Futu News October 15th news, $QINIU (02567.HK)$ Today's dark market opened low, now down 31.64%, at 1.88 Hong Kong dollars, with a turnover of 2.0418 million Hong Kong dollars, and a total market value of 3.754 billion Hong Kong dollars.
Market source: Futu Securities.
Company overview
Asia Vets, established in 2011, as one of China's earliest platforms to provide audio and video cloud computing services, is committed to becoming a global leading one-stop scenario-based intelligent audio and video service provider. The company mainly provides audio and video PaaS services (MPaaS) and application platform as a service (APaaS). It is one of the few companies in China with comprehensive and high-performance MPaaS products and technology capabilities that integrate and cover all aspects of audio and video business.
According to iResearch, based on the 2023 revenue, the company is the third largest audio and video PaaS service provider in China, with a market share of 5.8%; based on the 2023 APaaS revenue, the company is also the second largest audio and video APaaS service provider in China, with a market share of 14.1%.
The company provides a range of AI service capabilities, including intelligent vision, intelligent speech, intelligent editing, industry algorithms, content security, and business security. AI technologies have been widely deployed to develop existing MPaaS products and audio and video functionalities under APaaS solutions, and various AI technologies have been applied to provide audio and video services.
Financial overview
The prospectus shows that in the past 2021, 2022, 2023, and the first three months of 2024, the company's revenue was RMB 1.471 billion, 1.147 billion, 1.334 billion, and 3.42 billion respectively, with gross profit of RMB 0.291 billion, 0.229 billion, 0.28 billion, and 0.71 billion.
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Editor/Hao
