Kingdee International Software Group Limited (0268.HK) was founded in 1993 and has its headquarters in Shenzhen, China. It has been listed on the main board of the Hong Kong Stock Exchange since 2005.
Today, Kingdee has become the go-to company in the new era of the digital economy, with more than 80 million customers and more than 2000 partners who have chosen Kingdee as a platform for mutual development.
2019 to Date
Digital Enterprise from ERP to EBC
It was Xu Shaochun, chairman and CEO of the Kingdee Group, who first proposed that the company should go digital into the ERP era, and that ERP should no longer focus on 'resources' or 'planning'. The company's focus is now rapidly shifting to 'business' and it is gradually evolving into a broader enterprise business capability (EBC).
On 17 March 2020, Dong Mingzhu, Chairman of Gree Electric, Xu Shaochun, Chairman of the Board of the Kingdee Group, Appotronics Corp CEO Bo Lianming, and Bill Liu, Chairman of the Board of Royole Corporation, all took part in a live public broadcast at Gree's headquarters in Zhuhai to discuss the new direction of China's manufacturing industry after the pandemic.
On 15 May 2020, at the second Kingdee Cloud Cosmic Summit, Chairman of the Board Xu Shaochun invited a group of customers and partners to smash a chimney that symbolised the monolithic digital structure of traditional companies. By breaking from these traditional corporate structures and models of thinking, the company can build a new industrial Internet cloud ecosystem and enhance its enterprise business capability (EBC). This is the seventh time that Kingdee has broken old traditions.
In July 2020, Kingdee's shares were named by the Hang Seng TECH Index as one of the top 10 major constituent stocks (4.47% weighting).
On 10 July, Kingdee International announced that its cloud service was expected to grow by 40% to 50% during the first half of the year.
On 27 August at the 2020 (fifth) Big Data Industry Ecological Conference—led by the China Electronics Information Industry Development (CCID) and organised by CCID Media and the China Big Data Industry Alliance—Kingdee was selected as one of the top 30 digital facilitators of 2020. Several practical examples of Kingdee's solutions were also selected to feature in the book The Construction of China's Digital Transformation Ecosystem in 2020 - The Top 100 Projects.
On 11 May 2019, at the first Kingdee Cloud Cosmic Summit, Xu Shaochun, Founder and Chairman of the Board of the Kingdee Group, smashed through a huge 'cocoon' that symbolised the restrictions stifling corporate digital transformation, pointing to the 'seven sins' of traditional IT.
This is the sixth time since 2014 that Kingdee has broken away from the restrictions of traditional management, such as computers and servers.
On 13 August 2019, Kingdee International Software Group Limited (00268.HK) announced its interim results for 2019, with revenue from its cloud business growing by 54.9% as Kingdee cloud transformation continued to advance steadily.
On 27 August, Yundee, an industrial Internet platform joint venture between Kingdee and China Unicom, was officially unveiled and launched at the 2019 China Industrial Internet Conference and Guangdong-Hong Kong-Macao Greater Bay Area Digital Economy Conference.
On 10 October, at the Venture Capital: Unicorn (also referred to as the 'Unicorn Forum') held at the China International Digital Economy Expo 2019 (also referred to as the 'Digital Expo'), the Kingdee Group Chairman and CEO Xu Shaochun proposed that the company should go digital into the ERP era, and that ERP should no longer focus on 'resources' or 'planning'. The company's focus is now rapidly shifting to 'business' and it is gradually evolving into a broader enterprise business capability (EBC).
From 19 to 20 October, the 2019 Kingdee Cloud Global User Conference was held at the Beijing Yanqi Lake International Convention and Exhibition Center with the theme of 'Success Together'.
The first '2019 Industrial Internet White Paper' proposed that 'enterprise digitalisation has moved from the ERP (enterprise resource planning) era and entered the era of EBC (enterprise business capability)'. The paper also suggests that the industrial Internet platform will evolve from the traditional ERP stage to the EBC stage.
The Era of Enterprise Cloud Services
The Chinese government listed the cloud as a strategic emerging industry supported by the state. Kingdee actively promotes cloud management, takes full advantage of emerging technological forces such as social networks, mobile Internet, and cloud computing, and is committed to becoming the world's leading cloud management service provider.
On 4 May 2018, known as Youth Day in China, Xu Shaochun broke down the wall between business and finance and entered the new world of financial management. Finance must empower and enable each person in the company.
On 8 August 2018, at Kingdee's 25th anniversary celebration, Xu Shaochun announced that the company would be distributing 888 international stocks in Kingdee to all current employees.
Kingdee Cloud Cosmic, a ground-breaking cloud service platform for large enterprises, was launched at Kingdee's 25th anniversary celebration on 8 August 2018. It is designed to help large companies drive digital transformation and business innovation.
On 30 October 2018, at the Yanqi Lake Entrepreneur Forum, Xu Shaochun released his personal public number to directly communicate and establish close links with business owners.
On 4 May 2017 at Peking University, Kingdee officially upgraded the Kingdee Cloud ERP to Kingdee Cloud.Alongside guests including Professor Chen Chunhua from the university's National School of Development, Xu Shaochun destroyed an office chair, which symbolised the identity of the boss and the CEO.
On 15 October 2017, Kingdee unveiled its new logo and announced the launch of the Chinese Management Model 50+ (C50) Forum.In November of the same year, IDC released a SaaS report and Kingdee overtook its international counterparts to lead the SaaS market.
In 2016, Kingdee entered into a strategic partnership with Aisino to provide low-cost and high-efficiency integrated financial and taxation management services for corporate users.
In 2016, Kingdee and Kinco Automation jointly released their smart factory solution at Hannover Messe, with the idea that 'a cutting edge smart factory can also be built in a city centre'.
On Youth Day 2016, Kingdee worked with users to disrupt the traditional office model and liberate businesses from fixed offices.
In 2016, Wang Shi, chairman of China Vanke's Board of Directors, endorsed Yunzhijia and the two companies invited aspiring entrepreneurs to join them to break away from the traditional way of working.
In 2016, in the form of joint venture, Kingdee launched the Jingdou Cloud, creating joint ventures with millions of small and micro enterprises in China to provide mobile offices in the form of one-stop cloud services for online bookkeeping, agency bookkeeping and data finance.
In 2016, the ninth China Management Model Award focused on management innovation in the sharing economy. A new dimension of management characterised by mutual benefit and sharing matches well with the Chinese concept of mutual success, and provides a new development path for management theory and practice.
At the "2016 China Management, World Forum" event and Kingdee User Conference, the six key ERP features were presented: smart, shared, mobile, social, big data and cloud computing.
In 2016, Kingdee helped work on the Beautiful China public welfare project by providing information platform support. This is just another stepping stone on Kingdee's path to becoming a responsible corporate citizen.
In 2015, the Kingdee Group signed a strategic cooperation agreement with Kingsoft Corporation, marking the start of close cooperation in the fields of mobile cloud services, cloud storage and cloud security.
In 2015, Kingdee signed a global strategic cooperation agreement with Amazon AWS to help Kingdee build a world-class ERP cloud service platform, accelerate the development of China's enterprise cloud computing market and build a cloud computing ecosystem.
In 2015, JD.com purchased a 10% stake in Kingdee and the two companies entered into a strategic partnership to jointly provide cloud-based ERP integration solutions for small and medium-sized enterprises, offering a superior one-stop service experience for all customers.
In 2015, Taiji invested in Kingdee Middleware and the two companies signed a strategic cooperation agreement.The companies will focus on integrating technology, products and programmes to jointly promote the development of independent and controllable businesses.
In 2015, Kingdee signed a strategic cooperation agreement with Xiamen ITG Group in which they established Kingdee Automotive Network Technology Co., Ltd. to jointly promote the development of their own products.
Kingdee unveiled its Cloud-Hub open platform strategy at the '2015 China Management, World Forum' event and Kingdee User Conference, vowing to leverage the concepts of connection, intelligence and innovation of ERP+ to help traditional enterprises achieve Internet + transformation.
In 2015, Kingdee teamed up with JD.com and China TravelSky Holding and jointly facilitated the country's first e-invoicing system, helping financial personnel shift their focus from pure accounting to management accounting and offering higher business value to enterprises and users.
In 2015, Kingdee unveiled the Care Free bookkeeping service platform. Based on the concept 'One Key to Care Free', it helps small and micro businesses obtain professional bookkeeping services and provide full credit guarantees for such services.
In May 2014, Xu Shaochun, chairman of the board of directors, turned into a passionate "May 4th" youth, smashed PC Mingzhi, and led Kingdee to set off a new work style revolution. In the same month, Kingdee released the Cloud-Hub mobile work platform to advocate a new work style.In August, Xu Shaochun, chairman of the board of directors, smashed the server, subverting the traditional ERP model.In October, the "2014 China Management · Global Forum" with the theme of "Connecting to the Cloud" was held in Beijing, where political, business and academic elites met in the cloud, focusing on the Internet transformation of Chinese enterprises.
On May 4, 2014, Xu Shaochun, chairman of the board of directors, turned into a passionate "May 4th" youth, smashed a PC with his own hands, delivered a passionate speech "New way of working, start here", and led thousands of employees to communicate with Say goodbye to traditional work tools and ways of working.
The 2014 'China Management, World Forum' event was attended by over 2000 guests, including Long Yongtu, Vice Minister and Chief Negotiator for China's accession to the WTO, and Chen Wei, Head of the Software Services Department of MIIT. The event analysed pathways for transformation and upgrading for Chinese enterprises in the current era.
At Kingdee's 21st anniversary event, Xu Shaochun played the part of pirate captain and smashed up a customer's servers, announcing the establishment of the company's ERP Cloud Service Department and its determination to upend the conventional ERP model by offering cloud services such as Kingdee K/3 Cloud.
Kingdee entered into a strategic partnership with Inspur, the only cloud computing leader in China that integrates software with hardware. The two parties planned joint technological integration and marketing of Inspur's government cloud, domestic-made key host systems and Kingdee's Apusic middleware products.
In 2013, Kingdee’s software park in Beijing opened its doors.It was Kingdee’s third software park after Shanghai and Shenzhen, and is the largest among the three.Kingdee continued to expand the businesses of its Beijing R&D center, northern district, middleware and medical software companies, and based in Beijing its largest cloud management experience centre and departments overseeing some of its new products and services.
Kingdee held its 20th anniversary celebration party on August 8, 2013.Over 4,000 employees and their family members and representatives of business, management, and press circles across China attended the event.In a speech by Xu Shaochun, board chairman and chief executive of Kingdee International Software Group, it was addressed that Kingdee has been striving to become a software world power over the past 20 years, and is committed to using cloud management to help Chinese enterprises transform and upgrade.
In 2012, Kingdee hosted the 'China Management, World Forum' event, bringing together leading management minds.
In 2012, Kingdee Weibo, China's largest corporate social platform, announced that it had officially upgraded to 'Cloud-Hub'.Cloud-Hub, meaning building a 'cloud hub' for customers, sought to create a welcoming and harmonious working environment for enterprises by utilising cloud and social networking technologies, enabling employees to communicate and share more conveniently and efficiently, and helping companies lower communication costs, improve work efficiency and become more successful.
Kingdee and JD.com jointly launched Kingdee KIS JD.com version, which was sold at JD.com. It was the first time that a domestic software maker collaborated with an e-commerce website, setting a precedent for the distribution of management software in China and creating a new commercial channel model.
In 2012, Kingdee released Kingdee K/3 Cloud featuring innovations of the time including synergy, industry chain integration and socialisation. It sought to consolidate the strengths of core product makers, customers and global partners along the cloud computing industry chain through its open cloud platform, and provide a full range of management services to enterprises to achieve win-win outcomes.
In 2012, One Foundation and Kingdee signed a cooperative agreement at the inaugural China Charity Fair.Kingdee helped the foundation build a well-functioning and transparent charity information platform by using a socialised ERP system, allowing for transparency in each stage of a charity project, from initiation to implementation. It also enables the transparent and efficient financial operation of the foundation and allows donors to receive timely feedback through the system.Kingdee donated RMB 1.4 million to One Foundation for its charity projects such as the 'holding orphans' hands' programme.
Kingdee Led the Transformation of the ERP Industry
Information became an important strategic resource in achieving corporate development in the wave of globalisation and informatisation. Companies found it imperative to obtain information in a timely, comprehensive and accurate manner, given pressures from global competition. As a pioneer in the ERP market, Kingdee conveyed advanced management ideas to enterprises via its ERP products, and helped Chinese firms tackle challenges arising from economic globalisation.
In 2011, "Kingdee Weibo" (predecessor of today's "Cloud-Hub") was born. In the same year, Kingdee proposed a "Cloud Management" strategy based on emerging technologies such as mobile Internet, social network, and cloud computing, and carried out financial software based on the Windows version. Transformation, the third transformation after ERP transformation.
The 2011 China Management·Global Forum Sponsors Meeting was held in Guangzhou.Xu Jialu, Vice Chairman of the Standing Committee of the Tenth National People's Congress, Long Yongtu, chief negotiator for China's accession to the WTO and former secretary-general of the Boao Forum for Asia, Shi Zhenrong, founder of Taiwan Acer Group and chairman of Zhirong Fund, Xu Shaochun, chairman of the board of directors of Kingdee International Software Group, and famous Strategic management expert, independent scholar Dr. Bai Lixin and other 100 celebrities from the political, business and academic circles attended the meeting and signed the "Manifesto of the Global Forum on China Management", solemnly promising: to follow the principles of heaven and conscience, follow the right path, and practice the kingly way, so that the Chinese management model will rise globally!
In 2011, Kingdee hosted the inaugural 'China Management, World Forum' event, with more than 3000 participants. It included discussions on the correct path for corporate transformation.
The launch of WeChat saw more and more consumers appreciate the appeal of the mobile Internet.As China underwent a process of transformation and upgrade - going from manufacturing to 'creation' - Kingdee strived to help enterprises build an Internet-based management and applications platform for industrial chain collaboration.
In 2010, the Chinese government listed the cloud as a strategic emerging industry supported by the state.Kingdee actively promotes cloud management, takes full advantage of emerging technological forces such as social networks, mobile Internet, and cloud computing, and is committed to becoming the world's leading cloud management service provider.
On August 21, 2010, Wen Jiabao, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, visited Shenzhen Kingdee Software Park.
Kingdee’s software park in Shenzhen was officially unveiled in 2009. It was the company’s second software park after Shanghai, which was completed in 2007.Kingdee’s software park in Beijing broke ground in the same year.
In May 2008, Kingdee donated RMB 1.81 million to Wenchuan County after it was struck by a magnitude 8.0 earthquake.
On August 8, 2008, the 15th anniversary of Kingdee was held on the same day as the Beijing Olympic Games. It announced that it would transform from a product company to a service company, establish an image of an enterprise management expert, and vigorously develop a world-leading online management and e-commerce service platform.
In 2008, under the guidance of Mr Cheng Siwei, deputy head of the ninth and tenth National People's Congress, Kingdee and the Chinese Academy of Management initiated the selection process for the China Management Model Award, in partnership with the China Europe International Business School, Peking University's Guanghua School of Management, the School of Management of the Graduate School of the Chinese Academy of Sciences, Tsinghua University's School of Economics and Management, Renmin University of China's School of Business, and the Antai College of Economics & Management of Shanghai Jiao Tong University to help promote Chinese management models across the world.
In 2007, Youshang.com, the predecessor of Kingdee Jingdou Cloud and an online bookkeeping and business management platform developed by Kingdee, was officially unveiled, making Kingdee one of the first companies to break into the domestic SaaS cloud service market.x
In 2007, Kingdee’s software park in Shanghai was completed and opened its doors.
In 2005, Kingdee evolved from a domestic high tech company to a Hong Kong-listed international company, listing on the Main Board of the Stock Exchange of Hong Kong (stock code:00268.HK).
In 2004, Kingdee K/3 BOS, a new generation of technology platform for Kingdee K/3 products, was unveiled and hailed as the “number one brand in the Chinese software market by user satisfaction.”
On 14 February 2003, Li Peng, Head of the Standing Committee of the National People's Congress, Zhang Dejiang, member of the Political Bureau of the CPC Central Committee and Secretary of the Guangdong Provincial Party Committee, Huang Huahua, Deputy Secretary of the Provincial Party Committee, Lu Zhonghe, director of the Standing Committee of the Provincial People's Congress, and Yu Youjun, Mayor of Shenzhen City and member of the Standing Committee of the Provincial Party Committee, visited Kingdee International Software Group Limited in Shenzhen.According to Li Peng, the key to the development of high-tech industries is to develop new products with independent intellectual property rights and to eventually create products. It is not only necessary to get a head start over competitors in the domestic market, but also to have the courage to develop in the fierce international market.
In 2003, Kingdee launched a brand-new operation model in China's management software industry of "product leadership, partner first", and released the first domestic strategic enterprise management solution with BPM as the core - Kingdee K/3V10.0.
To commemorate its 10th anniversary, in 2003 Kingdee issued 2000 stock options to each employee in a bid to encourage employees to participate in the future of the group.
2003 also marked the official release of Kingdee's next-generation enterprise application software, EAS for J2EE V3.0, with Microsoft President Bill Gates presenting the short-message-approval function of Kingdee EAS.EAS's slogan was 'This year is 2004', meaning 'the company will stay ahead of its peers only by focusing on the future'.
In 2002, Kingdee supported education, gave back to the society, and donated money to Baisha Township, Yuanjiang City to build Kingdee Hope Primary School.
Kingdee donated a K/3 ERP system worth RMB 20 million to Shenzhen University, and both parties jointly set up the training centre of Kingdee K/3 Enterprise Management of Shenzhen University.
In 2001, China joined the World Trade Organization (WTO) and opened its doors to the outside world.The impact of international competition further increased the management needs of Chinese enterprises, and comprehensive information was used to predict future trends and make decision-making strategies.
In 2001, Kingdee was listed on the Growth Enterprise Market of the Hong Kong Stock Exchange with the stock code 8133, becoming the first independent software vendor in China to be listed overseas and enter the international capital market.
Kingdee acquired Beijing Case Software Technology, consolidating its leading position in the domestic ERP market.
In the same year, Wu Bangguo, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, accompanied Li Changchun, member of the Political Bureau of the CPC Central Committee and Secretary of the CPC Guangdong Provincial Committee, on a visit to Kingdee Software.
In 2000, Kingdee invested a huge amount of money to establish APUSIC Software Company, whose main business is the R&D and sales of middleware products. It has injected core competitiveness into Kingdee, which is a leader in the field of enterprise management and e-commerce application solutions.The main product of APUSIC Software Company is the Web-Enabled application server based on J2EE technology, which is the first J2EE middleware product with independent intellectual property rights launched by a domestic software manufacturer.
In 2000, Kingdee's President Xu Shaochun met with Microsoft President Steve Ballmer.Kingdee entered into a platinum partnership with Microsoft, and the Kingdee 2000 and K/3 systems became the world's first applications to successfully migrate to Windows 2000 and SQL Server 2000.With Kingdee becoming the first Chinese financial and enterprise management software maker to pass the Windows 2000 application compatibility testing, Kingdee 2000 and K/3 systems would develop into excellent Windows 2000-based enterprise distributed application solutions, thanks to their application of advanced network technologies.
In 2000, Kanba.com, the first professional business community website in China tailored to meet the wealth management needs of Chinese business executives, officially went online in Beijing.
In 1999, Kingdee released Kingdee K/3, the country’s first Internet-based ERP with a three-tier structure. The software was included in the national-level torch project and appeared at the first China Hi-Tech Fair.Until today, Kingdee K/3 is still very popular among Chinese enterprises.
In 1998, Kingdee introduced venture capital of 20 million yuan from International Data Group (IDG), becoming the first company in my country's financial software industry to introduce venture capital, and entered the enterprise management software market in an all-round way.
In 1998, Kingdee donated Kingdee products worth RMB 10 million to the Ministry of Education and 50 prominent Chinese universities including Peking University, Tsinghua University and Fudan University. In the following decades, Kingdee remained committed to helping the country cultivate grassroots software talent.
In 1998, Kingdee made great achievements in the enterprise management software market. The photo shows the strategic discussion meeting held by the main leaders of Kingdee in Wuzhou Hotel, which determined the future development direction of Kingdee.
A New Era of Financial Management
Establishment-1997 A New Era of Financial Management With old technologies constantly being replaced by new ones, Kingdee has remained committed to becoming a company that dares to take on the responsibilities of the times. Over the past 24 years, Kingdee has strived to become a software empire that helps large numbers of Chinese enterprises become stronger and expand their business overseas, contributing to the country’s economic development. Always keen on exploring the infinite possibilities of the future.
In 1997, Kingdee created the first 32-bit decision-supporting financial software in the industry, and won the first overall score in the domestic Windows version of financial software evaluation activities, ushering in a new era of financial software decision-making support in China.
The 1997 Kingdee National Agency Conference was held. The key advantage of possessing leading technology saw Kingdee's business expand rapidly across the country, with the company being recognised by many enterprises.
With the tide of globalisation and the application of IT surging, information was becoming an important strategic resource for the development of enterprises.The competitive pressure of globalisation meant companies needed to access information in a timely, comprehensive and accurate manner.As a pioneer in enterprise management software, Kingdee delivered advanced management ideas to companies with the help of ERP, and helped Chinese enterprises to actively cope with the challenges of economic globalisation.
In 1996, Kingdee released the Kingdee financial software V2.51 for Windows, the first Windows-based financial software in China. The China Software Testing Center confirmed the software as the country’s first robust financial software for Windows.
In 1995, Kingdee launched the version 1.0 of Kingdee financial software For Windows, which started a major shift in the accounting work platform and helped 12 million financial personnel to successfully get rid of the abacus.
In 1995, Wang Guangying, Vice Chairman of the National People's Congress Standing Committee, said 'Shenzhen-based Kingdee is at the forefront of reform'.
In 1994, Kingdee launched V3.0 financial software.Professor Yang Jiwan, a member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and a well-known accountant, wrote an inscription for Kingdee: "The sea of accounts is boundless, and Kingdee is the shore."
In 1994, Windows released its first simplified Chinese version (Win3.2), and more IT leaders in China began to focus on developing this platform
Mr. Xu founded Kingdee in hopes that its products could trickle down to financial personnel and help liberate them from the drudgery of financial work. The “-dee” of the name Kingdee means “butterfly.”The name is derived from the lyrics of “Sinian (Longing),” a Mao A’min song: “Where do you come from, my friend? You are like a butterfly flying into my window.”
In July 1991, Kingdee founder Xu Shaochun established Shenzhen Aipu Computer Technology Co., Ltd.
In November of that year, Mr. Xu independently developed Aipu Computer Accounting System V1.0, which passed an assessment conducted by Shenzhen’s finance bureau. The software provided technological support to Shenzhen in its effort to promote the computerisation of accounting systems in the city, and helped break the dependence of foreign enterprises on imported financial management software.
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