Beijing XSKY Technology Co., Ltd. HKEX IPO Application Lapsed, China’s Largest Independent Distributed AI Storage Solution Provider
NewTimeSpace News: The Hong Kong listing application of Beijing XSKY Technology Co., Ltd., submitted on 27 January 2026, has lapsed upon the expiry of the six-month validity period. Huatai International acted as the original sole sponsor. According to CIC Consulting data, measured by 2024 installed capacity, the Company is China’s largest independent distributed AI storage solution provider with a 10.4% market share and ranks as the second-largest distributed AI storage solution provider in China.
NewTimeSpace News: The listing application submitted by Beijing XSKY Technology Co., Ltd. to the Hong Kong Stock Exchange on 27 January 2026 has lapsed upon the expiry of the six-month validity period. Huatai International served as the original sole sponsor.
According to CIC Consulting data, measured by 2024 installed capacity, the Company is China’s largest independent distributed AI storage solution provider with a 10.4% market share and ranks as the second-largest distributed AI storage solution provider in China. The top five distributed AI storage solution providers in China jointly captured a combined market share of 52.3%.
The Company provides two major solution portfolios: AI data lake storage and AI training & inference storage, enabling seamless deployment of AI storage within customers’ business operations. From a technical perspective, the Company operates the industry’s first distributed storage platform supporting full protocols, and one of the earliest distributed storage platforms supporting block, object and file storage within a single cluster. Its distributed block storage delivers performance exceeding 4.1 million IOPS per volume.
The Company’s customer base spans the financial, telecommunications, intelligent manufacturing and other sectors, covering 102 Fortune 500 enterprises, including 3 out of the top five LCD panel manufacturers, 3 out of the top ten power battery manufacturers and 2 out of the top three photovoltaic manufacturers. It also serves 4 out of 12 national joint-stock commercial banks, 11 out of 33 banks with assets exceeding RMB1 trillion, and 4 out of China’s top 10 life insurance institutions.
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