IPO Update | Haimacloud's HK IPO Prospectus Lapses

Stock News
2025/12/29

Anhui Haimacloud Technology Co., Ltd. (Haimacloud) saw its Hong Kong stock IPO prospectus lapse on December 27, after the six-month validity period expired from its initial submission on June 27. China International Capital Corporation Limited and CMB International Capital Corporation Limited acted as its joint sponsors at the time of filing.

According to the previous prospectus, Haimacloud is China's largest GPUaaS provider for real-time cloud rendering services in the cloud gaming sector. Data from CIC indicates that based on 2024 revenue, the company ranked first among real-time cloud rendering service providers for cloud gaming scenarios in China, capturing a market share of 17.9%.

The company provides real-time cloud rendering services and related solutions to clients in industries such as gaming, pan-entertainment, digital culture and tourism, and digital education.

These services and solutions are supported by a self-developed and deeply integrated platform software and infrastructure hardware, equipped with deeply integrated software and hardware centered on GPU graphics computing.

This architecture enables end-users to access GPU-based high-performance digital content and applications anytime, anywhere, across different devices, without being constrained by the limitations of their own hardware.

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