genai / news / / South China Morning Post
China’s less developed software-as-a-service (SaaS) market stands to gain even as AI models continue to improve.
Chinese AI model companies lack sufficient industry expertise to replace established domestic SaaS firms.
KEY POINTS
- China's SaaS market is expected to collaborate with AI model companies rather than be disrupted by them.
- Despite global SaaS sell-offs, Chinese SaaS companies integrating AI are experiencing significant robust growth.
- Kingdee International projects 1 billion yuan in 2024 AI product revenue, up 180 percent year-over-year.
COMPANIES
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