Core Viewpoint - The acquisition of Qingyun Rental marks a historic breakthrough in the domestic digital leasing sector, establishing it as the first mobile leasing platform with a Hong Kong stock market background, indicating a significant shift from the industrial to the capital end for the industry [1][12] Company Overview - Qingyun Rental, developed by Wuhan Qingqing Times Network Technology Co., Ltd., is a pioneer in the credit-free digital leasing field in China, showcasing a mature business model and comprehensive operational capabilities [1] - The business model includes self-operated and managed operations, covering diverse scenarios such as corporate office equipment leasing and personal digital product leasing, providing a one-stop solution from product selection to after-sales service [1] Operational Strengths - The company has established a robust supply chain through deep collaboration with globally recognized digital brands, ensuring product quality and enhancing inventory turnover efficiency [10] - Technologically, Qingyun Rental integrates national credit big data and blockchain technology to develop an intelligent risk control system and post-rental management platform, achieving a 37% increase in transaction efficiency while optimizing user experience [10] Performance Metrics - In the past year, the platform's monthly traffic exceeded 10 million, with a cumulative GMV surpassing 2 billion yuan by August 2025, and over 1 million individual customers and 1,000 corporate leasing clients served [10] - The company has contributed to carbon reduction by 120,000 tons through equipment circular leasing and has formed a "leasing + service" alliance with over 1,000 channel partners [10] Future Development Plans - Post-acquisition, Qingyun Rental aims to leverage blockchain technology for the digital upgrade of leasing assets, allowing for the tokenization of leasing order rights and receivables, facilitating global asset circulation and investment [11] - The company plans to utilize capital market support to diversify financing channels and accelerate national and international expansion, positioning itself as a benchmark in the digital leasing industry [12]