Yunify Technologies Inc.

QingCloud's 2025 annual report summary is the financial proof that makes Yunify Technologies Inc. economically interesting: the listed QingCloud business was still loss-making, reporting a 2025 net loss attributable to shareholders of RMB66.6631 million and accumulated undistributed losses of RMB1.2218 billion, while describing a cloud model that depends on servers, network equipment, racks, bandwidth, IP resources, optical fibre and leased data-centre resources (https://static.cninfo.com.cn/finalpage/2026-04-30/1225256769.PDF). The question is therefore not whether the company can describe cloud products. It is whether a regulated Chinese buyer treats Yunify/QingCloud as infrastructure, as a software platform, or as a domestic survival option when compliance, capital, GPUs and trust set the real price.