Technology Author: Yifan Zhang May 27, 2022 07:31 PM (GMT+8)

Known as one of China’s “four dragons” in AI, Cloudwalk is the first AI industry leader to list at home


China’s largest AI supplier in the financial industry Cloudwalk Technology (688327) (Chinese: 云从科技) is listed on the Shanghai Stock Exchange today, ending with a total market valuation of CNY 15.85 billion (USD 2.36 billion).

Shares of Cloudwalk Technology leaped 56% from its offer price of CNY 15.37 to CNY 24 apiece after it began trading on the SSE STAR market and closed at CNY 21.4 per share.

Cloudwalk is acknowledged as one of China’s AI “four dragons,” the four top-notch companies in the domestic AI industry, the other three being SenseTime (00020: HK) (Chinese: 商汤科技), Megvii (Chinese: 旷视科技), and Yitu (Chinese: 依图科技). Cloudwalk is the second listed company among the four, following SenseTime’s IPO in Hong Kong on December 30, 2021. 

Founded in 2015, Cloudwalk Technology aims to provide integrated solutions and facial recognition services for the financial, public security, and aviation sectors based on man-machine coordination, multimodal cognition, and other AI technology.