Xunce Technology Races Toward Hong Kong IPO: H1 Revenue Hits 200 Million Yuan with 6 Billion Yuan Valuation; Filing Approved and Backed by Tencent

▤ Summary

Xunce Technology is preparing for a Hong Kong IPO after filing approval and a valuation above 6 billion yuan. The company provides real-time data infrastructure and analytics software for enterprise customers, with its core platform deployed in customer-managed cloud or on-premises environments. Its first-half 2025 revenue reached 198 million yuan, down 30% year over year, while paid customers fell to 121. The filing also highlights Tencent-backed ownership and a long funding history, but the main news is the company’s move toward public listing.

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