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Benzinga
Benzinga
Business
The Bamboo Works

IT provider Edianyun Seeks IPO Cash, with Finances Under a Cloud

Key Takeaways:

  • The pre-listing finances at Edianyun have taken a sharp turn for the worse, as the company’s net loss in the first half of this year alone is almost equal to the total combined losses of the previous three years
  • The company relies on the leasing of computer and office equipment and is under strong capital pressure from its asset-heavy business model.
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