On January 20th, UCloud (Code: 688158), a leading cloud computing service provider in China, was officially listed on Sci-Tech Innovation Board (STAR Market) of Shanghai Stock Exchange, becoming the first listed company with the same share and different rights in this board. Wu Jincheng, Chairman of Shanghai Municipal Commission of Economy and Informatization, was present and made a speech.
Mr. Wu pointed out that UCloud is a private enterprise founded and developed in Shanghai. Since its establishment in 2012, under the leadership of the founder, it has established a leading position in the domestic public cloud service market through the joint efforts of more than 1,000 members. The successful listing of the company on the STAR Market means the high recognition by the capital market, which will improve the development of the company into a new stage. For the next step, Shanghai will accelerate the promotion of digital economy to empower traditional industries, attract high-quality enterprises from upstream and downstream of the industrial chain, build a wider "circle of friends" and optimize the ecology of the new generation of information technology industry. As an industry co-ordination and enterprise service authority, the Commission will take the enterprise demand as the fundamental guidance, continue to enhance the sense of acquisition of enterprises during their innovation and entrepreneurship in Shanghai, and jointly create a new miracle of high-quality development of industrial economy and smart city in the new era.
Founded in 2012, UCloud is a leading neutral cloud computing service provider in China. At present, relying on 32 large efficient and energy-saving green data centers deployed around the world, UCloud has provided cloud service support for tens of thousands of enterprises in the global business, with hundreds of millions of users. The annual operating revenue exceeds RMB 1 billion.
