相关企业：武汉小果科技有限公司、厦门犀牛云创科技有限公司、深圳小鹅网络技术有限公司、保利威 是易方信息科技股份有限公司、杭州有赞科技有限公司、上海梦饷科技（集团）有限公司、江苏微盛网 络科技有限公司、北京尘锋信息技术有限公司、北京探马企服科技有限公司、深圳市六度人和科技有限 公司、埃森哲、国际商业机器公司（IBM）、上海宝尊电子商务有限公司 关键词：私域运营解决方案行业核心线路、私域运营解决方案行业产业链、私域运营解决方案行业市场 规模、私域运营解决方案市场细分结构、私域运营解决方案行业竞争格局、私域运营解决方案代表企业 经营现状、私域运营解决方案行业发展潜力 一、私域运营解决方案行业定义及分类 商业运营解决方案是一个综合性概念，指利用大数据、物联网、云计算等先进的科技和智能化手段，整 合商业资源，优化运营流程，提升效率、增加盈利并实现商业价值最大化的综合性方案。根据线上场域 的类型，商业运营解决方案可分为私域运营解决方案和公域运营解决方案。其中，私域指由企业直接控 制的流量及用户参与渠道，通常通过去中心化社交网络服务（例如微信生态系统、社群、小程序等渠 道）运营。其本质是用户资产的所有权转移，将原本属于平台 ...

Core Viewpoint - The article discusses the entrepreneurial journey of Bao Chunjian, who founded Xiaoe Tong, a leading private domain operation solution provider, and its upcoming IPO on the Hong Kong Stock Exchange, highlighting both the company's growth and the challenges it faces. Group 1: Company Overview - Xiaoe Tong submitted its prospectus to the Hong Kong Stock Exchange in August 2025, aiming to become the "first stock in private domain operations" [1] - The company has evolved from a struggling startup to a capital darling, attracting investments from major players like Tencent and Hillhouse Capital [1][7] - As of June 30, 2025, Xiaoe Tong had over 39,180 clients, including 1,838 key clients, and its revenue for 2024 was projected to exceed 5 billion RMB [7][12] Group 2: Financial Performance - Xiaoe Tong's revenue has shown consistent growth, with figures of 2.99 billion RMB in 2022, 4.15 billion RMB in 2023, and 5.21 billion RMB in 2024 [13] - The company reported a net loss of 582.4 million RMB in the first half of 2025, but its adjusted net profit turned positive in 2024 [14] - The gross profit margin has improved from 54.3% in 2022 to 75.5% in the first half of 2025 [15] Group 3: Market Position - Xiaoe Tong holds a 10% market share in the interactive private domain operation solution market, leading the sector [18][19] - The market for interactive private domain operation solutions is expected to grow from 19 billion RMB in 2019 to 52 billion RMB in 2024, with a compound annual growth rate of 22.8% [17] - The company faces increasing competition and must leverage its IPO to strengthen its core competitiveness [19] Group 4: Regulatory Challenges - Xiaoe Tong has faced scrutiny due to merchant violations on its platform, necessitating enhanced compliance measures [20][21] - The company has implemented a mechanism to combat illegal stock recommendations and has taken steps to improve its content review processes [26][29] - As of September 2024, Xiaoe Tong received 77 complaints, primarily related to refund issues and false advertising [28] Group 5: Future Outlook - The private domain operation market is projected to grow significantly, with potential market size increasing from 147.5 billion RMB in 2024 to 181.3 billion RMB by 2029 [30] - Xiaoe Tong must balance business growth with compliance management to seize market opportunities and build investor trust [31]