Alibaba's DingTalk Collaboration App Invests in Office Automation SaaS Firm Landray
36Kr.com, 9/27/18
Shenzhen-based enterprise SaaS provider Landray Software recently announced that it has raised RMB 9-digit strategic funding from Chinese internet conglomerate Alibaba Group's (NYSE: BABA) team collaboration app DingTalk (Dingding).
DingTalk and Landray's partnership upgrade will naturally consider filling in large-scale enterprise service capabilities in DingTalk's ecosystem. As DingTalk has grown the past few years and innovated with industry partners, the product has continually augmented its service ability in every industry. DingTalk currently has solutions for entire industries, including new retail, healthcare, real estate, education, and food and beverage, suggesting DingTalk's ecosystem overall service ability is nearing completeness. Landray has more than ten years' experience in large enterprise smart office automation, which will complement DingTalk's need to provide services to large companies.
The strategic investment in Landray is a result of DingTalk's initiative for innovation in and exploration of the large enterprise market.
Editor's Note: Alibaba's investment in Landray comes after several years of ongoing cooperation between the two companies. For more background, please see AliCloud Partners with Enterprise SaaS Provider Landray, MD 8/31/15 issue.
Keywords: wireless M&A Internet funding Alibaba Group BABA collaboration app DingTalk Landray OA Software as a Service corporate user
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