Cloopen Group Holding

Cloopen Group Holding Ltd. provides cloud based communications solutions. It offers covering communications platform as a service (CpaaS), cloud based contact centers, and cloud based unified communications and collaborations. The company provides services to all sizes of industries, including Internet, telecommunications, financial services, education, industrial manufacturing, and energy. Cloopen Group Holding was founded by Chang Xun Sun on January 3, 2014 and is headquartered in Beijing, China.

Cloopen lost money in Q2, but its sales are still growing briskly.

Why Cloopen Group Stock Just Popped

Cloopen Group Holding Limited's (RAAS) CEO Changxun Sun on Q2 2021 Results - Earnings Call Transcript

BEIJING, Aug. 11, 2021 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE: RAAS) ("Cloopen" or the "Company"), a leading multi-capability cloud-based communications solution provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2021. Second Quarter ended June 30, 2021 Highlights Revenues were RMB273.9 million (US$42.4 million), representing a 47.9% increase year-over-year.

Cloopen Group Holding Limited Announces Unaudited Second Quarter 2021 Financial Results

BEIJING , July 28, 2021 /PRNewswire/ -- Cloopen Group Holding Limited ("Cloopen" or the "Company") (NYSE: RAAS), a leading multi-capability cloud-based communications solution provider in China, today announced that it will report its unaudited financial results for the second quarter 2021 before the U.S. market open on Wednesday, August 11, 2021. The Company will hold a conference call on Wednesday, August 11, 2021, at 8:00 A.M.

Cloopen Group Holding Limited to Report Second Quarter 2021 Financial Results on August 11, 2021 Eastern Time

China-based Cloopen Group is an emerging leader in cloud communications software and services rebranding into "Ronglian Cloud". The stock has been under pressure since its U.S. IPO earlier this year while the company just reported its Q1 results highlighted by solid growth.

Cloopen Group: A Turnaround Pick As It Rebrands Into 'Ronglian Cloud'

Cloopen Group Holding Limited (RAAS) CEO Changxun Sun on Q1 2021 Results - Earnings Call Transcript

BEIJING, June 10, 2021 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE: RAAS) ("Cloopen" or the "Company"), a leading multi-capability cloud-based communications solution provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2021. First Quarter ended March 31, 2021 Highlights Revenues were RMB204.5 million (US$31.2 million), representing a 54.4% increase year-over-year.

Cloopen Group Holding Limited Announces Unaudited First Quarter 2021 Financial Results

BEIJING, May 27, 2021 /PRNewswire/ -- Cloopen Group Holding Limited ("Cloopen" or the "Company") (NYSE: RAAS), a leading multi-capability cloud-based communications solution provider in China, today announced that it will report its unaudited financial results for the first quarter 2021 before the U.S. market open on Thursday, June 10, 2021. The Company will hold a conference call on Thursday, June 10, 2021, at 8:00 A.M.

Cloopen Group Holding Limited to Report First Quarter 2021 Financial Results on June 10, 2021 Eastern Time

BEIJING, May 10, 2021 /PRNewswire/ -- Cloopen Group Holding Limited ("Cloopen" or the "Company") (NYSE: RAAS), a leading multi-capability cloud-based communications solution provider in China, today announced that it has filed its annual report on Form 20-F that includes its audited financial statements for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission (the "SEC") on May 10, 2021, U. S. Eastern Time.

Cloopen Filed 2020 Annual Report on Form 20-F

LOS ANGELES--(BUSINESS WIRE)---- $RAAS #RAAS--INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Cloopen Group Holding Limited

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Cloopen Group Holding Limited and Encourages Investors with Losses to Contact the Firm

BEIJING, March 26, 2021 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE: RAAS) ("Cloopen" or the "Company"), a leading multi-capability cloud-based communications solution provider in China, today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2020. Fourth Quarter 2020 Highlights Revenues were RMB258.7 million (US$39.6 million), representing a 15.5% increase year-over-year.

Cloopen Group Holding Limited Announces Unaudited Fourth Quarter and Fiscal Year 2020 Financial Results

Cloopen Group Holding's price fell from USD 48 to USD 20 in the month after its IPO, approaching the issue price. Though its revenue is increasing, the company is yet to make profits and its net loss has been growing.

Cloopen Group: The Struggle To Become The Next Twilio

BEIJING, March 16, 2021 /PRNewswire/ -- Cloopen Group Holding Limited ("Cloopen" or the "Company") (NYSE: RAAS), a leading multi-capability cloud-based communications solution provider in China, today announced that it will report its unaudited financial results for the fourth quarter and full year 2020 before the U.S. market open on Friday, March 26, 2021. The Company will hold a conference call on Friday, March 26, 2021, at 8:00 A.M.

Cloopen Group Holding Limited to Report Fourth Quarter and Full Year 2020 Financial Results on March 26, 2021 Eastern Time

Chinese multi-capability cloud-based communications solution provider Cloopen Group Holding Ltd (NYSE: RAAS) inked an agreement to acquire customer relationship management (CRM) software provider EliteCRM. The financial terms of the transaction were not disclosed.

Cloopen Acquires CRM Software Provider EliteCRM For Undisclosed Sum

BEIJING, March 10, 2021 /PRNewswire/ -- Cloopen Group Holding Limited ("Cloopen" or the "Company") (NYSE: RAAS), a leading multi-capability cloud-based communications solution provider in China, today announced that it has entered into a definitive agreement to acquire all the equity interests of EliteCRM, a leading customer relationship management software provider. In connection with the acquisition, the Company agreed to offer equity awards in the form of restricted shares in the aggregate of less than 1% of its outstanding share capital on a fully-diluted basis to certain management members of EliteCRM.

Cloopen to Acquire EliteCRM, a Leading CRM Software Provider

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The IPO frenzy continued this past week as 17 IPOs and 26 SPACs entered the public market. Headlining the week were dating app Bumble, which completed the year's largest deal so far, and Chinese cloud services provider Cloopen Group, which bagged the biggest pop of 2021 to date.

U.S. IPO Weekly Recap: IPO Frenzy Brings The Year's Largest Deal And Biggest Pop In A 17 IPO Week

Chinese cloud-based communications solution provider  Cloopen Group Holding Limited (NYSE: RAAS) priced 20 million shares at $16 per share in its upsized initial public offering (IPO) to rake $320 million in offering proceeds.  Cloopen provides cloud-based communications solutions in China.

Cloud Solution Provider Cloopen Group Raises $320M In Upsized IPO

BEIJING, Feb. 9, 2021 /PRNewswire/ -- Cloopen Group Holding Limited ("Cloopen" or the "Company") (NYSE: RAAS), a leading multi-capability cloud-based communications solution provider in China, today announced the pricing of its initial public offering of 20,000,000 American depositary...

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