Caixin
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DingTalk
DingTalk
NEWS
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WeChat users can now join meetings on DingTalk without registering as blocks between platforms begin to disappear
Mar.6 2024 04:20 AM
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  • Investors who once believed China's market could produce SaaS giants like Salesforce and Adobe are withdrawing from the sector after years of unsuccessful investments and severe valuation declines. Chinese SaaS companies struggle with high sales costs, lack of standardization, and an inability to scale, often remaining at the level of outsourced or customized software services.
  • The Chinese SaaS industry is experiencing a freeze as long-term dollar investments disappear, with AI investment taking over the previous focus on SaaS. In 2023, there were only two significant funding rounds for Chinese SaaS unicorns, marking a new low in overall financing numbers and volumes since 2014.
  • Amidst this downturn, some see AI integration as a potential new direction for enterprise software services. Large models can reduce costs and delivery time significantly, offering standardized solutions that attract capital. However, challenges remain in establishing barriers to entry due to the diversity of open-source models and competition from big tech firms leveraging AI to restructure their software products.
Dec.23 2023 19:35 PM
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After the spinoff, the workplace collaboration platform will operate as a standalone unit within the e-commerce giant
Aug.15 2023 20:32 PM
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France cuts Chinese flights in a tit-for-tat move. Tesla hits bulk buyers with demand for damages if cars are resold within a year
Mar.25 2022 08:40 AM
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The internet giant’s workplace collaboration platform follows in footsteps of archrival as parent reports slowest growth on record
Mar.24 2022 20:11 PM
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The beleaguered tech giant has a host of advantages that make its ambition feasible, but Alibaba isn’t about to roll over
Jul.16 2021 22:45 PM
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Digital divide risks compatibility problems with U.S. and Japanese business partners
May.13 2020 18:13 PM
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Apps that allow people to work from home have enjoyed explosive growth — and increasingly cutthroat competition
Apr.9 2020 21:40 PM
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Shifting a company’s supply chain is not a trivial matter, and should be about long-term strategy more than responding to short-term shocks
Mar.5 2020 20:08 PM
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Internet giant blocks invitations to platforms of its tech rivals
Mar.5 2020 19:25 PM