---
title: "Guangyun Tech (688365) Buys Remaining 44.83% of Chatbot Kuaixiaozhi for ¥15M — Full Ownership"
author: "Unique Research"
sourcePublication: "Unique Research (FFCAP English library)"
originalPublishedAt: "2022-12-12T18:41:07+08:00"
canonical: "https://ffcap.cn/en/research/20221212a07if600"
source: "https://ffcap.cn/en/research/20221212a07if600"
language: "en"
cnSourceUrl: "https://view.inews.qq.com/a/20221212A07IF600"
---

# Guangyun Tech (688365) Buys Remaining 44.83% of Chatbot Kuaixiaozhi for ¥15M — Full Ownership

_Unique Research · Company / M&A · December 12, 2022_

On **Dec 3, 2022**, A-share ecom SaaS leader **Guangyun Tech (光云科技, 688365)** said it would use self-raised **¥15M** to buy the remaining **44.83%** of Hangzhou **Kuaixiaozhi (快小智)** from Ruiheying LP — making Kuaixiaozhi a wholly owned sub. No AGM / not a related-party deal under SSE rules.

History: Jan 2021 Guangyun set up wholly owned Kuaixiaozhi (reg. capital ¥16M); Apr 2021 Ruiheying injected ¥13M → capital ¥29M, Guangyun 55.17% / Ruiheying 44.83%. Now reclaiming minority. Kuaixiaozhi: NLP SaaS intelligent CS robots for ecom merchants — pre/in/after-sale, intent dialogue + industry KG, human-machine collab; addresses FAQ-bot cost/quality/latency pains. Guangyun (Hangzhou, est. 2009): first-batch China ecom SaaS; 4M+ online / 1.2M+ paying merchants across Taobao/Tmall/JD/PDD/Douyin/Kuaishou — Super Shopkeeper, Express Assistant, Wangdian; large-merchant stack Kuaimai ERP/Xiaozhi, ShenHui, Lingyun, Juwo WMS, Kuaimai Thinktank.

Valuation: asset approach equity −¥10.24M vs book −¥12.51M; income approach **¥31.58M** (chosen — light-asset intangibles). Pipeline: >¥15M signed/in-flight contracts; >¥6M of that expected as 2023 revenue; 2023 sales plan ¥49M / revenue ¥22M; yrs 2–5 growth 50%→10% taper; 60% renewal. COGS mainly Alibaba Cloud Dianxiaomi PaaS + Luobota intangibles amortization.

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Editorial English edition published on UniqueCapital: https://ffcap.cn/en/research/20221212a07if600
On-site reading page: https://ffcap.cn/en/research/20221212a07if600