What Baiwang Cloud does

Baiwang Cloud (百望股份) is a Chinese enterprise fiscal-tax compliance and commercial credit infrastructure provider, publicly listed on the Hong Kong Stock Exchange under ticker 06657.HK and headquartered in Beijing. Founded in 2015, the company is a designated contractor for Phase III and IV of China's Golden Tax Project led by the State Taxation Administration and serves as technical support provider for the National Public Data Resource Registration Platform. Its core product is an enterprise-level agent platform built on a unified digital business architecture that integrates large language models, knowledge graphs, and domain-specific expertise in tax and finance compliance. The portfolio is organized around three flagship agent product lines — Transaction Management Agent, Financial Business Agent, and Business Decision-Making Agent — augmented by specialized products including Tax-Swift (global intelligent tax compliance across 20+ countries), 百宝 (Baibao AI Tax Agent Assistant), 百搭参谋 (Bai Da, an agent for bank account managers), 税小智 (Tax Xiao Zhi for micro enterprises), and an Enterprise Spend Management suite. Supporting technology includes proprietary databases of 30,000+ international tax rules, support for 200+ global invoice formats with millisecond-level structured parsing, and knowledge graph tracking 3,000+ compliance indicators. The company also operates a Baiwang Open Platform for partner integrations and a Data Products Marketplace for third-party data distribution.

The platform is monetized through four revenue streams: enterprise SaaS subscriptions on quote-based annual contracts, transaction/usage-based fees for high-volume invoice processing and API usage, professional services for implementation and customization, and data intelligence products including risk analytics and credit reports. Pricing combines a freemium tier (Basic Invoice Service at no cost) targeting SMEs and individuals with custom enterprise contracts for large organizations. Distribution is hybrid: direct enterprise field sales targeting large corporates and government institutions, a certified channel partner network with regional agents, an open API platform for developers, and a marketplace for data products. Customer base spans large enterprises and groups (named customers include COSCO Shipping, CNPC, China Southern Airlines, Xiaomi, ANTA Sports, and Huazhu Group), banking and financial institutions, industry verticals (manufacturing, retail, hospitality, logistics, aviation, energy, automotive, internet platforms), SMEs via the freemium tier, and cross-border companies served through Tax-Swift and regional offices in Singapore and Argentina.

Geographic footprint is anchored in China with stated operations in Singapore (via the Staple AI partnership) and Argentina (via Baiwang Express, Mobile, and Gestion regional brands). The company reports scale metrics of 639,900+ billion RMB in processed transaction value, 101,900+ thousand business activities, 14,300+ million transaction documents, and a combined user base exceeding 23+ million non-paying users plus 10+ million enterprise customers. Certifications include ISO 9001/14001/27001/20000-1, OHSAS 18001, CMMI Level 3, CSA STAR, and National Information Security Class III, and the company was recognized as a Beijing Unicorn Enterprise at the 2024 Zhongguancun Forum.

Name

Baiwang Cloud

Legal name

百望股份 (Baiwang Co., Ltd.)

Website

https://baiwang.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Baiwang Cloud (百望股份), listed on HKEX (06657.HK), is a Chinese enterprise tax compliance and commercial credit infrastructure provider. It offers AI-powered agent platforms for invoice management, tax compliance, financial supply chain, and risk analytics, serving large enterprises, banks, SMEs, and cross-border firms across China, Singapore, and Argentina.

Ownership category

akta.pro rank

Product category

Enterprise Tax Compliance Software

NAICS

Software Publishers (51321), Custom Computer Programming Services (541511), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)

akta.pro primary industry

iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG)

akta.pro secondary industries

Cloud Compliance, Audit & Continuous Controls Monitoring (CCM/GRC) (HDABAHAI), Cloud FinOps & SaaS Spend Management (BPAEAOAH), Pricing, Revenue & Commercial Analytics (BPAHALAM)

Keywords

• Tax compliance software
• Electronic invoicing
• Enterprise financial automation
• AI tax solutions
• Commercial credit data

Headquarters

HQ city

Beijing, Beijing

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Enterprise SaaS Subscriptions: Subscription-based access to enterprise tax compliance, invoice management, and financial intelligence platforms with tiered service levels
2. Professional Services: Implementation, customization, and consulting services for enterprise deployments
3. Transaction-based Services: Fees for high-volume invoice processing, data analytics, and API usage
4. Data Intelligence Products: Revenue from data-driven analytics, risk assessment, and business intelligence products

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Baiwang Cloud is a Chinese data intelligence company that builds and sells enterprise software for invoice management, tax compliance, and commercial credit. Its portfolio includes AI-powered enterprise agents for transaction management, financial business, and business decision-making, as well as standalone products for electronic invoicing, intelligent tax management, enterprise spend management, supplier management, A/P automation, and cross-border tax compliance (Tax-Swift). Revenue is generated through enterprise SaaS subscriptions, professional services, transaction-based fees, and a freemium basic invoice service for small businesses.

Product overview

Baiwang Cloud (百望股份) is a leading data intelligence service provider in China offering a comprehensive enterprise-level product portfolio centered on fiscal tax compliance and commercial credit infrastructure. The platform operates on a unified digital business platform architecture with multiple integrated product lines: (1) Baiwang Enterprise-Level Agents including Transaction Management Agent, Financial Business Agent, and Business Decision-Making Agent powered by large-scale AI models; (2) Financial & Tax Compliance products including Basic Invoice Service, E-Invoicing Compliance Management, Automated E-Invoicing Processing, and Intelligent E-invoicing Insight; (3) Intelligent Spend and Taxation management including Enterprise Spend Management, Intelligent Financial Management, Intelligent Tax Management, and A/P Automation; (4) Intelligent Financial Supply Chain with Supplier Information Management and Financial Reconciliation and Automated Settlement; (5) Data-driven Analytics including Precise Digital Marketing, Intelligent Risk Analysis, and Intelligent Business Analysis; and (6) Specialized solutions for global tax compliance (Tax-Swift) and banking-specific products (百望百搭参谋). The platform also provides a Baiwang Open Platform (百望开放平台) for partner ecosystem development.

Differentiator

Problem solved

Functional benefit

Brands

• 百宝 (Baibao): AI税务师智能体助手 - AI tax expert agent assistant
• 百搭参谋 (Bai Da)
• 税小智 (Shui Xiao Zhi)
• Tax-Swift
• 百望发票 (Baiwang Invoice)
• 百望财税 (Baiwang Finance & Tax)
• 电商云智 (E-commerce Cloud Intelligence)

Products and services

• Transaction Management Agent Enterprise intelligent agent for transaction management that integrates invoice automation with AI-powered tax risk supervision for large enterprises and financial institutions.
• Financial Business Agent Intelligent agent matrix tailored for banking and internet finance clients, covering personalized customer acquisition and proactive risk management.
• Business Decision-Making Agent AI-powered agent that analyzes multidimensional transaction data to optimize supply chains, market strategies, and trading ecosystems for enterprises.
• Basic Invoice Service (Free) Free basic invoice service providing lifecycle management for invoice issuance, storage, circulation, validation, and verification across digital, paper, and e-invoices for SMEs and individuals.
• E-Invoicing Compliance Management Whole-process risk management solution for invoice output and input compliance covering pre-issuance, in-process, and post-issuance controls.
• Automated E-Invoicing Processing Automated invoicing solution with intelligent collection, reconciliation, and collaboration modules for digitized invoice management.
• Intelligent E-invoicing Insight Solution that reconciles invoice-accounting income differences with tax-accounting income for digitized invoices, with group-level reporting.
• Enterprise Spend Management Industry-finance integrated enterprise expense management solution covering scenario control, invoice collection, reimbursement, payment, archiving, and analytics.
• Intelligent Financial Management Integrated finance management system covering finance accounting, finance sharing, tax management, and electronic accounting archives for enterprises.
• Intelligent Tax Management Automated tax data collection, intelligent tax calculation, form generation, and one-click tax declaration for enterprises.
• Supplier Information Management Supplier lifecycle collaborative management platform with dynamic risk monitoring and automated performance analysis for procurement.
• Financial Reconciliation and Automated Settlement Platform connecting enterprises with upstream and downstream partners for reconciliation, settlement, dispute communication, and invoicing automation.
• A/P Automation End-to-end accounts payable automation system providing compliant, full-scene coverage of payable management for enterprises.
• Precise Digital Marketing Big data and AI-powered solution for personalized customer acquisition and referral marketing for financial institutions.
• Intelligent Risk Analysis Enterprise risk assessment solution aggregating individual risk assessments into high-dimensional risk monitoring from multi-party data sources.
• Intelligent Business Analysis Big data analytics solution integrating industrial analysis, accurate analysis, and panoramic portrait through invoice asset verification and industry chain analysis.
• Bai Bao Tax Agent Assistant (百宝税务智能体助手) AI-powered tax agent assistant that serves as an exclusive enterprise AI tax specialist for intelligent consultation and compliance guidance.
• Tax-Swift Global Intelligent Tax Compliance Global intelligent tax compliance platform covering 30,000+ international tax rules and 200+ tax types with intelligent translation, connecting 20+ country tax bureaus.
• Group Tax Compliance Insight Platform (集团税务合规洞察平台) Group-level tax compliance insight platform enabling centralized tax management visibility and control across the entire organization.
• Baiwang Invoice (百望发票) One-stop invoicing and invoice management solution designed for small and micro enterprises.
• Tax Xiao Zhi (税小智) AI-powered tax assistant for small and micro enterprises that enables intelligent tax management.

Quantifiable outcome

• Reduce cost of manual invoice processing by more than 90%
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature8 records

Partnerships

Four partnerships are on record, tiered flagship, core and regional.

• Tencent Cloud (腾讯云)flagshipTechnology or Integration · 5 June 2026Strategic partnership announced at 2026 Tencent Cloud AI Industry Application Conference for joint development of AI Agent industry applications. This represents Baiwang's strategic 3.0 initiative in AI-Native direction implementation.
• Ant Digital Technologies (蚂蚁数科)coreStrategic or Co-development PartnerPartnership for big model technology and data integration innovation.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
• Staple AI Pte. Ltd. (Singapore)flagshipStrategic or Co-development PartnerStrategic partnership with Singapore AI company for intelligent document processing, global tax compliance, and cross-border digital solutions. Marks a milestone for Baiwang's globalization strategy.
• Financial Big Data Bureau (金融大数据局)regionalStrategic or Co-development PartnerPartnership to build high-value public data foundation with AI capabilities to create digital products and explore data factor marketization within compliance framework.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Avalara: US-listed global tax compliance automation SaaS provider. Comparable as a pure-play indirect tax compliance and e-invoicing platform serving multi-jurisdictional enterprise customers — closest international analogue to Baiwang's Tax-Swift business.
• Sovos: Private global tax compliance SaaS vendor serving multinationals with continuous compliance, e-invoicing, and indirect tax determination. Competes head-to-head with Baiwang in cross-border invoicing and tax compliance workflows.
• Vertex Inc. Global enterprise indirect tax software provider covering sales tax, VAT, and e-invoicing. Comparable product category to Baiwang's tax compliance suite, particularly relevant for international expansion benchmarks.
• Dianzhong Technology: Chinese e-invoicing and financial compliance SaaS provider focused on enterprise invoice lifecycle management. Closest China-based direct competitor in pure e-invoicing and tax compliance.
• Aisino Corporation: China's largest Golden Tax Project system integrator and state-owned tax/invoice technology vendor. Direct competitor in e-invoicing and tax compliance for large enterprises and government, with overlapping product lines and the same regulatory backing.

Broad incumbents

• Yonyou Network: China's largest enterprise financial/ERP software vendor with tax and invoicing modules integrated into broader finance suites. Competes in the same enterprise accounts with a more comprehensive ERP-led approach vs. Baiwang's tax/invoice-first focus.
• SAP: Global ERP incumbent with embedded tax compliance, invoicing, and financial supply chain capabilities. Overlaps with Baiwang in multinational enterprise accounts and competes in cross-border tax compliance.
• Kingdee International: Leading Chinese cloud ERP and financial management SaaS vendor with tax compliance and invoicing capabilities. Targets the same large-enterprise and SME segments as Baiwang but via a broader financial management platform.
• Inspur Cloud: Major Chinese cloud and enterprise IT vendor with government-facing tax and finance digitalization offerings. Adjacent competitor in state-owned and government enterprise accounts, particularly in tax-related infrastructure projects.

Emerging players

• Ant Digital Technologies: Ant Group's enterprise tech arm focused on AI, blockchain, and data infrastructure. Simultaneously a strategic partner and an emerging competitor in AI-powered financial data products and enterprise compliance tooling.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xweibo.com/baiwang
• GitHubgithub.com/baiwang
• YouTubebaiwang.com/official_website/video.html
• Facebookfacebook.com/baiwang
• LinkedInlinkedin.com/company/baiwang
• Instagraminstagram.com/baiwang

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 Baiwang Cloud