New Stock News | Yonyou Network Technology (600588.SH) submits its second listing application to the Hong Kong Stock Exchange.

According to the disclosure on December 29 by the Hong Kong Stock Exchange, Yonyou Network Technology Co., Ltd. (referred to as Yonyou Network Technology, 600588.SH) has submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with CMB International and CITIC Securities as its joint sponsors. This is the company's second submission to the Hong Kong Stock Exchange this year, having previously submitted a listing application on June 27. The prospectus shows that Yonyou Network Technology is a leading provider of enterprise software and intelligent services, committed to the research and development, sales, and services of enterprise digital software and intelligent services based on core technologies such as AI, big data, and cloud computing. According to Frost & Sullivan data, based on 2024 revenue calculations, the company is the largest market participant in the Chinese enterprise software and services market, with a market share of 4.1%. Additionally, based on overseas revenue calculations for 2024, the company is also the largest domestic enterprise software company in China.