with registered capital of RMB30.1 billion. It is a venture capital firm based in Beijing, PRC and principally engaged in investment management and consultation in non-securities business. It focuses on making investments in sectors such as network security, artificial intelligence, big data, cloud computing, and network information services. CIIF is managed by its general partner China Internet Investment Fund Management Co., Ltd. with registered capital of RMB100 million, which in turn is controlled by China Netcom (Beijing) Holding Co., Ltd., a company wholly owned by the National Cyberspace and Information Security Administration Center administered by the Office of the Central Cyberspace Affairs Commission of the PRC, a PRC government authority. CIIF has eight limited partners with the largest limited partner holding approximately 33.22% partnership interest. According to the publicly available information, the planned total fund size of CIIF is RMB100 billion The invested portfolio companies of CIIF include, among others, Kuaishou Technology (Stock Code: 1024), a company listed on the Hong Kong Stock Exchange, SenseTime Group Inc. (Stock Code: 0020), a company listed on the Hong Kong Stock Exchange, and Ximalaya Inc. (NYSE: XIMA), a public company listed on the New York Stock Exchange;
Mr. Ma Yiming and Ms. Chou Heidi, being the Camelot founders, holding 89,453,974 ordinary shares and 73,034,892 ordinary shares, representing approximately 2.35% and 1.92% of the issued share capital of the Company as of December 15, 2022;
the non-founder shareholders of Camelot, holding 50,648,715 ordinary shares, representing approximately 1.33% of the issued share capital of the Company as of December 15, 2022; and
the remaining public shareholders who each holds less than 2% of the issued share capital of the Company as of December 15, 2022.
Pursuant to the Camelot Merger Agreement, after a series of mergers involving among others, Benefit Overseas Limited and Dreams Power Ltd., Camelot has been merged with and into Iridescence Limited, a company incorporated under the BVI laws and wholly-owned by our Company.
The remaining equity interests in Camelot Technology Corporation Limited (“Camelot Technology”) were held by Shanghai Jiawo Yunfan Investment Center (Limited Partnership) as to approximately 7.05% and Tongxiang Jiawo Yunfeng Equity Investment Partnership (Limited Partnership) as to approximately 0.72%. All of these minority shareholders of Camelot Technology are Independent Third Parties (apart from being the substantial shareholder of Camelot Technology where applicable).
Zhuhai Kingsoft Cloud is held as to 79.60% and 20.40% by Beijing Digital Entertainment Technology Co., Ltd. and Ms. Qiu Weiqin as registered shareholders.
Kingsoft Cloud Information is held as to 80% and 20% by Ms. Qiu Weiqin and Mr. Zou Tao, our executive Director and acting CEO, respectively, as registered shareholders.
Each of the following project entities, namely Rizhao Kingsoft Cloud Network Technology Co., Ltd., Kingsoft Cloud Network Technology (Jiangsu) Co., Ltd., Kingsoft Cloud (Qingyang) Data Information Technology Co., Ltd., Kingsoft Cloud Intelligent City Technology (Guizhou) Co., Ltd. and Kingsoft Cloud Perception City Technology (Anhui) Co., Ltd. and its subsidiary, Changjiang Digital Technology (Anhui) Co., Ltd., is a subsidiary of Kingsoft Cloud Network.
Shanghai Jinxun Ruibo, being a licensed entity, is a wholly-owned subsidiary of Kingsoft Cloud Network.
Each of Chibi Kingsoft Cloud Network Technology Co., Ltd., being a project entity, and Shenzhen Yunfan, being a licensed entity is a subsidiary of Wuhan Kingsoft Cloud.
Impacts of COVID-19
On March 11, 2020, the World Health Organization declared the global COVID-19 outbreak a pandemic. Since then, there continues to be significant uncertainties associated with the COVID-19 pandemic, including with respect to the spread and mutation of the virus, the severity of the disease, the possibility of successive waves of outbreaks, actions taken by government authorities, and the scope and length of the resulting economic disruption, among others.
As a result of the balance of our businesses with exposure to different verticals and revenue models, impacts of the COVID-19 pandemic are mixed in direction. On the one hand, the pandemic has gradually propelled cloud adoption as (i) with restrictive measures imposed on transportation in response to the pandemic, people increasingly leverage the internet to fulfill daily activities from work, shopping, education to entertainment, which are increasingly supported by cloud infrastructure, (ii) the healthcare industry in China increasingly tap into cloud technology to meet the challenges of public health events; and (iii) enterprises and organizations experiencing business or operation fluctuations in the pandemic may consider cloud services to obtain better agility and cost control in the mid-to-long run. As a result, our public cloud services have experienced rapid revenue growth from 2019 to 2021, with a year-on-year growth rate of 49.4% from 2019 to 2020 and 19.2%, from 2020 to 2021. To embrace these opportunities and mitigate the pandemic’s adverse impact to our business, we have been continuously perfecting our scalable core technologies and products and investing into our solutions of selected verticals, especially in healthcare, financial services and public services, and we expect to bear fruit in the enormous digitalization market in the long run.