The software-as-a-Service (SaaS) solutions market is enormous and rising in China.
Chinese e-commerce giant Alibaba announced the establishment of a new subsidiary on June 29 named Lingyang (Chinese: 瓴羊).
“The establishment is an important step for us,” said Daniel Zhang, Chairman and CEO of Alibaba, adding that the digital construction is the consensus for all walks of life.
At present, Lingyang has five product categories, covering from analysis, marketing, production and marketing, customer services, to development. Dataphin, Bizphin, QuickAudience, and QuickBI are some of its core products.
Cheng Li, Chief Technology Officer of Alibaba, denoted that Lingyang was upgraded by the integration of several core departments of Alibaba, with strong digital intelligence technology-related teams.
In the future, it will devote to helping enterprises achieve efficient decision-making and promote growth through data intelligence.
Previously, Lingyang has supported many digital intelligence projects such as Alibaba Double 11 Data Display and 88VIP, and has served the digital construction of many enterprises such as LVMH, China Red Star (601828:SH), XPeng Motors (XPEV:NYSE, 9868:HK) and Haidilao (6862:HK).
Its rivals include Salesforce (CRM:NYSE), Slack, Kindee and Workday.