YoYo Systems

About YoYo Systems

Beijing YoYo Tianyu System Technology Co., Ltd., operating as YoYo Systems, was established in early 2010 by Dr. Yao Hongyu, a returnee from Silicon Valley. Dr. Yao, who previously held senior architect and management roles at Yahoo and the travel search engine SideStep, founded the company to bring internet-scale technologies to enterprise IT systems. His academic journey began in the Special Class for the Gifted Young at the University of Science and Technology of China, followed by graduate studies in the U.S. where he earned a Ph.D. from the University of Wisconsin-Madison.

YoYo Systems specializes in cloud computing and big data core technologies, developing foundational software products and industry solutions. The firm addresses the challenges of "data islands" and heterogeneous systems resulting from years of traditional IT development, which hinder digital transformation. Its core value proposition is to facilitate the efficient flow and virtualization of data, which it likens to creating a high-speed logistics and unified warehousing system for an enterprise's data assets. The company's technology is designed to enable data to move quickly and be accessed readily, thereby increasing its value.

The company's product portfolio, the CloudWare suite, includes a cloud operating system, an IT system operation and maintenance platform (NetVM), and a distributed database (DataCell). A key component is the Bitsflow distributed data bus, which ensures secure, real-time, and reliable exchange of massive amounts of information between computers. These products are engineered to manage thousands of servers, provide scalable storage for petabyte-level data, and analyze trillions of data records at a fraction of the cost of traditional large-scale commercial software. YoYo Systems serves a diverse client base that includes government agencies, public security departments, and large state-owned enterprises in sectors like telecommunications and the national grid, as well as private companies in e-commerce and real estate.

Financially, the company has secured multiple rounds of funding from notable investors. Its journey began with a multi-million dollar Angel round from CBC Broadband Capital in late 2010, followed by an A-round from Zhongguancun Development Group. Subsequent strategic investments came from institutions like Shenzhen Guochuang and China Development Investment Corporation (SDIC). Most recently, YoYo Systems completed a Pre-B round in September 2022, raising tens of millions of RMB to bolster cash reserves and expand market promotion efforts.