Due to the high-frequency just-needed attributes, the remote conference subdivision track is of particular concern.
Tianyanzhan patent data shows that recently, Beijing Jingdong Century Trading Co., Ltd., the operating entity of JD.US, has released a conference called “Conference System Terminal, Audio Data Processing Method and Remote Conference System” Of patents. The filing date of the patent is September 17, 2018, and the publication date of the application is March 24, 2020.
In response, JD.com responded that JD.com ’s remote conference platform technology has been open for many years and has been used both internally and externally for many years. The cloud video conference service promoted by JD.com to external customers is an important business direction of JD.com ’s cloud business and will continue to be strengthened.
The move to home office during the epidemic has accelerated the development of the collaborative office market. Among them, the subdivision track of remote conferences has attracted special attention due to the high-frequency just-required attributes. The first is reflected in the accelerated layout of Internet companies.
During the epidemic, Huanju Group launched the remote audio and video conference platform MoTouch, which supports 100 people in a single conference + simultaneous online participation, including PC, mobile phone multi-end participation, multi-platform one-key conference invitation and other office scene functions.
On the other hand, the existing audio and video conferencing products also witnessed a significant increase in monthly activity during the epidemic. MobTech data shows that in January 2019, the scale of monthly activities such as zoom, Xiaoyu Yilian, and Focus has increased significantly. Among them, Xiaoyu Yilian has the highest year-on-year growth rate of 119.7%.
Image source: Mob Research Institute
Based on skyrocketing demand, the stock prices of related concept stocks have also been pushed up. The A-share teleworking sector has seen a strong rise this year. Among them, Huichang Communication (300578.SZ) has accumulated more than 67% from the last trading day before the Spring Festival to today’s close. On the news, Huichang Communication announced that it will be nationwide in FebruaryProvide free cloud video conference accounts for various organizations such as governments, hospitals, schools, enterprises, etc. until the end of the epidemic.
Similarly, as of the close of April 7, the US stock Zoom (ZM.US) has gained more than 65% this year. As the epidemic spreads globally, the number of zoom users continues to rise. On February 26, a report released by Bernstein analysts showed that since this year, the MAU of zoom has increased by 2.22 million, while it will increase by 1.99 million throughout 2019.
From the perspective of the overall remote office market, it can be described as a gathering of giants, including Dingding under Alibaba, WeChat under Tencent, Feishu under ByteDance, and WeLink under Huawei. At present, the overlap of active users among the above products is low, which means that the overall market is still in the stage of incremental development, and there is still some room for market development.
Image source: Mob Research Institute
CITIC Securities Research ’s report released on February 5 believes that the current opportunities in China ’s collaborative office market will bring two types of investment opportunities: One is based on the “internal incubation-market iteration-free promotion within a limited time period” based on Internet technology giants. Station solution providers, such as Alibaba’s Dingding, Tencent’s WeChat, etc .; the second is the vertical subdivision giants that are gradually forming in high-frequency rigid demand fields such as documents and video conferencing, such as Jinshan Office and NetEase Youdao Wait.
(The picture from the official Weibo of Jingdong)