According to market research firm IDC, from a global perspective, this so-called “communication platform as a service” market is expected to grow from US$3 billion in 2018 to more than US$17 billion in 2023.
Jiegoo Technology received a US$50 million financing led by Tencent
According to reports, Tencent is leading communications software developers will construct Technology 5000 million US dollars, this round of financing also attracted the participation of Qiming Venture Capital and IDG Capital.
Jiwu Technology is participating in an emerging enterprise software market. Its competitor, Shengwang.com, raised US$350 million by listing in the US in June this year. It provides real-time voice and video technology, and provides technical support for streaming video, online classrooms and remote work.
According to the market research company IDC forecast, from a global perspective, this so-called “communication platform as a service” market is expected to grow from US$3 billion in 2018 to more than US$17 billion in 2023.
Lin Youyao, co-founder and CEO of Jigoo Technology, worked for Tencent for 13 years and led the QQ business.In 5 years, he co-founded Instant Technology with several former colleagues. He said that the company’s revenue is expected to double this year, and it has already achieved profitability in 2016.
Lin Youyao said that the company has a team of about 400 people, 80% of whom are engaged in technology. Instant Technology includes Weibo and Good Future provide technical solutions, and also provide a video conference platform TalkLine similar to Zoom.
Editor-in-chief’s comment: Affected by the epidemic, most of people’s work cannot be done offline. With the advent of online education and video conferencing, a large amount of capital flows into leading companies, accelerating the maturation of the market. Real-time communication software developers such as Instant Technology have also ushered in new development opportunities and have become contributors to industries such as online education and video conferencing. This is also an important reason why they are favored by capital. At the same time, Instant Technology, which has a video conferencing platform, also plays the role of a gold nugget. With its technical advantages, it will have the upper hand in the field of video conferencing.
↓↓Scan the QR code below to unlock the full content↓↓
Scan the QR code to unlock the complete content