Kingdee International Software

What Kingdee International Software does

Kingdee International Software Group Company Limited (金蝶国际软件集团) is a publicly listed Hong Kong enterprise software company (HKEX: 0268.HK) founded in 1993 and headquartered in Shenzhen. It develops and sells cloud-based enterprise management software for large enterprises, high-growth mid-market firms, and small/micro businesses, spanning ERP, HR, supply chain, manufacturing, tax, and omni-channel commerce. The product portfolio is anchored by Kingdee Cloud Cosmic (苍穹), an enterprise-grade PaaS platform, and a tiered SaaS suite: Star Han (星瀚) for large enterprises, Galaxy (星空) for high-growth firms, Stellar (星辰) for SMBs, plus EAS Cloud for group enterprises and Guanyi Cloud for e-commerce operators.

The underlying technology is a cloud-native SaaS + PaaS architecture with multi-tenant deployments, low-code development services, RPA, blockchain, and an AI service cloud. Kingdee's proprietary financial large language model, built on 30 years of domain expertise and trillions of data points, powers approximately 20 enterprise AI agents deployed across finance, HR, supply chain, and contract review. The Cosmic Agent Platform integrates multiple foundational models including DeepSeek (fully integrated across all SaaS apps in February 2025), Doubao, Tongyi Qianwen, and Kingdee's own model. Kingdee serves 6.8+ million enterprises and 80+ million end users, with named flagship customers including Huawei, Mengniu, CNPC, Geely, Hisense, China Merchants, Samsung China, Chow Tai Fook, and OPPO.

Revenue is generated primarily through annual cloud subscriptions (81.6% of FY2024 revenue, ~CNY 6.256 billion total), supplemented by software licenses, implementation services, and a 2000+ partner channel ecosystem. Cloud subscription ARR grew 20.0% YoY in FY2024 and 20.9% YoY in FY2025. Distribution combines direct enterprise sales for large accounts, channel partner network for mid-market, and self-serve PLG for SMB. Geographically, Kingdee operates regional headquarters in Hong Kong (since 2001), Singapore, Macau, and Qatar (established February 2025 following a $200M strategic investment from Qatar Investment Authority). The company rebranded from 'Kingdee Cloud' to 'Kingdee AI' in 2025, formalizing a strategic pivot toward AI-powered enterprise management.

Name

Kingdee International Software

Legal name

Kingdee International Software Group Company Limited (金蝶國際軟件集團有限公司)

Website

https://kingdee.com.hk

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Kingdee International Software Group is a Hong Kong-listed (0268.HK) Chinese enterprise cloud software company developing ERP, HR, supply chain, and AI-powered management platforms for 6.8+ million enterprises globally across large, mid-market, and SMB segments.

Ownership category

akta.pro rank

Product category

Enterprise Resource Planning (ERP) Software

NAICS

Software Publishers (5132), Software Publishers (513210)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Private Cloud Platforms (On‑Prem Cloud Stacks) (HDABABAA)

Keywords

• Enterprise resource planning
• Cloud ERP software
• Enterprise SaaS platform
• Financial management software
• Supply chain management

Headquarters

HQ city

Hong Kong

HQ country

Hong Kong SAR China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Cloud Subscription Services (SaaS): Annual recurring subscription model for cloud services including Kingdee Cloud Cosmic (large enterprises), Kingdee Cloud Galaxy (mid-sized), and Kingdee Cloud Stellar (small businesses). Subscription revenue represented 81.6% of total revenue in 2024. Net Dollar Retention rates of 95% for Galaxy and 96% for Stellar products
2. Software Licenses and Implementation: Traditional software license sales and professional implementation services for on-premise and hybrid deployments, particularly for EAS Cloud and KIS products
3. Partner Ecosystem Revenue: Revenue from channel partners including value-added distribution, implementation services, and professional services through certified partner network across Asia Pacific

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Kingdee develops and sells cloud-based enterprise management software spanning the Kingdee Cloud Cosmic PaaS platform, tiered SaaS suites (Cosmic Star Han for large enterprises, Galaxy for high-growth enterprises, Stellar for small businesses, EAS Cloud for group enterprises), Guanyi Cloud for e-commerce merchants, and an IFRS 16 lease accounting solution. The products cover finance, HR, supply chain, manufacturing, tax, procurement, and omni-channel marketing, augmented by a proprietary financial Large Language Model and 20+ AI agents for automation and analytics.

Product overview

Kingdee International Software Group operates a multi-tier cloud-based enterprise management software portfolio spanning large enterprises, high-growth mid-market companies, and small/micro businesses. The core platform hierarchy includes 金蝶雲·蒼穹 (Cosmic) as the enterprise-grade PaaS platform for large enterprises; 金蝶雲·星瀚 (Star Han) as the large enterprise EBC SaaS solution; 金蝶雲·星空 (Galaxy) as the high-growth enterprise EBC platform; 金蝶雲·星辰 (Stellar) as the SMB SaaS management cloud; and 金蝶EAS Cloud for group enterprise management. Supporting these core platforms are specialized functional modules including Financial Accounting Cloud, HR Cloud, Supply Chain Cloud, Smart Manufacturing Cloud, Tax Management Cloud, Invoice Management Cloud, Group Procurement Cloud, Omni-channel Marketing Cloud, and Cloud-Hub Mobile Office. The Cosmic PaaS platform includes sub-modules for AI services, data services, development services, process services, RPA, blockchain, integration services, and data center capabilities. The company also offers domain-specific brands including 金蝶·管易雲 (Guanyi Cloud) for e-commerce operators and specialized IFRS 16 lease accounting compliance solutions. The portfolio collectively addresses ERP, EBC, AI-powered enterprise management, and digital transformation needs across multiple industries.

Differentiator

Problem solved

Functional benefit

Brands

• 金蝶雲·蒼穹 (Kingdee Cloud Cosmic): Enterprise-level PaaS platform for large enterprises, based on cloud-native architecture, providing digital combat effectiveness engine for enterprises with multi-scene and multi-level digital support.
• 金蝶雲·星瀚 (Kingdee Cloud Constellation)
• 金蝶雲·星空 (Kingdee Cloud Galaxy)
• 金蝶雲·星辰 (Kingdee Cloud Stellar)
• 金蝶 EAS Cloud
• 金蝶·管易雲 (Guanyi Cloud)
• 雲之家 (Cloud-Hub / Yunzhijia)
• 精斗雲 (Jingdou Cloud / KuaiDou Cloud)
• 我家雲 (Wojia Cloud)
• 車商悅 (Cargeer)

Products and services

• Kingdee Cloud Cosmic (金蝶云·苍穹) Enterprise-grade PaaS platform built on cloud-native architecture, providing multi-scenario digital support for large enterprises. Enables rapid business innovation and mid-office architecture construction as the optimal platform for implementing EBC (Enterprise Business Capability).
• Kingdee Cloud Star Han (金蝶云·星瀚) Large enterprise EBC platform covering finance, HR, supply chain, manufacturing, and cross-border operations. Offers AI-powered SaaS applications and intelligent agents for Fortune 500 enterprises, leading in technology, market share, and customer satisfaction.
• Kingdee Cloud Galaxy (金蝶云·星空) High-growth enterprise EBC platform supporting IPD, Lean, and Amoeba management methodologies across 28,000+ customer deployments. SaaS market leader for high-growth enterprises, ranked #1 in market share for 4 consecutive years.
• Kingdee Cloud Stellar (金蝶云·星辰) Small business SaaS management cloud focused on online business operations and digital management. Supports customer acquisition, smart management, and real-time decision-making for micro and small enterprises, connecting ecosystem partners for one-stop services.
• Kingdee EAS Cloud Digital platform for group enterprises, enabling centralized management across multiple business units, locations, and geographies. Supports large-scale organization management with financial, HR, supply chain, and governance capabilities.
• Kingdee Guanyi Cloud (金蝶·管易云) E-commerce cloud service platform for online merchants. ISV partner with 60+ mainstream e-commerce platforms including Taobao, Tmall, JD.com, and Pinduoduo. Peak order processing speed of 25,000 orders/second; certified as top choice for Double 11 peak sellers for 8 consecutive years.
• Kingdee IFRS 16 Solution Specialized module for IFRS 16 lease accounting compliance, covering lease contracts management, right-of-use asset management, lease liability management, IFRS 16 calculation engine, and integrated reporting. Seamlessly connects with Kingdee ERP and supports third-party ERP integration.

Quantifiable outcome

• Contract review efficiency improved by 100% using AI
• +7 more outcomes

Named customers18 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability9 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Qatar Investment Promotion Agency (Invest Qatar)coreStrategic or Co-development Partner · 1 February 2025Invited Kingdee to establish Qatar operations; supports Kingdee's market entry and expansion in Middle East; collaborating to advance Qatar's economic growth and technology advancement goals under the Third National Development Strategy.
• Qatar Free Zones Authority (QFZ)coreStrategic or Co-development Partner · 1 February 2025Kingdee establishing regional center in Qatar Free Zone, part of joint efforts between QIA, Invest Qatar, and QFZ to support Qatar's Third National Development Strategy.
• DeepSeekcoreTechnology or Integration · 1 February 2025Full integration of DeepSeek across all Kingdee Cloud SaaS applications and Cosmic platform, providing more efficient, secure, and lower-cost AI solutions. DeepSeek's powerful general intelligence and reasoning capabilities help Kingdee customers accelerate AI application deployment.
• China Unicom (联通)coreStrategic or Co-development Partner · 1 January 2019Joint venture to launch Yundee (云nedee), an industrial Internet platform combining Kingdee's enterprise software capabilities with China Unicom's telecom infrastructure, officially unveiled at 2019 China Industrial Internet Conference.
• Gree Electric (格力电器)minorStrategic or Co-development Partner · 1 January 2019Chairman Dong Mingzhu of Gree appeared at Kingdee events to discuss China's manufacturing industry direction post-pandemic. Both companies promote digital transformation and Chinese management philosophy.
• Aisino (航天信息)minorStrategic or Co-development Partner · 1 January 2016Strategic partnership to provide low-cost and high-efficiency integrated financial and taxation management services for corporate users.
• Amazon AWScoreTechnology or Integration · 1 January 2015Global strategic cooperation agreement to help Kingdee build world-class ERP cloud service platform, accelerate China's enterprise cloud computing market development, and build a cloud computing ecosystem.
• JD.com (京东)coreStrategic or Co-development Partner · 1 January 2015JD.com purchased 10% stake in Kingdee and entered strategic partnership to jointly provide cloud-based ERP integration solutions for SMEs, offering one-stop service experience for customers.
• China TravelSky HoldingminorStrategic or Co-development Partner · 1 January 2015Jointly facilitated China's first e-invoicing system, helping financial personnel shift from pure accounting to management accounting.
• Taiji (太极)minorStrategic or Co-development Partner · 1 January 2015Investment in Kingdee Middleware with strategic cooperation focusing on technology, products, and programs to jointly promote independent and controllable businesses.

Scale indicators15 records

Recent moves13 records

Expansion highlights6 records

Emerging players

• Workday: Workday competes directly with Kingdee HR Cloud and Financial Cloud in global enterprises for cloud-native HCM and financial management. Both are featured in Gartner HCM Market Guides, and both pursue AI-augmented enterprise workflows, making Workday a relevant functional peer in cloud ERP-adjacent categories.
• Infor: Infor provides industry-specific cloud ERP suites (Infor CloudSuite) targeting manufacturing, healthcare, and distribution — overlapping with Kingdee's Smart Manufacturing and industry-vertical offerings. Both compete for mid-market and large-enterprise digital transformation budgets.
• Salesforce: Salesforce competes with Kingdee's customer-facing modules (Omni-channel Cloud, CRM-adjacent functionality) and increasingly in enterprise AI agents (Agentforce). Both target digital transformation of the enterprise with cloud-native architectures, though Salesforce focuses on front-office while Kingdee anchors in back-office ERP/EBC.
• ServiceNow: ServiceNow competes with Kingdee's Cosmic Process Service Cloud and workflow automation capabilities in enterprise digital transformation deals. Both have pivoted toward AI agents and hyper-automation, with overlapping enterprise platform narratives in mid-to-large accounts.

Broad incumbents

• SAP: SAP is the global ERP/EBC incumbent (S/4HANA, SAP Business Technology Platform, SAP Joule AI) that Kingdee competes against in large-enterprise and Fortune 500 deals in Greater China and increasingly in MENA. Both target finance, supply chain, and HR transformation at the top of the enterprise market, with SAP offering a broader global footprint.
• Oracle: Oracle Fusion ERP Cloud and NetSuite compete head-to-head with Kingdee Cosmic and Galaxy respectively in large-enterprise and mid-market segments. Both are pursuing cloud-first enterprise application strategies with embedded AI, and Oracle's broader database/cloud infrastructure stack competes with Kingdee's Cosmic PaaS positioning.
• Microsoft (Dynamics 365): Microsoft Dynamics 365 Finance & Supply Chain and Business Central compete with Kingdee in the mid-market and large-enterprise segments globally. Bundling with Microsoft 365, Teams, and Azure gives Dynamics an embedded productivity + infrastructure advantage that pressures standalone ERP vendors like Kingdee on integration and TCO.

Direct peers

• Yonyou Network (UFIDA): Yonyou is Kingdee's closest direct competitor in the China enterprise software market, offering parallel ERP, financial, HR, and cloud SaaS suites (YonBIP, NC Cloud, U8) to similar large-enterprise and mid-market Chinese customers. Head-to-head rivalry in SOE procurement and large-enterprise EBC deals makes it the most comparable peer.

Regional players

• Inspur (浪潮):

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCpQ-lPusSDhB9QNpp5pcBGA
• Facebookfacebook.com/KingdeeAsiaPacific
• LinkedInlinkedin.com/company/kingdeeasiapacific
• Instagraminstagram.com/kingdeeasiapacific

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kingdee International Software