Chinese Cloud service provider Qiniu files $100 million US IPO

2021-05-06 13:00:00

Alibaba-backed cloud service provider Qiniu has filed for a $ 100 million IPO on Nasdaq. Taobao China, an affiliate of Alibaba, is its largest institutional shareholder, with a 17.7 percent stake.

Qiniu is a leading PaaS (Platform as a Service) provider and independent MPaaS (Mobile Platform as a Service) provider in China, providing customers with MPaaS services for multimedia data intelligence and solutions, and DPaaS（Data Protection as a Service） services for machine-based data intelligence and solutions. The company's data storage scale is at EB level, with 230 million minutes of daily live streaming and real-time interaction.

Cloud service Alibaba Chinese Company

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