Xingyun Technology
行云科技
AI compute lessor positioning itself as a “Token Factory”, with over CNY 16 billion in five-year compute contracts
- Headquarters
- Changsha, China
- Region
- Other China
- Founded
- 2000
- Stage
- Public
Overview
Xingyun Technology (300209.SZ), formerly Youkeshu Technology, is a Shenzhen-listed company that pivoted to AI computing infrastructure after bankruptcy reorganization. Headquartered in Changsha, Hunan, it reorganized under controlling shareholder Wang Wei and renamed in February 2026. Its core business is AI compute leasing and trading: it aggregates heterogeneous GPU clusters and rents them out to large-model vendors, AI startups and telecom carriers, using a Token-as-a-Service (TaaS) model billed by inference tokens. As of September 2026 its five-year compute framework orders on hand reached CNY 16.0 billion.
Products
3Compute Leasing
Short-term compute leasing, long-term dedicated clusters and private deployment.
Token-as-a-Service (TaaS)
Elastic inference compute billed per token consumed.
Token Factory
Integrated AI infrastructure combining liquid cooling and ASIC chips.
Highlights
3- 01Five-year compute framework orders on hand reached CNY 16.0 billion as of September 2026.
- 02Renamed from Youkeshu Technology to Xingyun Technology in February 2026, pivoting to AI compute.
- 03Revenue rose 497% year on year in H1 2026 on the back of compute leasing.
People
1Funding
1- Source
破产重整投资
CNY 10.86803145 亿
Events
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Related projects
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Topics
5Coverage
1Information compiled from public sources; refer to the company's official website for authoritative details.