Leading the new trend of the trillion-dollar cloud video market, Huichang Communication was successfully listed on the Growth Enterprise Market

On January 25, 2017, Shanghai Huichang Communication Co., Ltd. (hereinafter referred to as Huichang Communication, stock code: 300578) successfully landed on the Shenzhen Stock Exchange Growth Enterprise Market, thus opening the precedent for successful listing of domestic cloud video conferencing companies. Dr. Huang Yuangeng, CEO of Huichang Communication, attended the listing ceremony and delivered a speech.

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The IT industry is undergoing profound changes. Cloud-based IT service solutions are becoming the first choice for enterprises, including enterprise collaboration solutions represented by cloud video. According to a survey by Wainhouse, a third-party analysis agency in the global video conferencing field, about 50% of global enterprises have a demand for deploying cloud video in 2016. In China, the scale of the enterprise-level cloud video market will exceed one trillion.

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As the leader in China's enterprise collaboration market, Huichang Communication has a deep understanding of the development trend of cloud video technology and the needs of Chinese enterprises for cloud video communication. With a 70% market share in China's high-end enterprises, long-term experience in serving large domestic and foreign enterprises, stable and reliable global business platform operation and maintenance capabilities, and industry-leading technology research and development capabilities, Huichang Communication will lead the development trend of China's cloud video conferencing market.

Established in 2006, Huichang Communication's clients include leading enterprises in various industries in China, and 70% of the Fortune 500 companies in China are long-term customers of Huichang Communication. According to Wainhouse's latest research report, Huichang Communication has occupied about 30% of the Chinese collaboration market, ranked second in the Chinese telephone conference service market, and ranked first in the network conference service market, with more than 4,000 customers.

Dr. Huang Yuangeng, CEO of Huichang Communication, said, "This successful listing is an important milestone for Huichang Communication. Huichang Communication will take advantage of this opportunity to build the industry's first next-generation cloud video platform and cloud live broadcast platform with global coverage, meet the global communication and collaboration needs of Chinese companies that are increasingly active on the international stage across media, organizations, and borders, and deepen and expand Huichang Communication's leadership in this field."