The Mysterious Force Behind IPOs! Over Half of the Companies Listed in 2024 Use DingTalk

In the innovation-driven capital market, digital transformation has become the "fountainhead" for enterprises to achieve high-quality development. In this trend, DingTalk has become the preferred collaborative office platform for many listed companies by virtue of its strong digital infrastructure capabilities. According to the latest statistics, more than half of the companies that successfully completed IPOs in China in 2024 use DingTalk, with a high proportion of 55%. More notably, 25% of IPO companies have deeply adopted DingTalk (with DingTalk Index scores higher than the standard for top DingTalk users), leveraging DingTalk's digital solutions to iterate business processes and enhance operational quality and efficiency. Looking at the industry distribution, these IPO companies that extensively use DingTalk align closely with the cutting-edge sectors such as new materials, semiconductors, digital finance, new energy vehicle components, and green manufacturing—fields identified as the new engines driving economic growth, representing its future potential.

In the innovation-driven capital market, digital transformation has become the "fountainhead" for enterprises to achieve high-quality development. In this trend, DingTalk has become the preferred collaborative office platform for many listed companies by virtue of its strong digital infrastructure capabilities.

According to the latest statistics, more than half of Chinese companies that successfully IPOed in 2024 are DingTalk users, accounting for 55%. Even more notably, 25% of IPO companies have deeply leveraged DingTalk [and have DingTalk Index scores superior to those of other DingTalk-using firms], iterating business processes and enhancing operational efficiency and quality through its digital solutions.

In terms of industry distribution, these deeply DingTalk-using IPO companies match the advanced industry pathways, including new materials, semiconductors, digital finance, new energy vehicle components, and green manufacturing. These industries are exactly the current engines of economic growth and represent future economic growth potential.

As these companies' preferred digital tool, DingTalk has not only met their basic daily collaborative office needs but also broken down the barriers between "people, events, and data" by integrating several business digitalization systems. DingTalk's open ecosystem and flexible capabilities enable companies to easily digitize and intelligently manage their business processes, thereby enhancing operational efficiency and accelerating innovative development.

This year, regulatory authorities have introduced a series of policies and measures, such as the "Sixteen Tech Support Measures," the "Kechuang Eight Points," and the "M&A Six Points," aimed at enhancing the inclusiveness and adaptability of capital markets and directing high-quality resources to new productive sectors. According to EY's "2024 China Mainland and Hong Kong IPO Market Report and Outlook," released by leading international consulting firm EY, despite a slowdown in A-share IPO activity throughout the year, there have been signs of improvement in the fourth quarter. In terms of industry trends, capital market resources are increasingly tilting toward the fields of emerging productivity.

01 Ugreen

Ugreen was established in 2012. The company is a national high-tech enterprise that integrates research and development, design, production, and sales, as well as a world-famous brand in the tech consumer electronics industry. Currently, Ugreen has built a series of high-quality digital products across the categories of transmission, audio-visual, charging, storage, and mobile peripherals, selling in multiple countries and regions. Last July, Ugreen officially debuted on the Shenzhen Stock Exchange's ChiNext board.

Ugreen started using DingTalk in 2018. Since 2022, it has used DingTalk's professional version as its digital foundation. By closely integrating its operations with products such as Cool Applications, Ugreen has conducted deep secondary development to achieve the goal of "making business communication centralized on IM."

For example, to resolve the cumbersome issue of having to log into the BI system to check sales data, Ugreen developed a "card-style" system on the foundation of DingTalk's digital platform. This system is integrated with Ugreen's own BI system, enabling real-time data inquiry, report summarization, and inventory inquiries. The results are generated into data cards that are pushed to employees in different positions or sent to DingTalk group chats. Employees can easily access these on their mobile phones anytime, making their work more flexible and efficient. It not only meets the data query needs of operational roles but also aggregates data across systems, allowing managers to grasp the overall data more efficiently and provide solid support for decision-making.

Similarly, the "card-style" system is also applied in Ugreen's inventory management process. At a fixed time each day, inventory, in-transit, and slow-moving product data are pushed to the relevant employees in the form of cards, helping them promptly understand the latest data, develop corresponding strategies for inventory turnover, and transition from "people finding tasks" to "tasks finding people." Previously, if anomalies were discovered in the system or there were product changes, someone needed to log into the system to check and then send an email to notify the responsible personnel for follow-up actions. Now, these notifications can trigger automated push mechanisms, directly delivering the information to the responsible employees via DingTalk.

02 Runben Bio

Founded in 2006, Runben Bio is a well-known Chinese company specializing in mosquito repellents and personal care products, integrating professional research, production, and sales. Its products, such as electric mosquito repellent liquids, Bluetooth smart heating kits, and mosquito repellent sprays, have gained widespread market recognition. Currently, Runben Bio leads the online market in the mosquito repellent industry and, relying on its in-house production advantages, diversifies its product offerings to cover all key consumer lifestyle scenarios. Adhering to the R&D, production, sales integrated business model, the company has established two self-owned production bases equipped with independent R&D teams and 56 automated production lines, offering robust production capacity support for its sales. In October 2023, Runben Bio achieved listing on the main board of the Shanghai Stock Exchange, becoming known as "the first stock in infant and child care."

Runben Bio started using DingTalk as early as 2017. Initially, it mainly applied DingTalk's basic features such as attendance, OA (Office Automation), performance systems, and smart meeting rooms to digitize daily collaboration tasks. It also brought in SaaS solutions from DingTalk’s ecosystem, like overseas task management and credential management, to handle business scenarios involving project coordination. As organizational digitization and business digitization advanced, Runben Bio started to use the professional version of DingTalk to build a unified collaboration office portal on DingTalk's digital foundation. They integrated business systems, including BI, internal procurement mall, and distribution mall, so that employees can access multiple business systems with a single sign-on, which effectively enhanced office efficiency. At the same time, Runben Bio leveraged secondary development to create a mobile workbench, providing more managers and employees with convenient access through mobile devices.

03 Dekang Farming & Ranching

Dekang Farming & Ranching is an agricultural enterprise characterized by both leading position and growth potential, upholding the philosophy of "treating farming as food production and food production as health care." Its business spans pig breeding, premium chicken breeding, food processing, and digital agriculture, respectively. Currently, the Dekang Group has two national key leading agricultural industrial enterprises. It has over 120 subsidiaries spread across 13 provinces, municipalities, and autonomous regions nationwide. In recent years, relying on its substantial technological advantages and genetic resources as well as its breeding system, Dekang Farming & Ranching has undertaken more than 50 major national and provincial research projects in science and technology, and officially listed on The Stock Exchange of Hong Kong Limited in December 2023.

As a benchmark client of DingTalk, Dekang Farming has built an enterprise-level digital platform named "Dekang+" upon the exclusive digital infrastructure of DingTalk, creating a unified collaborative work portal and a cultural hub for the enterprise. This move has enhanced the company's brand image and strengthened employees’ sense of belonging. Meanwhile, Dekang Farming is leveraging the agile low-code capabilities of the exclusive edition of Yida to develop multiple applications, realizing the digitization of business scenarios.

For example, with the "replacement pig management" application, Dekang Farming can automatically send reminders about immunization and health care to the responsible persons, as well as notices regarding prolonged replacement pig days, facilitating proactive task initiation and achieving standardized, process-driven management. Employees, farm managers, supervisors, and regional officers can easily access relevant information using their mobile phones whenever they need. Additionally, the "Swine Insurance" application enables Dekang Farming to complete all stages of swine insurance, including policy application, filing claims, case closing, and insurance payment, in one place. This not only enhances efficiency but also reduces the backlog problem that was typically caused by slower manual processing of business procedures, thereby boosting economic returns.

With continuous advancements in digital technologies and the expansion of application scenarios, more than half of the new listed companies in 2024 have chosen to "use DingTalk" — a choice that not only affirms the functionality of DingTalk’s products and the quality of its service but also demonstrates a proactive response to the trend of corporate digital transformation. Looking ahead, leveraging its technological advantages and its platform, DingTalk will continue empowering more organizations, accelerating business and management upgrades, and working hand-in-hand to forge a new era of digital economy.