Beijing Shiji Information Technology (SZ:002153)2023-02-17 12:16Group 1: Company Overview and Activities - Beijing Zhongchang Shiji Information Technology Co., Ltd. is engaged in investor relations activities, including specific object research and analyst meetings [1][3]. - The investor relations activity took place on February 15, 2023, at the company's headquarters in Haidian District, Beijing [4][6]. Group 2: Cloud System Development - International hotel groups prefer not to develop their own next-generation cloud hotel systems due to the complexity and high costs associated with maintaining talent and infrastructure [4][5]. - The transition to cloud systems is driven by the need for mobile integration throughout the guest journey, requiring global data consistency and compliance with data protection laws [5][6]. Group 3: Competitive Advantages - The Shiji Enterprise Platform offers competitive advantages such as global distributed deployment, single inventory, and enhanced data security compared to existing PMS products [5][6]. - The platform aims to restructure hotel management systems and processes, laying the foundation for digital transformation in hotel operations [5][6]. Group 4: Target Clients and Market Strategy - The primary target clients for the Shiji Enterprise Platform are leading international hotel groups and significant regional hotel chains that require unique functionalities [5][6]. - The company seeks to provide advanced digital tools to high-end hotel groups, similar to those used by international counterparts [6]. Group 5: Strategic Partnerships - Alibaba's investment has provided crucial support, with their decision-making team understanding the value and challenges of the company's platform and international transformation efforts [6].