The application for IPO on the Shanghai Stock Exchange by Qichacha has been accepted, with plans to raise 1.5 billion yuan.

On October 10th, Qichacha Technology Co., Ltd. (referred to as Qichacha) submitted its application for an IPO on the Shanghai Stock Exchange main board. CITIC SEC is its sponsoring institution, with plans to raise 1.5 billion yuan in funds. The prospectus shows that Qichacha is a professional business big data service provider, founded in 2014 and has always focused on the collection, cleaning, analysis, and application of commercial big data in different fields, becoming a leading enterprise in China's big data industry and a key player in the construction of the digital economy development system. The company's products involve various customer business scenarios such as commercial transactions, risk management, financial services, government affairs, and legal affairs, widely used in finance, law, manufacturing, government, internet, and other fields. It has greatly improved the convenience and effectiveness of personal users in obtaining business information, as well as enhancing the efficiency of business decision-making for enterprise-level users. According to Zhushi Consulting's "China Business Big Data Service Industry Blue Book" and QuestMobile data, in 2023, among the general commercial big data service providers in China's enterprise information category, Qichacha ranks second in market share and mobile active users, and first in mobile application store downloads. The funds raised this time will be invested in projects related to the company's main business, aiming to enhance the performance of the company's C-end member products and B-end Qichacha professional version, data interface services, etc. by increasing investments in equipment, professional technical talents, cloud resources, and through continuous research and development of data capabilities and artificial intelligence technology, further enhancing the company's technological barriers, expanding its market share, and market influence. The prospectus warns that in recent years, with the continuous upgrade of advanced technologies such as artificial intelligence, big data mining, and visual analysis, if the company cannot make forward-looking judgments, respond quickly, and continuously invest in technological upgrades and innovations, there is a risk of losing technological advantage, declining product competitiveness, and losing users, affecting the company's future development and market competitiveness. In terms of operating data, as of the end of June 2025, Qichacha has accumulated over 150 million registered users and over 80 million monthly active users. From 2022 to 2024, its operating income increased from 51.84829 billion yuan to 70.84127 billion yuan, with a compound annual growth rate of 16.89%, and steady growth in the number of users and operating income scale.