New Stock News | Yunji Technology and Kuangshi Alliance plan Hong Kong/US IPO and have received material acceptance from the China Securities Regulatory Commission

Zhitong
2025.04.03 11:51
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On April 3rd, the China Securities Regulatory Commission (CSRC) released the registration status of domestic enterprises issuing securities and listing abroad (Initial Public Offerings and full circulation) as of April 2, 2025. This week (March 31 - April 4), Yunji Technology's application for a Hong Kong IPO was accepted by the CSRC, and Kuangshi Alliance's application for a U.S. stock IPO was also accepted by the CSRC. According to the prospectus, Yunji Technology's main business is divided into two parts: robotics and functional kits, and AI digital systems. As of 2024, Yunji Technology has the largest number of simultaneously online robots and service consumers in three-dimensional multi-layer spaces globally. Based on 2023 revenue, Yunji Technology ranks first globally in the hotel scene robotics market and the hotel scene intelligent agent market. Kuangshi Alliance has been deeply engaged in the advertising industry, currently providing clients with customized mobile advertising services (including developing mobile advertising plans, placing ads on media platforms, monitoring advertising effectiveness data, and optimizing advertising strategies), while also offering advertising agency services. Among these, media placement is the core business of Kuangshi Alliance, accounting for over 99% of its revenue in both the 2022 and 2023 fiscal years

According to the Zhitong Finance APP, on April 3rd, the China Securities Regulatory Commission (CSRC) released the registration status of domestic enterprises issuing securities and listing overseas (initial public offerings and full circulation) (as of April 2, 2025). This week (March 31 to April 4), Yunjitech's proposed Hong Kong IPO materials were accepted by the CSRC, and Kuangshi Alliance (OCP.US) also had its proposed U.S. IPO materials accepted by the CSRC.

According to the prospectus, Yunjitech's main business is divided into two parts: robotics and functional kits, and AI digital systems. As of 2024, Yunjitech has the largest number of simultaneously online robots and service consumers in three-dimensional multi-layer spaces globally. Based on 2023 revenue, Yunjitech ranks first globally in the hotel scene robot agent market and the hotel scene agent market.

Kuangshi Alliance has been deeply engaged in the advertising industry, currently providing clients with customized mobile advertising services (including developing mobile advertising plans, placing ads on media platforms, monitoring advertising effectiveness data, and optimizing advertising strategies), while also offering advertising agency services. Among these, media placement is the core business of Kuangshi Alliance, accounting for over 99% of its revenue in both the 2022 and 2023 fiscal years

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