Yonghong Tech

About Yonghong Tech

Established in 2012, Yonghong Technology is a Beijing-based high-tech company operating in the big data and business intelligence (BI) sector. The company was founded by CEO He Chuntao, a big data technology expert with nearly two decades of experience in the business intelligence field. Prior to founding Yonghong Tech, He Chuntao served as a research and development vice president at a multinational BI firm, where he led a team in developing software products used by over half of the Fortune 500 companies.

Yonghong Tech provides an end-to-end, one-stop big data analytics platform designed to serve enterprise users. The company's business model is centered on a subscription-based SaaS model, offering both paid and free versions of its products to cater to a wide range of clients, from large enterprises to small and medium-sized businesses and individual data analysts. Its client portfolio includes major names in finance, manufacturing, retail, and government, such as the Industrial and Commercial Bank of China, China Mobile, and the State Grid Corporation of China.

The company's flagship product is the Yonghong Z-Suite, an enterprise-level platform that covers the entire data analysis workflow, including data collection, cleaning, storage, modeling, and visualization. A key feature is its proprietary VooltDB high-performance computing engine, which utilizes technologies like columnar storage and distributed computing to deliver responses in seconds, even with billions of data entries. For non-technical users, the platform offers a user-friendly, drag-and-drop interface and AI-enhanced analytics, enabling them to perform complex data analysis without extensive training. For smaller businesses and individuals, Yonghong Tech offers a "free-to-use family bucket" which includes Yonghong Desktop Basic for offline analysis and X+Viewer for sharing reports.

Since its inception, Yonghong Tech has secured significant funding from investors including Tencent, Matrix Partners China, and Oriental Fortune Capital. The company completed its Series C funding round in 2018, raising a total of $83.3 million over five rounds. In March 2022, it was reported that the company was planning to go public in Hong Kong.