ZIXUN TECH Files HKEX Listing Application, Aims to Be the First E-Commerce Security Operation Stock
NewTimeSpace News: Zixun Technology (Fujian) Co., Ltd. submitted a Main Board listing application to the Hong Kong Stock Exchange on 24 June, striving to become the first listed stock specializing in cross-border e-commerce security operation services. Guotai Junan International acts as the sole sponsor. According to Frost & Sullivan data measured by 2025 revenue, the Company ranks as China’s largest provider of e-commerce security operation products, and its Ziniao Browser has served a total of 8 million online stores.
NewTimeSpace News: As disclosed by the Hong Kong Stock Exchange, Zixun Technology (Fujian) Co., Ltd. filed a Main Board listing application with the HKEX on 24 June 2026, with Guotai Junan International appointed as the sole sponsor.
Zixun Technology is an e-commerce technology enterprise dedicated to revolutionizing e-commerce operation models by integrating industry expertise and AI technologies. The Company has built a product portfolio consisting of two complementary product lines:E-commerce security operation products represented by Ziniao Browser, which deliver secure, reliable and efficient multi-store cross-platform management solutions for sellers. It has become the industry benchmark and indispensable infrastructure for global merchants.E-commerce AI application products led by LinkFox, a proprietary comprehensive AI product matrix tailored for store operations, lifting efficiency across all core links including market research, content generation, product detail page design and sales analytics.
Per Frost & Sullivan statistics based on 2025 revenue, the Company ranks first in China’s e-commerce security operation product market as the country’s leading supplier in this segment. As China’s first dedicated cross-border e-commerce security operation tool, Ziniao Browser has cumulatively supported 8 million merchant stores, with an average net dollar retention rate exceeding 120% from 2023 to 2025.The Company’s revenue registered a CAGR of 51.7% from 2023 to 2025, hitting RMB687 million in 2025;Operating profit posted a CAGR of 145.4%, reaching RMB257 million in 2025;Operating cash flow achieved a CAGR of 111.1%, amounting to RMB364 million in 2025.
The subscriber base of LinkFox recorded a growth rate of 238.2% between 2024 and 2025.
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