In the evolution of the artificial intelligence industry, the ability to implement technology into sustainable commercial cycles and generate verifiable industrial value remains a core focus for capital markets. On February 27, a leading Chinese AI marketing technology firm specializing in global expansion officially submitted its listing application to the Hong Kong Stock Exchange, aiming to become the first listed company centered on multi-agent systems. Its refined business flywheel model, developed over nearly a decade, not only validates the commercial viability of AI applications but also sets a service benchmark in the wave of Chinese enterprises going global.
The company is a technology enterprise committed to providing results-driven marketing solutions for worldwide business growth, guided by the mission of "empowering commerce with AI and enabling growth through intelligence." Supported by robust AI marketing capabilities, it has managed over 400 million advertising strategies and 14 million standardized product units, delivering extensive and precise international market data coverage. Furthermore, the company has established deep collaborations with global media leaders such as Meta, Google, TikTok, and Snap, with a media network spanning more than 200 countries and regions. It integrates approximately 7 million media platforms and 150 million influencer resources, enabling diverse and in-depth scenario coverage.
Building on this foundation, the company has created a self-reinforcing closed loop encompassing "scenario-data-model-results," effectively enhancing both technological capabilities and client service efficiency. With each marketing campaign, real performance data continuously flows back, refining the judgment and decision-making quality of its core AI model. Over time, this forms a self-reinforcing growth flywheel: better data leads to more accurate decisions, improved outcomes, and further enhancement of the intelligent engine, continually amplifying the company's competitive edge.
This flywheel mechanism's compounding commercial benefits are clearly reflected in client scale and retention. According to the prospectus, the number of clients nearly doubled year-over-year in the first three quarters of 2025. Throughout 2025, the company served over 100,000 advertisers, including technology firms such as ByteDance and Changhong, internationally recognized consumer brands like Skechers, 361°, Realme, and FeelinGirl, as well as gaming companies such as Century Huatong, 37 Interactive Entertainment, Lilith Games, IGG, and Kuro Games.
Notably, with the launch of its multi-agent system, AI marketing has significantly lowered the barrier for businesses to utilize professional marketing technology, attracting a large influx of small and medium-sized merchants and emerging developers. The prospectus indicates that the number of standard clients nearly doubled in the first three quarters of 2025 compared to the same period in 2024, with client coverage expanding in tandem with company revenue.
The founder stated, "We adhere to using technology for business, leveraging AI to bridge cultural gaps and BI to eliminate experience disparities. Based on nearly ten years of data accumulation and practical training, we have built solid barriers in AI agents and scenario applications, truly transforming technological capabilities into deliverable business growth."
Looking ahead, the multi-agent system will evolve into a universal collaborative workspace. The prospectus reveals that the company will continue to expand its portfolio of multi-type agent capabilities, incubating and integrating more specialized scenario agents in a modular fashion to enhance scalability and evolutionary potential.
From an industry perspective, the company operates in a highly dynamic potential market valued in the trillions. Globally, the AI marketing technology market is projected to grow from $25.9 billion in 2024 to $118.2 billion by 2029, representing a compound annual growth rate of 35.5%. The segment for Chinese AI marketing technology aimed at global expansion is growing even faster, at 42.2%, while total global marketing expenditure upstream is expected to reach approximately $2.0 trillion by 2029. This provides vast growth space for the company's business model.
Market analysis suggests that with its clear commercial闭环, verifiable customer value, and continuously self-evolving flywheel model, the company has established a leading position in China's overseas AI marketing sector. The Hong Kong listing application is expected to help the firm further solidify its technological and service capabilities, continuously realize the benefits of its business model amid rapid industry growth, and propel global commerce into a new era of intelligence-driven sustainable expansion.
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