Shanghai Vision Star Media files for HKEX listing with SPDB International as sole sponsor; China's largest brand-IP content marketing provider

NewTimeSpace News: On 27 August 2026, Shanghai Vision Star Media Co., Ltd. filed a listing application with HKEX, with SPDB International acting as the sole sponsor. The Company is a leading integrated marketing service provider in China, having built a comprehensive service matrix across the full marketing chain, covering brand-IP content marketing, celebrity and influencer marketing, performance marketing, live-streaming e-commerce marketing and international marketing.

According to Frost & Sullivan, by 2025 revenue, the Company was the fifth largest integrated marketing service provider, the largest brand-IP content marketing service provider and the fourth largest celebrity and influencer marketing service provider in China; by 2025 contract value, it was also the largest celebrity marketing service provider in China. Since its establishment in 2011, the Company has helped clients integrate their brands with high-quality IPs including TV dramas, variety shows, short dramas and sports events, and has established proprietary evaluation frameworks for different types of IP. Through its full-chain integrated marketing services, the Company addresses clients' marketing needs across the lifecycle, from brand awareness and interest seeding to user conversion and sales growth.

In terms of clients and platforms, during the track record period the Company served over 2,000 clients across more than 20 industries including cosmetics, daily consumer goods, electronics and home appliances, food and beverages, internet services and gaming; in 2025, its clients included 69 China Fortune 500 enterprises and 14 Fortune Global 500 enterprises, with an average cooperation period of over seven years for its top ten clients. The Company cooperates with more than 50 media platforms, and has been one of the largest local advertising agencies for leading video platforms including Youku, iQiyi and Tencent Video since 2013, as well as one of the largest local advertising agencies on short-video and social media platforms such as Douyin and Weibo; with the development of its international marketing services, the Company became an authorized agency of TikTok for Business in July 2026.

AI has become an important component of the Company's marketing capabilities. The Company cooperates with leading large model developers including Volcano Engine (Doubao), Alibaba Cloud (Qwen), DeepSeek and Tencent Cloud (Hunyuan), and has independently built the "Xinghe AI Full-Link Workbench" covering strategy insight, resource matching, content generation, campaign management and e-commerce operations; during the track record period and up to the last practicable date, the Company's peak daily token usage was approximately 1.7 billion, supporting the generation of over 2,300 AIGC videos per day.

In terms of financials, the Company's revenue grew from RMB 6,245.8 million in 2023 to RMB 8,371.8 million in 2025, representing a CAGR of 15.8%, and increased by 44.1% from RMB 1,599.1 million for the three months ended 31 March 2025 to RMB 2,304.7 million for the corresponding period in 2026; gross profit grew from RMB 252.1 million in 2023 to RMB 362.0 million in 2025, representing a CAGR of 19.8%, with first-quarter 2026 gross profit of RMB 95.6 million, up 42.8% year on year.

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