QingCloud
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company does
QingCloud (青云科技, QingCloud Technologies), founded in 2012 by Richard Huang (Huang Yunsong), Reno Gan and Spencer Lin, was one of China's first hybrid-cloud providers, offering IaaS-based public cloud, private cloud and cloud services to enterprise customers (over 45,000 by 2016). It raised about $350 million across rounds including a $100 million Series C in 2016 led by RMB funds, and listed on Shanghai's STAR Market in March 2021, becoming the first 'Cloud' stock in China's A-share market. The business has been chronically loss-making, with net profit margins around -40% to -53% in 2017-2019.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Founded
QingCloud founded in Beijing by Richard Huang, Reno Gan and Spencer Lin (TechNode says May 2014; EqualOcean says 2013) to provide enterprise cloud computing services.
- Series C
Raised $100 million Series C, bringing total funding to about $122 million at the time.
- STAR Market listing
QingCloud listed on Shanghai's STAR Market in March 2021, the first pure 'Cloud' stock in China's A-share market, raising CNY 1.18 billion.
- Status
The company remains loss-making and no confirmed closure/bankruptcy event in 2025 was found; the record's reported_failure flag could not be independently verified.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.