Ruanyun, which operates as Ruanyun Edai Technology and plans to rebrand as Formind Group, provides operational services and software to educational institutions. While historically focused on AI-driven K-12 tools, Ruanyun recently pivoted to Smart Campus Services, which now accounts for the majority of its revenue. This core business functions as a logistics and campus operations provider, managing food services, dormitory utilities, and merchant settlements for schools in China. The company also maintains legacy products, including SmartHomework for student data analytics and SmartExam, which provides infrastructure for China’s mandatory Academic Proficiency Test. Newer, early-stage initiatives include AI applications such as Cogni AI for document digitization and YeeZo for workflow orchestration. Internationally, Ruanyun is piloting HanLink, an AI-driven language learning platform, in Saudi Arabia and Malaysia. The business model combines an operationally intensive services model for campus management with a licensing model for software and testing tools. Ruanyun's strategy involves expanding its campus services footprint in China and aggressively growing its international presence, with a goal for international markets to represent more than half of revenue by late 2027. The company utilizes a large database of student performance data to support its AI-based assessment tools.