Former Global Vice President of Apple and Nvidia oversaw Tianyu Enterprise Service's Hong Kong Stock IPO and sprint to “China's First Enterprise Resource Sharing Service Stock”

The Zhitong Finance App learned that on December 30, Tianjiu Shared Smart Enterprise Service Co., Ltd. (hereinafter referred to as “Tianyu Enterprise Service” or the “Company”), a leading enterprise resource sharing service platform in China, submitted an A1 form, and CCB International acted as co-sponsors.

If this IPO is successful, Tianyu Enterprise Service may become “the first enterprise resource sharing service share in China”. The “Enterprise Resource Sharing Service” behind it, a unique circuit full of opportunities, also gradually surfaced.

The Zhitong Finance App notes that the chairman and CEO of Tianyu Enterprise Service is Ge Jun. The latter has nearly 25 years of experience in managing multinational technology giants. He has served successively as global vice president of three Fortune 500 companies, including Intel, Apple, and Nvidia, and has led the main investments of Intel (INTC.US) and Apple (AAPL.US) in China.

Since taking charge of Tianyu Enterprise Service in 2019, Ge Jun has introduced international project management methods and digital transformation concepts to promote the successful transformation of the company from an early “event organizer” to a “creator of a resource sharing platform for enterprise growth”.

Currently, at the critical stage of China's economic transformation and upgrading, and the transformation of old and new kinetic energy, enterprises generally face structural misalignment of “innovation vitality” and “resource capacity”: a large number of innovative enterprises have new technologies, new products, and new models, but it is difficult to achieve rapid business expansion due to bottlenecks such as channels, resources, and capital; traditional enterprises have mature resource systems but their original business growth has stagnated or even declined, and they lack the ability to innovate themselves.

As a bridge connecting the two parties, the enterprise resource sharing service platform is committed to integrating enterprise commercial resources, especially helping innovative enterprises achieve complementary advantages with the traditional economy, helping the conversion of old and new kinetic energy and creating incremental value by improving the efficiency of resource allocation and use in society as a whole.

Enterprise resource sharing services are an integrated circuit of platform economy and sharing economy. In 2024, the market size is about RMB 31.97 billion (the following units are equivalent), but the market is highly fragmented, with the top five market participants accounting for only 8.6% of the overall market share.

As a leader in the field of enterprise resource sharing services in China, Tianyu Enterprise Service has built a nationwide resource-sharing ecosystem through the “Tianyu Boss Cloud” platform and offline service network. According to Frost & Sullivan data, in terms of revenue, Tianyu Enterprise Service has been the number one enterprise resource sharing service provider in China for many years, with a market share of over 5.4% in 2024.

The company is committed to providing business acceleration services for innovative enterprises. Through integrated online and offline channels, the company connects selected growing innovative enterprises to a wide range of traditional enterprises and entrepreneurs in target markets to achieve batch and standardized business cooperation, help innovative enterprises grow rapidly while providing opportunities for traditional enterprises and entrepreneurs to embrace the new economy.

At the level of operating data, the company showed strong growth momentum and profitability. From 2022 to 2024, revenue grew from 811 million yuan to 1,772 million yuan, with a significant CAGR; in 2023, it turned a loss into profit, with net profit of 621 million yuan in the year and net profit of 2024 increasing to 1,315 billion yuan, and profitability continued to increase. In the first half of 2025, the company's revenue was 725 million yuan, continuing the good development trend.

The company adopts a unique “cash+equity” fee structure. On the one hand, innovative enterprises are charged cash service fees; on the other hand, shares of some innovative enterprises are exchanged based on the achievement of service results, becoming their long-term stable partners. Such charging methods help reduce the pressure on cash payments in the process of business development for innovative enterprises, and also allow companies to better balance steady cash flow and long-term growth potential.

At the level of industry resources, as of the last practical date, Tianyu Enterprise Service's online portal “Tianyu Boss Cloud” platform had more than 6.2 million registered users, most of whom had traditional enterprises and entrepreneurs; it had accumulated more than 400 innovative service enterprises, and more than 20,000 potential innovators had signed confidentiality agreements to enter the resource pool. The industry covers hot tracks such as big consumption, AI and big data, new energy, and environmental protection.

As specifically mentioned in the A1 document, thanks to big data analysis and AI technology, the company has achieved more accurate and efficient business cooperation and matching through the linkage between online platforms and offline activities. The company is a national high-tech enterprise and is a “National Small and Medium Enterprise Public Service Demonstration Platform” certified by the Ministry of Industry and Information Technology. The self-developed “Tianyu Business Opportunity Model Algorithm” was also registered by the State Internet Information Office in 2024.

The capital raised in this IPO will be used for market expansion, technology research and development, mergers and acquisitions, and general corporate purposes, further consolidating Tianjiu Enterprise Service's leading position in the field of enterprise resource sharing.