Independent research on private technology markets

Research reports and proprietary data for private tech secondaries.

XRings · 年轮 combines deep market coverage with proprietary deal-flow datasets, pricing history, and execution analysis — built for institutional investors and private-market professionals.

Research Reports

In-depth analysis of individual companies, sectors, and market dynamics, written for decision-makers.

Proprietary Datasets

Downloadable deal terms, pricing history, and fundamentals derived from real secondary-market flow.

Client-only Access

All research and data are gated behind approved client accounts. Apply for access to unlock the full library.