Cloopen Group Holding Ltd
Cloopen provides cloud-based communications solutions to enterprises of all sizes in China, across industries including internet, telecommunications, financial services, industrial manufacturing and energy. Its offerings include communications platform as a service (CPaaS), cloud-based contact centers and cloud-based unified communications and collaboration. CPaaS products provide voice, messaging and IoT services through tools that integrate with customers’ systems. Contact center brands include RongCC, which serves large enterprises, and 7moor Cloud, which targets small- to medium-sized enterprises. RongVideo provides video conferencing and collaboration, and Cloopen also offers software development and technical support services. Cloopen earns money through usage-based charges for CPaaS, subscriptions and usage fees for recurring contact center services, and project payments tied to milestones for certain contact center and RongVideo solutions. It also provides services to mobile network operators under arrangements that may include revenue sharing. Cloopen is headquartered in Beijing, China.
No SEC Form 4 filings for $RAASY in the last 30 days.
See all $RAASY insider activity →Cloopen Group (OTC:RAASY) completed its merger with SummerX Holdings, becoming private. Shareholders received $2.9641 per ADS. The company will delist from OTC and deregister its securities, suspending reporting obligations. The merger was approved by shareholders and notified to FINRA.
Over the past 7 days, AlphAI's AI scored 1 news story mentioning RAASY (Cloopen Group Holding Ltd). Coverage has skewed bearish: 0 bullish, 0 neutral, and 1 bearish.
The delisting removes the stock from public trading, likely driving the price to zero as shareholders receive cash.
AlphAI scores every news story that mentions RAASY with an AI model for sentiment and relevance, and aggregates insider trades from Cloopen Group Holding Ltd's SEC EDGAR Form 4 filings. Figures refresh continuously.
Cloopen Group (OTC:RAASY) completed its merger with SummerX Holdings, becoming private. Shareholders received $2.9641 per ADS. The company will delist from OTC and deregister its securities, suspending reporting obligations. The merger was approved by shareholders and notified to FINRA.
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