# Kingdee International

Kingdee International is an Asset Manager based in Shenzhen, China.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Shenzhen, China
- **Region:** Asia
- **Address:** Shenzhen, China
- **Assets under management:** Undisclosed
- **LinkedIn:** https://www.linkedin.com/company/kingdeeofficial

## Regulatory record

- **Reports private funds:** No

## About

Kingdee International Software Group was founded in 1993 by Xu Shaochun, who remains chairman and a controlling shareholder. The company grew from a desktop accounting package into China's second-largest ERP provider, behind only Yonyou. Its wealth was built through decades of enterprise software sales in a market that demanded localized financial compliance tools. Kingdee's strategy centers on cloud migration — its Kingdee Cloud Galaxy platform targets mid-market and large enterprises with modular ERP, human capital, and supply-chain modules. The firm also operates Kingdee Cloud Star for small businesses, creating a full-stack SaaS offering. Confirmed portfolio companies include the firm's own operating subsidiaries, but its investment arm takes minority stakes in complementary tech firms, such as its 2023 investment in AI-powered invoice processing. The company's team exceeds 12,000 employees, with headquarters in Shenzhen and regional offices across Shanghai, Beijing, Guangzhou, and Chengdu. An adjacent vehicle is the Kingdee Foundation, which supports educational initiatives in rural China. A recent operational event from the last 24 months: In October 2024, Kingdee launched an AI co-pilot for its cloud suite, integrating large language models into its financial software (per the firm's October 2024 announcement). Kingdee's structural differentiator is its dual identity as both a product company and an investment vehicle. The firm uses its own cash flow — not external capital — to fund strategic stakes in software startups, creating a self-sustaining ecosystem that aligns product roadmaps with equity returns. This contrasts with pure-play VC firms and reflects the founder's long-term orientation.

## Sectors

- Enterprise Software

## Questions

### How does Kingdee source proprietary deal flow?

Kingdee sources deals through its own customer base of over 7 million businesses, many of which are software vendors or tech startups. The firm also leverages its cloud platform partnerships and participation in Chinese tech incubators.

### Does Kingdee participate in fund commitments or only direct deals?

Kingdee primarily conducts direct minority investments and acquisitions. It does not publicly disclose fund commitments but has been involved in co-investments alongside other Chinese tech platforms.

### What investment stages does Kingdee typically target?

Kingdee's investment arm targets growth-stage and late-stage software companies that have already achieved product-market fit. It avoids early-stage seed bets, preferring established firms that can integrate into its cloud ecosystem.

### Which sectors does Kingdee explicitly avoid?

Kingdee avoids sectors unrelated to enterprise software, such as consumer internet, real estate, and financial services. Its focus is strictly on B2B SaaS, cloud infrastructure, and AI-powered business tools.

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Last updated: 2026-06-03T20:00:00.000Z

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