百望股份有限公司

What 百望股份有限公司 does

百望股份有限公司 (Baiwang Co., Ltd., HKEX: 06657.HK) is a China-based enterprise fiscal-tax compliance and commercial credit infrastructure provider, founded in 2015 and headquartered in Beijing. The company operates a digital business platform serving more than 10 million enterprises with electronic invoice management, tax compliance, and AI-powered data intelligence services. Baiwang holds distinctive regulatory positioning as the contractor for Phase III and IV of China's Golden Tax Project and technical support provider for the National Public Data Resource Registration Platform. The platform processes 639,900+ billion RMB in transactions across 14,300+ million transaction documents and 101,900+ thousand business activities, with a 23-million-plus freemium user base on its small-business invoicing products.

The core technology stack is an AI-powered enterprise data intelligence platform combining agent architecture, multimodal large language models, knowledge graphs, and natural language processing (entity recognition, intent detection, text matching). Proprietary enterprise-level agents span transaction management (recognizing 200+ global invoice formats), tax risk monitoring (3,000+ compliance indicators across nine risk scenarios), financial business decision-making, and intelligent marketing. The Tax-Swift global intelligent tax compliance platform covers 30,000+ international fiscal rules and connects to 20+ country tax authorities. Key certifications include ISO 27001, ISO 9001, CMMI Level 3, CSA-STAR, and China's National Information Security Class III.

Baiwang operates a multi-stream revenue model combining enterprise software subscriptions, usage-based transaction/API fees, freemium basic invoicing for SMBs (with 23M+ non-paying users feeding the funnel), professional implementation services, and data monetization through enterprise credit reports and compliance insight products. Go-to-market combines enterprise field sales targeting large corporations and state-owned enterprises, product-led growth via free self-service invoicing tools, and an ecosystem of channel partners and system integrators. Named enterprise customers include Huazhu Group, COSCO Shipping, Xiaomi Technology, China Southern Airlines, ANTA Sports, China National Petroleum, Jinjiang Group, and AEON Group across banking, insurance, manufacturing, retail/chain, logistics, energy, hospitality, and public sector verticals. The company is recognized as a 2024 Beijing Unicorn Enterprise and recently executed flagship partnerships with Tencent Cloud, Ant Digital Technologies, Staple AI (Singapore), and the Financial Big Data Bureau to execute its AI-Native Strategy 3.0.

Name

百望股份有限公司

Legal name

百望股份有限公司

Website

https://baiwang.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

百望股份有限公司 is a Beijing-headquartered, Hong Kong-listed enterprise fiscal-tax compliance and commercial credit infrastructure provider (06657.HK), serving 10M+ Chinese enterprises with AI-powered invoice management, tax compliance, and data intelligence solutions across banking, manufacturing, retail, and public sector verticals.

Ownership category

akta.pro rank

Product category

Enterprise Tax Compliance Software

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)

SIC

Finance Services (6199)

akta.pro primary industry

Cloud Compliance, Audit & Continuous Controls Monitoring (CCM/GRC) (HDABAHAI)

akta.pro secondary industries

Revenue Intelligence, Analytics & Risk Management (BPAIADAL), Pricing, Revenue & Commercial Analytics (BPAHALAM)

Keywords

• Tax compliance software
• Invoice management
• Enterprise fintech
• Fiscal automation
• AI tax agents

Headquarters

HQ city

北京市, 北京市

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Enterprise Software Subscriptions: Subscription-based access to enterprise fiscal tax compliance, invoice management, and data intelligence platforms for medium to large enterprises.
2. Transaction/Usage-Based Fees: Usage-based pricing for invoice processing, API calls, and data services based on transaction volume.
3. Free Basic Services: Free basic invoice services (output/input invoices compatible with digital, paper, and e-invoices) drive customer acquisition with upsell opportunities.
4. Professional Services: Implementation, customization, and consulting services for enterprise deployments.
5. Data Services: Enterprise credit reports, compliance insight reports, and industry data analytics products.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels9 records

Core offering

Baiwang Co., Ltd. is a publicly listed enterprise data intelligence and digital business platform providing full-lifecycle invoice management, tax compliance, financial settlement, and commercial credit solutions. Its portfolio includes the core Baiwang Cloud platform, the Tax-Swift global intelligent tax compliance platform, group-level tax compliance insight, AI-powered intelligent agents (transaction management, financial business, and business decision-making agents), and SMB-focused invoicing products. It serves banks, insurance, manufacturing, retail chains, energy, and other sectors through subscriptions, usage-based pricing, freemium basic services, and professional services.

Product overview

百望股份有限公司 operates as a comprehensive digital business platform offering enterprise invoice management, tax compliance, and financial intelligence solutions. The product portfolio centers on the core 百望云 (Baiwang Cloud) platform with multiple integrated modules: tax compliance solutions including Tax-Swift (全球智能税务合规) for global operations and 集团税务合规洞察平台 for group-level visibility; AI-powered intelligent agents (百望百宝智能体助手, 交易管理智能体, 财务业务智能体, 商业决策智能体) for autonomous tax and financial operations; invoice management systems (销项发票管理, 进项发票管理) for full lifecycle control; and industry-specific solutions (汽车风控洞察, 智能精准营销). The platform serves enterprises across banking, insurance, retail, manufacturing, and other sectors with both cloud-based SaaS and enterprise deployment options.

Differentiator

Problem solved

Functional benefit

Brands

• 百望发票: 小微企业一站式开票与管票服务
• 百望财税
• 百望百宝
• 百望百搭参谋
• 百宝税务智能体助手
• 税小智
• Tax-Swift
• 小望掌柜
• 速票通
• 百望绿页

Products and services

• Baiwang Cloud (百望云) Core digital business platform providing enterprise-level invoice management, tax compliance, and financial services; the central product underlying all Baiwang offerings.
• Tax-Swift Global Intelligent Tax Compliance Platform (Tax-Swift 全球智能税务合规平台) Global intelligent tax compliance platform covering 30,000+ international fiscal rules and 200+ tax types with intelligent translation, connecting 20+ country tax authorities for Chinese enterprises expanding overseas.
• Group Tax Compliance Insight Platform (集团税务合规洞察平台) Group-level tax compliance insight platform providing panoramic visibility of group-wide tax situations with real-time monitoring and risk analysis for large enterprises.
• Baibao Tax Intelligent Agent Assistant (百望百宝智能体助手) Enterprise AI tax specialist assistant providing 24/7 intelligent tax consultation, risk detection, and compliance guidance.
• Output Invoice Management System (销项发票管理系统) Output invoice management system for centralized multi-tax-number invoice control, supporting digital, paper, and e-invoices across the enterprise.
• Input Invoice Management System (进项发票管理系统) Input invoice management system for intelligent invoice collection, verification, and deduction certification with compliance risk monitoring.
• Electronic Accounting Archives (电子会计档案) Electronic accounting archives management platform for intelligent lifecycle management of accounting documents, ensuring compliance and risk avoidance.
• Smart Tax Filing (智能纳税申报) Automated tax declaration solution with intelligent data collection, tax calculation, form generation, and one-click submission.
• Baiwang Invoice (百望发票) One-stop invoicing and management solution for small and micro enterprises with free basic tier and paid premium features.
• Baiwang Tax & Finance (百望财税) Tax and financial management solution for small and growing enterprises.
• E-commerce Cloud Intelligence (电商云智)

Quantifiable outcome

• Reduce labor costs and improve operation efficiency - example with COSCO: completed 30+ business systems across 100+ cities in 20+ provinces
• +4 more outcomes

Named customers12 records

Segments17 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability10 records

Feature6 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• 腾讯云 (Tencent Cloud)flagshipStrategic or Co-development Partner · 5 June 2026百望股份（06657.HK）与腾讯云在2026腾讯云AI产业应用大会上正式达成战略合作。基于各自优势的强强联合，也是百望股份战略3.0在AI-Native方向落地的具体体现。双方将共建AI Agent产业应用新标杆。
• 蚂蚁数科 (Ant Digital Technologies)flagshipStrategic or Co-development Partner百望股份与蚂蚁数科正式达成合作，双方将充分整合各自核心优势，推动大模型技术与海量数据的深度融合及创新应用，加速数据价值释放，共同打造AI时代的「数据智能基础设施」新范式。启动联合建模与产品共建，推动企业信用从「查得到」到「判得准」。
• Staple AI Pte. Ltd.coreStrategic or Co-development Partner新加坡AI巨头Staple AI与百望股份在上海正式举行战略合作签约仪式，双方将在智能文档处理、全球财税合规、跨境数字化解决方案等领域开启全方位合作，标志着百望股份的全球化战略布局迎来里程碑式的关键进展。
• 金融大数据局 (Financial Big Data Bureau)coreStrategic or Co-development Partner百望股份与金融大数据局将基于各自优势达成合作共识，以高价值公共数据为基础，以垂类AI能力为抓手，加快形成可落地、可复制的数字化产品体系，在合规前提下探索数据要素的市场化应用空间。

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Avalara: Avalara is a global cloud-based tax compliance SaaS platform serving enterprises with sales tax, VAT, and invoice compliance automation, directly comparable in product model to Baiwang's tax compliance SaaS business.
• Aisino Corporation (航天信息股份有限公司): Aisino is the most direct competitor in China's tax compliance and invoice management space, also deeply tied to the Golden Tax Project and serving large enterprises and government. Both companies compete for enterprise fiscal-tax IT contracts in China.
• Vertex, Inc. Vertex provides enterprise tax technology including indirect tax determination and compliance, addressing multinational corporations' cross-border tax needs analogous to Baiwang's Tax-Swift international compliance platform.
• Kingdee International (金蝶国际软件集团): Kingdee is a major Chinese ERP and financial management software vendor whose cloud finance and tax modules compete with Baiwang's enterprise compliance suite, especially for mid-market and growth-stage enterprises.
• Yonyou Network (用友网络科技股份有限公司): Yonyou is a leading Chinese enterprise software (ERP/finance) provider whose tax compliance and invoice management modules overlap directly with Baiwang's offerings, particularly for large Chinese enterprises.
• Sovos Brands / Sovos Compliance: Sovos is a global tax compliance and invoice SaaS provider serving multinational enterprises with continuous compliance and e-invoicing, the closest international analogue to Baiwang's Tax-Swift and invoice lifecycle offerings.

Broad incumbents

• Intuit: Intuit (QuickBooks) is a broad incumbent in tax and SMB accounting software. While focused on SMBs and consumers, its tax compliance capabilities overlap with Baiwang's lower-tier Baiwang Invoice and tax tools for small businesses.
• SAP SE: SAP is a broad ERP incumbent whose finance and tax compliance modules overlap with Baiwang's offerings, particularly for large multinationals requiring integrated ERP-tax stacks.
• Wolters Kluwer (Tax & Accounting): Wolters Kluwer is a large incumbent information services company with a tax and accounting division offering enterprise tax compliance and workflow tools, comparable as a broader incumbent in tax compliance technology.

Regional players

• THINKMATE /航天云网 (China aerospace cloud ecosystem): Chinese state-affiliated cloud and enterprise compliance platforms compete with Baiwang for enterprise tax and invoice workloads in China, serving as regional/state-affiliated competitors in the same domestic market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bestwonder

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 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 百望股份有限公司