Jiwei Network News, on January 3, the company delivered the watch to the Hong Kong Stock Exchange, which is the company's second time to deliver the table, UBS Group, CICC and China Renaissance Capital as its lead underwriters.
Innovation Wonder is a unicorn company with kai-fu Lee, a technology investor, as chairman and a pre-IPO valuation of more than $1 billion. According to the data, Chuangxin Qizhi is a leading enterprise AI solution provider in China. Based on its research capabilities in the field of deep learning, it has developed proprietary computer vision and machine learning AI technologies to empower Chinese enterprises. It provides full-stack AI products and solutions that reduce costs and increase efficiency for businesses and optimize decision-making by combining AI technology with insight into industry scenarios.
According to Frost & Sullivan, in terms of revenue, Chuangxin Qizhi is the third largest AI technology-driven solution provider in China's enterprise AI solutions market in terms of revenue, with a market share of 0.3% of more than 1500 market participants.
According to Innovation, our AI products and solutions can significantly increase business value for customers in manufacturing, financial services and other industries. In terms of AI+ manufacturing, Innovation Qizhi currently provides AI products and solutions for customers in various vertical industries, mainly helping customers optimize business or production processes, reduce costs, improve operational efficiency, production flexibility and achieve intelligent transformation of business operations and information management.
In terms of AI+ financial services, the innovative AI products and solutions of Qizhi Financial Services industry are applied to intelligent data center intelligent infrastructure and operation, intelligent hybrid cloud management and intelligent data governance and application, aiming to help financial institutions improve the reliability of IT infrastructure and strengthen market competitiveness.
In the AI+ industry, Nova Qizhi also serves customers in other industries (e.g. retail, information technology and other industries), providing AI products and solutions to automate and optimize information management in certain aspects of their business operations, such as supply chain management.
It is understood that Chuangxin Qizhi has a total of 50, 150, 157 and 130 customers in 2018, 2019, 2020 and the nine months ended September 30, 2021, respectively. Among them, the number of customers in the manufacturing industry increased significantly from 16 in 2018 to 93 in 2020, and from 66 in the nine months ended September 30, 2020 to 71 in the nine months ended September 30, 2021; the number of customers in the financial services industry increased from 2 in 2018 to 18 in 2020, and remained stable at 12 in the nine months ended September 30, 2020.
Financially, as of the first nine months of 2018, 2019, 2020 and 2021, Nova Qizhi's revenue was RMB37.2 million, RMB229 million, RMB462 million, RMB298 million and RMB553 million, respectively. The net loss for the above-mentioned period was $71.2 million, $244 million, $361 million and $438 million, respectively. (Proofreading | new)