Kingsware: No. 1 in China’s AI Digital Employee Solutions for 3 Consecutive Years; Hong Kong IPO Application Lapses
NewTimeSpace News: The Hong Kong IPO application of Zhuhai Kingsware Artificial Intelligence Co., Ltd., submitted on December 15, 2025, has lapsed upon the expiry of the six-month validity period. CICC International and BOCI International acted as joint sponsors. According to Frost & Sullivan, the company ranked first in China’s AI digital employee solutions market for 2022–2024 by market share. As of June 30, 2025, it had deployed over 1.8 million AI digital employees and served more than 1,300 premium clients, including over 120 Fortune Global 500 and China 500 enterprises.
NewTimeSpace News: The Hong Kong IPO application of Zhuhai Kingsware Artificial Intelligence Co., Ltd., filed on December 15, 2025, has lapsed after the six-month period. CICC International and BOCI International were the original joint sponsors.
The company is an AI enterprise focused on providingAI digital employee solutionsandenterprise agent solutions. By deeply integrating AI algorithms, large language models (LLMs), and robotic process automation (RPA) with industry scenarios, it enables AI digital employees and agents to handle a wide range of work tasks.
Per Frost & Sullivan data, Kingsware held thetop market share in China’s AI digital employee solutions market from 2022 to 2024, also leading in the number of large and medium-sized enterprise clients in this segment. Its leadership is particularly prominent infinancial services, where it ranked first for three consecutive years.
As of June 30, 2025, the company had deployedover 1.8 million AI digital employeesacross more than ten industries, including financial services, government affairs, and manufacturing. It has servedover 1,300 premium clients, including 120+ Fortune Global 500 and China 500 companies. In financial services, it serves240+ banks(covering China’s six major state-owned banks),130+ securities firms(over 90% of China’s total), and170+ other major financial institutions.
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