Lei Jun'S Gold Mountain Cloud To The United States IPO Millet Holding 15.8%

Yesterday, Lei Jun, who actually held three listed companies, will soon usher in fourth real controlled listed companies. Recently, an independent cloud service provider, Jinshan Yun, submitted the F-1 prospectus to the US Securities and Exchange Commission (SEC), which is going to be listed on the NASDAQ Exchange with the code "KC".

According to IPO's early news, Jinshan cloud is expected to launch a pre launch roadshow this week, raising about $250 million to $300 million.

Prospectus shows that from 2017 to 2019, 3 years, Jinshan cloud income was 1 billion 236 million yuan, 2 billion 218 million yuan and 3 billion 956 million yuan, respectively, up 79.5% and 78.4% respectively. But at the same time revenue growth, Jinshan cloud losses are also intensifying. Data show that from 2017 to 2019, Jinshan cloud recorded a net loss of 714 million yuan, 1 billion 6 million yuan and 1 billion 112 million yuan in three years, with a total loss of 2 billion 800 million yuan.

In 2017, 2018 and 2019, Jinshan cloud accounted for 93.7%, 95.3% and 97.4% of total revenue respectively from senior customers. The top three customers accounted for 27% (millet), 19% and 10% of total revenue in 2017, 25% (millet), 24% and 11% in 2018, 31%, 14% (millet) and 12% in 2019. The income from Jinshan Group accounts for 4%, 3.5% and 2.8% of the total revenue of Jinshan cloud, respectively. Xiaomi and Jinshan Group are the two largest shareholders of Jinshan cloud. The contribution of millet is very large. The contribution is the first in two years, contributing second in one year.

At present, in the company shareholding structure, Jinshan Group and millet are the top two shareholders, holding 53.8% and 15.8% respectively. In terms of personal shareholding, Jinshan Group and Lei Jun, chairman of millet group, have 15.8% stake, and Jinshan cloud CEO Wang Yulin holds 2.1% shares.

In other words, Lei Jun is also the actual controller of Jinshan cloud. If Jinshan cloud is successful IPO, then Lei Jun will also usher in fourth listed companies that are personally controlled by Jinshan software, Xiaomi group and Jinshan office.

According to the media, Jinshan cloud listed early signs. Since November 2012, after winning the $1 million 820 thousand Angel round of millet technology, Jinshan cloud has gone through four rounds of 9 financing, financing up to $1 billion 20 million. In December 22nd last year, Kingsoft announced a separate announcement to split Jin Shanyun's business and support the latter's independent listing.

Public information shows that Jinshan cloud is a subsidiary company of Jinshan software, founded in 2012, with a registered capital of 200 million yuan. It is a domestic cloud computing service provider. At present, Jinshan cloud provides cloud service products for users and enterprises, and has many core businesses, such as cloud servers, massive cloud storage, load balancing, cloud relational database, and so on.