs of their global users. Second, the company uses a “localization” strategy in global operations to provide customers with localized solutions based on local network conditions. The company also adopted a localized brand strategy and formed a local service team to facilitate the company's local operations. Third, the company has established close relationships with business partners in overseas markets to provide continuous support to the company's customers. The company is fully prepared to strengthen its influence as the world's leading edge cloud platform in all regions.

On the financial side, Baishan Cloud maintained a steady increase in revenue scale and increased profitability during the track record period. For the six months ended 2020, 2021, 2022 and June 30, 2023, the company's revenue was 1,803 billion yuan, 2,266 billion yuan, 2,133 billion yuan and 1,084 billion yuan, respectively. sync. The company's net profit was -183 million yuan, -169 million yuan, -193 million yuan and -358.89 million yuan, respectively.