Huitongda Network Co., Ltd. (09878.HK)

Huitongda Network Co., Ltd. engages in the sale of merchandise and provision of marketing software as a service (SaaS) subscription. The company is headquartered in Nanjing, Jiangsu and currently employs 3,633 full-time employees. The company went IPO on 2022-02-18. The firm's main business is sales of a comprehensive suite of merchandise in lower tier cities and rural areas and provision of intelligent business and marketing subscription service, offering merchant solutions and rendering other various related services. The firm conducts its operations through two segments. The Commerce Business segment mainly includes direct sales and provision of marketplace service that enables merchants to sell their products to transacting users through the online platform. The Service Business segment, which mainly represents the provision of intelligent business and marketing software as a service (SaaS+) subscription service and a collection of merchant solutions. The firm mainly conducts its businesses in the domestic market.