Crunchbase, a well-known technology media, recently released a chart of the number of rounds of financing above the global market, and the Chinese market began to decline sharply after 2018. The explanation that can be given is that with the demographic dividend gradually disappearing and the penetration rate of the mobile special database terminal market saturated, the entire Chinese Internet To C market has entered a growth bottleneck. However, on the other side of the Pacific Ocean, the activity of the capital market has continued unabated.
In the past two years alone, star companies such as DocuSign, Zoom, and Slack have been listed one after another, with market capitalizations of $10 billion to $20 billion, respectively. Perhaps borrowing from the wave of the US corporate service special database market, China's To B market has also begun to become a new investment highland. Especially the electronic signature track, driven by DocuSign, firstly, Fada was invested by Tencent, and then Shangshangqi was strategically merged with Crowdsign, occupying 44.3% of the market share, and then e-signature was included in the investment map by Ant Financial, okay?
lively. At the same time, a new topic was born: when the giants arrived on the ToB battlefield one after another and did not hesitate to support their own "agents" with capital and resources, will the market pattern continue the old routine special database of ToC? 01 The plans of the giants The giants have coveted the To B market for a long time. As early as 2017, Ma Huateng bluntly stated at the Tencent staff meeting that now Tencent needs more To B capabilities.