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Chinese adtech/martech company providing programmatic ad-buying (AlphaDesk) and enterprise data/CRM (AlphaData) platforms, now expanding into AI agents.
Chinese adtech/martech company providing programmatic ad-buying (AlphaDesk) and enterprise data/CRM (AlphaData) platforms, now expanding into AI agents.
In one line: A Chinese Trade Desk crossed with a marketing-cloud CRM platform.
Moat: narrow (data, process know-how). Proprietary ad-optimization and customer data algorithms built up over years of campaign data.
Headquarters: Beijing, China · Founded: 2009 · Employees: 312
Size Beijing DeepZero Technology (2723.HK) is a Hong Kong Information Technology company (Packaged Software) with a market value of $4.58B, the 268th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$523.00 on 6 Nov 2026.
Growth Revenue grew 30.9% over the last twelve months (peer median +12.5%); the operating margin is 1.4% (peer median 7.5%).
Valuation It trades at 45.1× enterprise value to sales against a peer median of 4.1× (2nd most expensive of 21).
Capital Return on invested capital runs 17.3 points below its cost of capital (20.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | HK$782M | HK$625M | HK$583M | HK$675M | HK$1.04B |
| Revenue growth | — | +7% | -14% | -35% | — |
| Gross profit | HK$190M | HK$160M | HK$159M | HK$210M | HK$213M |
| EBITDA | HK$17.1M | HK$12.0M | HK$21.1M | HK$64.9M | HK$90.4M |
| Net income | HK$15.1M | HK$9.86M | HK$23.8M | HK$67.0M | HK$75.6M |
| Free cash flow | -HK$147M | HK$47.3M | HK$48.1M | HK$57.6M | HK$51.6M |
| Capital expenditure | HK$471,281 | HK$399,105 | HK$1.03M | HK$36,465 | HK$125,402 |
| Total debt | n/a | HK$5.62M | HK$12.1M | HK$2.05M | HK$8.18M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Beijing DeepZero Technology 2723.HK | $4.58B | n/a | +31% | 1% | 45.1× | n/a |
| Trade Desk (The) TTD | $6.11B | -44% | +12% | 20% | 1.7× | -5.8% |
| BlueFocus Intelligent Communications 300058.SZ | $6.98B | -24% | +6% | 0% | 0.6× | 58.3% |
| Mobvista Incorporation 1860.HK | $2.05B | -43% | +26% | 4% | 0.8× | -1.1% |
| Salesforce CRM | $176B | +18% | +11% | 22% | 4.7× | 13.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2723.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.3% | +4.0% | 6th highest of 21 |
| Distance from 52-week high | -48.0% | -25.5% | 6th lowest of 21 |
| Revenue growth (TTM) | +30.9% | +12.5% | 5th highest of 21 |
| Operating margin | 1.4% | 7.5% | 9th lowest of 21 |
| EV / Sales | 45.1× | 4.1× | 2nd most expensive of 21 |
| ROIC minus cost of capital | -17.3 pp | -1.8 pp | 3rd lowest of 21 |
| Net debt / EBITDA | -35.3× | 0.0× | least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing DeepZero Technology 2723.HK | Hong Kong | $4.58B | n/a | +31% | 1% | 45.1× | n/a | n/a |
| Planet Labs PBC PL | United States | $4.57B | -68% | +44% | -26% | 11.1× | n/a | n/a |
| HeartFlow HTFL | United States | $4.56B | +15% | +40% | -34% | 20.9× | n/a | n/a |
| RXO RXO | United States | $4.55B | +27% | +10% | 0% | 0.8× | n/a | n/a |
| CCC Intelligent Solutions CCC | United States | $4.54B | +50% | +11% | 18% | 5.0× | 11.2% | +10.8% |
| Maase MAAS | United States | $4.51B | +7% | -84% | -16% | 168.9× | n/a | n/a |
| BILL BILL | United States | $4.50B | +25% | +13% | 1% | 2.6× | 36.5% | +47.3% |
| Kingsoft 3888.HK | Hong Kong | $4.46B | +4% | 0% | 14% | 1.2× | -5.8% | +10.8% |
| Yonyou Network Technology 600588.SS | China | $4.72B | -21% | +4% | -16% | 3.7× | n/a | n/a |
| OBIC Business Consultants 4733.T | Japan | $4.74B | +62% | +12% | 47% | 11.4× | 3.2% | +11.9% |
| Tenable TENB | United States | $4.40B | +93% | +10% | 5% | 4.5× | 30.1% | +17.8% |
| HUB24 HUB.AX | Australia | $4.39B | -4% | +23% | 29% | 12.7× | 35.6% | +35.7% |
| Shanghai Stonehill Technology 002195.SZ | China | $4.77B | -34% | +11% | -25% | 35.3× | n/a | n/a |
| Asseco Poland ACP.WA | Poland | $4.85B | +31% | +2% | 11% | 1.2× | 4.0% | +6.6% |
| Sega Sammy 6460.T | Japan | $4.28B | +46% | +24% | 10% | 1.4× | -2.3% | +11.9% |
| Sportradar SRAD | United States | $4.22B | +4% | +25% | 13% | 2.4× | 11.3% | +25.8% |
| China National Software & Service 600536.SS | China | $4.22B | -20% | -16% | 0% | 6.2× | 49.7% | -7.3% |
| OPENLANE OPLN | United States | $4.22B | -9% | +13% | 17% | 3.1× | 11.1% | -2.4% |
| Beijing HyperStrong Technology 688411.SS | China | $4.99B | -29% | +38% | 12% | 2.5× | n/a | n/a |
| Kingdee International Software 0268.HK | Hong Kong | $4.16B | +3% | +17% | 2% | 3.5× | 45.4% | +15.0% |
| Sezzle SEZL | United States | $5.05B | +146% | +43% | 40% | 9.5× | 28.8% | +50.3% |