Bairong Inc.
Category: AI Agents
A cloud-based AI turnkey service provider that has pivoted to a 'Results-as-a-Service' (RaaS) model, deploying autonomous AI Agents to automate business processes for financial and industrial clients. Bairong Inc. was founded in 2014. The company is led by Zhang Shaofeng. Based in Beijing, China. Team size: 1,481. Total funding raised: ~$660M+. Latest round: IPO (HKEX Main Board). Key investors include China Reform Fund, Sequoia Capital China, IDG Capital, Hillhouse Capital, CICC.
- Founded
- 2014
- Headquarters
- Beijing, China
- Team size
- 1,481
- Total funding
- ~$660M+
Value proposition
Moves beyond traditional software licensing to 'Results as a Service' (RaaS), where AI Agents autonomously handle marketing, risk management, and user operations to deliver measurable business outcomes (e.g., conversion rates, asset recovery) rather than just tools.
Products and solutions
Results Cloud Platform, CybotStar (Agent Platform), BR-LLM, VoiceGPT, AvatarGPT, Indra, Baihui Agent Store
Unique value
Shifting the business model from SaaS to RaaS, taking direct responsibility for client KPIs using autonomous agents. Dual-Engine AI combines Discriminative AI (risk/decisioning) with Generative AI (human-like interaction).
Target customer
Financial Institutions (Banks, Insurance, Wealth Management), Smart EV Automakers, and Government/Enterprise sectors
Industries served
Financial Services, Automotive (Smart EV), Enterprise Services
Technology advantage
Accumulated financial/behavioral data and risk models (MaaS) over a decade. 95% Self-Owned IP.
How they differentiate
Pioneered 'Results-as-a-Service' (RaaS) model where revenue is tied to AI agent performance outcomes rather than software licensing; Proprietary 'Dual-Engine' AI combining risk decisioning with generative voice/text agents.
Main competitors
Linklogis, OneConnect (Ping An), Qifu Technology (360 DigiTech)
Key partnerships
Shanghai Pudong Development Bank (SPD Bank), Tsinghua University (PBC School of Finance), Huawei Cloud, Leading Smart EV Automakers
Notable customers
Shanghai Pudong Development Bank (SPD Bank), State-Owned Banks, Joint-Stock Banks, Insurance Companies
Major milestones
2014: Founded in Beijing, 2018: Secured massive Series C round led by China Reform Fund, 2021: Successful IPO on Hong Kong Stock Exchange (HKEX: 6608), 2024/2025: Launch of CybotStar (AI Agent Platform) and pivot to RaaS strategy
Growth metrics
2024 Revenue: RMB 2.93 Billion (+9.26% YoY); H1 2025 Revenue: RMB 1.61 Billion (+22% YoY); Paying Clients: >4,000
Market positioning
Leading AI-driven turnkey service provider for China's financial industry.
Geographic focus
Mainland China, expanding to Hong Kong and Southeast Asia
Patents and IP
461+ software copyrights and patents (as of June 30, 2025). Key patents include Federated Learning and Voice Interruption Methods.
About Zhang Shaofeng
Zhang Shaofeng is the Founder, Chairman, and CEO of Bairong Inc. Prior to founding Bairong in 2014, he was a Partner at Percent Information (Beijing Percent Information Technology), a big data technology company. He holds both Bachelor's and Master's degrees in Electrical Engineering from Tsinghua University. He is also an expert member of the MBA Advisory Committee of Renmin Business School.
Official website: https://www.baironginc.com/en