We are the largest multi-capability cloud-based communications solution provider in China, as measured by revenues in 2019, according to the CIC report. We are the only provider in China that offers a full suite of cloud-based communications solutions, according to that report, covering communications platform as a service, or CPaaS, cloud-based contact centers, or cloud-based CC, and cloud-based unified communications and collaborations, or cloud-based UC&C. We serve a diverse and loyal customer base consisting of enterprises of all sizes across a variety of industries, including internet, telecommunications, financial services, education, industrial manufacturing and energy.

China’s cloud-based communications industry is still in the early stages of development relative to more mature markets globally, and is experiencing significant transformation driven by rapid advancements in cloud and AI technologies. As an industry pioneer, we have accumulated extensive expertise, and developed a variety of proprietary products and services characterized by quality and reliability, to enable seamless connectivity across telecommunications networks.

(Note: Cloopen priced its IPO on Feb. 8, 2021, above range – at $16 – above its $13-to-$15 price range – on the same number of American Depositary Shares (ADS) of 20 million – to raise $320 million.)