Latest news with #Kingdee
South China Morning Post
23-03-2025
- Business
- South China Morning Post
Chinese software maker Kingdee embraces AI, deploys DeepSeek across cloud services
Chinese enterprise software provider Kingdee International Software Group is fully embracing artificial intelligence (AI) as DeepSeek significantly reduces costs for businesses to adopt large language models, company executives said in an interview. Advertisement 'DeepSeek is a groundbreaking product,' George Liu, Kingdee's vice-president and head of research and development, said in an interview on March 18. 'It's open-source and accessible to all … which brought significant benefits for companies like Kingdee and our clients.' Kingdee is one of the largest software-as-a-service (SaaS) providers in China. Last Month, the company said it had incorporated DeepSeek models into its offerings, addressing business management needs in areas including finance, human resources and supply chain. It also launched a platform called Cosmic, enabling enterprises to build their own customised AI agents based on DeepSeek models. The company's Hong Kong-listed shares have surged about 90 per cent this year. 'Before DeepSeek, software vendors' abilities were limited,' said Kingdee president Zhang Yong. 'Not every company has the investment resources to develop large AI models, and if you integrate other models, they're usually very expensive.' George Liu (left), Kingdee vice-president and head of research and development, and president Zhang Yong in Hong Kong on March 18. SCMP/ Xinmei Shen The emergence of DeepSeek 'broke AI hegemony' and made Kingdee's products and technology 'completely self-sufficient and controllable', company founder, chairman and CEO Xu Shaochun wrote in an article published on WeChat earlier this month.
Yahoo
05-03-2025
- Business
- Yahoo
Exploring Three High Growth Tech Stocks In Asia
As global markets face volatility with declining consumer confidence and regulatory uncertainties impacting growth stocks, the Asian tech sector presents intriguing opportunities for investors seeking high-growth potential. In this environment, identifying promising tech stocks involves evaluating companies that demonstrate strong innovation capabilities and resilience to geopolitical tensions, making them well-positioned to navigate current challenges. Name Revenue Growth Earnings Growth Growth Rating Suzhou TFC Optical Communication 35.12% 34.05% ★★★★★★ Zhongji Innolight 29.20% 29.62% ★★★★★★ Xi'an NovaStar Tech 30.18% 35.32% ★★★★★★ Seojin SystemLtd 35.41% 39.86% ★★★★★★ eWeLLLtd 24.65% 25.30% ★★★★★★ PharmaResearch 23.41% 26.41% ★★★★★★ Mental Health TechnologiesLtd 21.91% 92.81% ★★★★★★ JNTC 24.99% 104.40% ★★★★★★ Dmall 29.53% 88.37% ★★★★★★ Delton Technology (Guangzhou) 20.25% 29.52% ★★★★★★ Click here to see the full list of 521 stocks from our Asian High Growth Tech and AI Stocks screener. Below we spotlight a couple of our favorites from our exclusive screener. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Kingdee International Software Group Company Limited is an investment holding company involved in the enterprise resource planning business, with a market capitalization of approximately HK$50 billion. Operations: Kingdee International Software Group derives its revenue primarily from the Cloud Service Business, contributing CN¥4.86 billion, and the ERP Business at CN¥1.13 billion. The focus on cloud services indicates a significant shift in their business model towards digital transformation solutions. Kingdee International Software Group is expanding its global footprint, recently opening a regional headquarters in Qatar to tap into the Middle East market. This move aligns with its strategic goals following a significant $200 million investment from the Qatar Investment Authority, recognizing Kingdee's role in enterprise cloud transformation. Financially, while currently unprofitable, Kingdee is expected to see robust annual earnings growth of 42.61%, with revenue growth projected at 15.4% per year, outpacing Hong Kong's average of 7.9%. Despite challenges like a forecasted low return on equity of 3.8% in three years and absence of positive free cash flow, these expansions and investments could catalyze future profitability and strengthen its position in digitalization trends globally. Take a closer look at Kingdee International Software Group's potential here in our health report. Review our historical performance report to gain insights into Kingdee International Software Group's's past performance. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Jiangsu Eazytec Co., Ltd. specializes in developing core firmware products for cloud computing equipment in China, with a market capitalization of CN¥5.59 billion. Operations: Eazytec focuses on creating core firmware for cloud computing equipment, contributing to its market presence in China. The company's revenue model is centered around the development and sale of these specialized technology products. Jiangsu Eazytec, a player in the bustling tech scene of Asia, has shown notable financial dynamics with an annual revenue growth of 14.2%, outstripping the Chinese market average of 13.3%. Despite a recent dip in net income from CNY 56.16 million to CNY 32.09 million, the firm is actively managing its capital; evidenced by its share repurchase initiative where it bought back over 1.45 million shares for approximately CNY 50.99 million since November last year. This strategic move underscores its commitment to enhancing shareholder value and confidence in its operational stability amidst competitive pressures. Navigate through the intricacies of Jiangsu Eazytec with our comprehensive health report here. Evaluate Jiangsu Eazytec's historical performance by accessing our past performance report. Simply Wall St Growth Rating: ★★★★★☆ Overview: Giga-Byte Technology Co., Ltd. and its subsidiaries are involved in the manufacturing, processing, and trading of computer peripherals and component parts across Taiwan, Europe, the United States, Canada, China, and other international markets with a market cap of NT$179.53 billion. Operations: The company operates through its Brand Business Division, generating NT$244.47 billion, which is a significant portion of its revenue. The focus on manufacturing and trading computer peripherals and components positions it prominently in international markets. Giga-Byte Technology is making significant strides in the high-growth tech sector, particularly with its recent showcase at MWC 2025. The company's focus on AI computing solutions from development to deployment, including the release of next-gen G893 AI servers and GIGAPOD for cloud data centers, highlights its commitment to innovation and industry leadership. These efforts are supported by a robust R&D investment strategy that ensures Giga-Byte remains at the forefront of technological advancements. With annual revenue growth at 17.2% and earnings increasing by 25.5% annually, these strategic initiatives position Giga-Byte well for sustained growth in a rapidly evolving market. Click to explore a detailed breakdown of our findings in Giga-Byte Technology's health report. Gain insights into Giga-Byte Technology's past trends and performance with our Past report. Investigate our full lineup of 521 Asian High Growth Tech and AI Stocks right here. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:268 SHSE:688258 and TWSE:2376. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
