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Kingdee Q3 net new ARR up 46.9%, AI-native deals reach RMB 1.002B

AI summary

Kingdee International said its subscription ARR stood at about RMB 4.604 billion at the end of September, up roughly 19.3% year on year, while net new ARR in the third quarter rose about 46.9% from a year earlier. The company also disclosed that signed contracts for its AI-native products reached RMB 1.002 billion in the first three quarters, and that Q3 contract wins included CRRC, Changan Automobile, China Everbright Group, H World Group and Sunshine Zhiwei. Kingdee shares rose 3.45% on the day of the announcement.

In-depth insight

The AI-native contract figure offers a tracked data point on how AI monetization is progressing in enterprise management software.

#Kingdee International#CRRC#Changan Automobile#China Everbright Group#H World Group#Sunshine Zhiwei

Original · 3 min readRead the original
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