Beijing DeepZero Technology Co., Ltd. (Ticker: 2723 HK) is a Chinese company providing intelligent marketing services to enterprises through AI-based advertising and data management products. The company’s flagship platforms include AlphaDesk for real-time advertising campaign execution and optimization, and AlphaData for customer data management and CRM analytics. It also launched Deep Agent in 2025, an enterprise AI agent product suite for marketing and sales use cases.

Beijing DeepZero plans to list H shares on the Hong Kong Stock Exchange Main Board on May 27, 2026. According to the published IPO terms, the company is offering 9.068 million shares at an indicative price range of HKD 43.50-55.50 per share, raising approximately HKD 503 million, or about $64 million. The implied market capitalization at the offer range is approximately HKD 3.9-5.0 billion, or around $504-643 million.

The IPO consists entirely of primary shares. Proceeds are expected to be used for R&D and product capacity, brand promotion and business development, working capital, and strategic acquisitions.