Core Viewpoint - "Nai Niu Kuaichuan" announced it will cease operations on December 8, 2025, ending all services including login, upload, and download functions [1][3]. Company Summary - "Nai Niu Kuaichuan" is an online file transfer service provider launched in 2016, known for its user-friendly interface, no registration requirement, high-speed transfers, and support for large file transfers [3][5]. - The platform allows free users to transfer files up to 5GB, automatically generating shareable links with customizable settings for expiration, download limits, and access passwords [7]. - The company will shift focus to developing a new product called "Gao Ding She Ji," which will support file sharing, collaboration, online design, and AI creation [9]. Industry Summary - The personal cloud storage market in China has been competitive since around 2012, with major players including Tencent, Alibaba, and Baidu dominating the landscape [9][10]. - Despite a relatively stable market structure, competition remains fierce, with both established and emerging players like Quark Cloud and Dropbox striving to differentiate themselves [10]. - The profitability of personal cloud services is challenged by a reliance on user subscriptions for premium services, and temporary file transfer tools face risks of shutdown due to operational costs and technological changes [10].

Core Viewpoint - The personal cloud storage market in China is experiencing rapid growth, driven by increased user willingness to pay for enhanced services and features, with the market expected to reach 5.429 billion yuan in 2024, reflecting a year-on-year growth of 11.96% [1][10]. Overview - Personal cloud storage services allow users to upload and manage personal files online, providing functionalities such as data backup, cross-device synchronization, and file sharing [2]. - The market is segmented into membership services and value-added services, which complement each other in meeting user needs and generating commercial value [2]. Development History - The personal cloud storage market began around 2006, initially attracting users with free storage options, but faced challenges leading to the closure of some services by 2016 [4]. - Post-2016, surviving services accelerated commercialization by offering diverse paid features, responding to heightened user demands for storage capacity and download speeds [10]. - The industry has stabilized, focusing on user experience and service quality, with a shift towards paid membership models as a key revenue source [4][10]. Industry Chain - The upstream of the personal cloud storage industry includes infrastructure providers, hardware manufacturers, and software developers, while the downstream consists of individual users and small to medium enterprises [6]. - Individual users primarily utilize these services for personal data storage and sharing, while SMEs leverage them for document storage and collaboration [6]. Current Market Status - The personal cloud storage market in China is projected to reach 5.429 billion yuan in 2024, with membership services accounting for approximately 51.6% and value-added services for about 48.4% of the market [10]. Competitive Landscape - Major players in the personal cloud storage market include Tencent, Alibaba, and Baidu, which dominate the market with their respective products, benefiting from strong technical capabilities and extensive user bases [12]. - The competitive landscape features various types of providers, including internet companies, telecom operators, and smartphone manufacturers, each leveraging unique advantages [14]. Industry Trends - The proliferation of 5G networks and edge computing is expected to enhance user experience by reducing latency, leading to increased applications of personal cloud storage in diverse fields such as office collaboration, entertainment, education, and healthcare [19].