Mar 25, 2021 01:59 PM (GMT+8) · EqualOcean
On March 24, Kingdee International, a Hong Kong listed company, released its 2020 annual performance report. During the reporting period, the business revenue of Kingdee cloud continued to grow, with a year-on-year growth of 45.6%, accounting for 57%. Due to the growth of cloud subscription business, the contract liabilities related to subscription services increased by 95.7% year on year, and the annual recurrent revenue of Kingdee cloud subscription was about 1 billion yuan, up 58% year on year.