Can Inspur Cloud survive through the Cloud giants' war?
On August 19, Qianshan Capital, a private-equity investment institution, invested CNY 150 million in Inspur Cloud, which is the Cloud arm of the Inspur group. The recent valuation for Inspur Cloud hit CNY 10 billion.
According to the China Securities Regulatory Commission’s website, the company is preparing for an IPO. Rumors said that the company would go public this December.
Like many Cloud service providers in China, Inspur Cloud mainly offers products to the government, serving sectors or areas like industrial Internet, digital government and smart business. It currently runs a network of seven core data centers and 62 municipal cloud data centers, providing Cloud computing services, hosting more than 10,000 government departments and over 40,000 applications.
Based on research body CCID's Consulting, Inspur’s market share ranked number five in the Chinese Cloud market in 2019.
After the listing, Inspur Cloud will become the fourth public company belonging to the Inspur group. Currently, the group owns four listed companies, including Inspur Electronic Information Industry (000977:SZ), Inspur Software (600756:SH), Inspur International (596:HK). The group is controlled by the Shandong Provincial State-owned Assets Supervision and Administration Commission.
About Qianshan Capital
Qingshan Capital was founded in 2015 and focuses on Private equity investment. The firm specializes in investing across the intelligence industry, pan-entertainment, fintech, smart logistics and new-economy territory. Based on the official website, Qianshan Capital reported CNY 2.8 billion of assets under management, with investment portfolios consisting of over 30 companies, including JD delivery, JD Digits, Polybona Films and NANFU.