Qatar Sovereign Wealth Fund Qatar Investment Authority Invests $200 Million in Hong Kong-Listed Software & Enterprise Cloud Group Kingdee Internationa
14th December 2023 | Hong Kong
Qatar sovereign wealth fund Qatar Investment Authority (QIA) has announced the investment of $200 million in Hong Kong-listed software & enterprise cloud group Kingdee International for 4.26% shareholding. Kingdee (14/12/23: $4.8 billion market value) is founded in 1993 & is headquartered in China Shenzhen. Announcement: “The investment in Kingdee aligns with QIA’s strategic approach to invest in companies and technologies that are leading global digitalization and shaping the future enterprise ecosystem.” In July 1991, Mr. Xu Shaochun, the founder of the group, founded “Shenzhen Aipu Computer Technology Co Ltd.
“ Qatar Sovereign Wealth Fund Qatar Investment Authority Invests $200 Million in Hong Kong-Listed Software & Enterprise Cloud Group Kingdee International for 4.26% Shareholding, Kingdee with $4.8 Billion Market Value is Founded in 1993 & Headquartered in China Shenzhen “
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Shaochun XU, Chairman of the Board and CEO of Kingdee: “This Strategic Investment underscores Kingdee’s increasingly leading position in China’s enterprise digital management industry and further supports our international growth strategy.”
Mohammed Al-Hardan, Head of Technology, Media and Telecommunications (TMT) Department at QIA: “Qatar Investment Authority is committed to investing in technology companies driving global innovation. We believe in the long-term growth opportunity of Asia’s software sector and recognise Kingdee as a category leader and key enabler of enterprise cloud transformation. We are pleased to add Kingdee to our growing Asia TMT portfolio.”
Qatar Sovereign Wealth Fund Qatar Investment Authority Invests $200 Million in Hong Kong-Listed Software & Enterprise Cloud Group Kingdee International for 4.26% Shareholding, Kingdee with $4.8 Billion Market Value is Founded in 1993 & Headquartered in China Shenzhen Hong Kong | Leading Financial Centre in Asia
About Kingdee
Kingdee International Software Group Company Limited (“Kingdee”), established in 1993, is a globally renowned enterprise management cloud SaaS company. Kingdee is listed on the Main Board of the Hong Kong Stock Exchange (Stock Code: 0268.HK) and headquartered in Shenzhen, China. Adhering to the core values of “Acting in all Conscience, with Integrity and Righteousness”, Kingdee takes the mission of “serving the enterprise wholeheartedly and growing together with users around the world.” Kingdee is committed to becoming the “most trustworthy enterprise service platform”. Kingdee’s major cloud service products have been selected by industry lighthouse customers, including Kingdee Cloud Cosmic (packageable enterprise-grade PaaS platform), Kingdee Cloud Constellation (large enterprise SaaS management solution), Kingdee Cloud Galaxy (high-growth enterprise SaaS management solution), Kingdee Cloud Stellar (small and micro enterprise SaaS management solution). Kingdee has provided management software and cloud services for more than 7.4 million enterprises, governments, and organizations across the world.
About QIA
Qatar Investment Authority (“QIA”) is the sovereign wealth fund of the State of Qatar. QIA was founded in 2005 to invest and manage the State’s reserve funds. QIA is among the largest and most active sovereign wealth funds globally. QIA invests across a wide range of asset classes and regions, in partnership with leading institutions around the world, to build a global and diversified investment portfolio with a long-term perspective that can deliver sustainable returns and contribute to the prosperity of the State of Qatar.
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