Feitu Shanglian Cloud Information Technology Co., Ltd IPO - What You Need to Know

Hey there! If you’re thinking about investing in this IPO, here’s the lowdown in plain English. No fancy jargon, just the stuff that matters.

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1. What does this company actually do?

Feitu started as a cloud data service provider but has morphed into a "Swiss Army knife" app for daily life. They now offer food delivery, ride-hailing, travel bookings, supermarket deals, bill payments, and even sell their own liquor brand (Feitu Wine!). They’ve also rolled out quirky tech like:

• Shared phone chargers in malls
• AI homework helpers for students
• 5G phone plans with local discounts
  Think of them as a mashup of Uber, DoorDash, Amazon, and a wine merchant – all in one app.

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2. How do they make money, and are they growing?

Old model: Subscription fees for cloud services
New tricks:

• Taking a cut from every ride/food order
• Selling physical products (wine, gadgets)
• 5G plan partnerships with local TV providers
  Growth? Revenue jumped 40% last year with 200+ new business clients. But here’s the catch: they’re still not profitable. They’re spending heavily to grow these new services.

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3. What will they do with the IPO money?

Mostly the same plan: build data centers, hire engineers, and pay debt. But now they’re adding:

• Global expansion of Feitu Wine
• More shared charging stations
• Development of AI gadgets (like homework helpers)

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4. What are the main risks?

• Spreading too thin: Competing with Uber, Amazon, telecoms, and liquor brands is a tall order.
• Regulation roulette: Alcohol sales, 5G partnerships, and foreign trade could face new rules.
• Cash burn: If new ventures like 5G plans or wine sales underperform, the company could hit a financial wall.

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5. How do they compare to competitors?

They’re aiming to be China’s "super app" – similar to Meituan or Grab. Their edge? Combining cheap cloud services with everyday consumer features. But unlike focused competitors, they’re betting on being a jack-of-all-trades.

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6. Who’s running the company?

Still led by CEO Li Wei (cybersecurity expert) and CFO Zhang Ming (startup growth specialist). New challenge: managing a liquor brand alongside AI gadgets and 5G plans.

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7. Where will it trade?

Hong Kong Stock Exchange (HKEX) under symbol FTSC.

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8. How many shares, and what’s the price?

10 million shares priced between HK$20–HK$25 each, valuing the company at ≈HK$2.5B.

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Bottom Line:

This IPO is a high-risk, high-reward play. Feitu could become the next big lifestyle app… or collapse under its own ambition. Only consider investing if you’re okay with:

• A company that’s equal parts tech, wine, and telecom
• Wild stock price swings
• Waiting years for potential profits

Final thought: If you’re intrigued by moonshot bets and can stomach volatility, keep this on your radar. If you prefer stable, profitable companies, this might not be your match.

Got questions? Drop ’em below! 👇