IFBD - China's SaaS Landscape Offering Tailwinds for Infobird Co. Ltd. (NASDAQ: IFBD) to Expand Target Market through Standardized Modules Capturing Market Share
- The Chinese SaaS market has been experiencing a boom, but even then, no dominant player has emerged
- Infobird is expanding its target market by transitioning to providing more standardized SaaS services to various enterprises across China
- IFBD is ideally positioned to capture the lion’s share of the SaaS market in China thanks to both intrinsic and extrinsic factors
The Chinese SaaS market is currently experiencing a boom – described as one of the fastest-growing in the world – and is expected to double by 2022, with the 2019 market size as the measure (https://ibn.fm/oE9Qd).
This projection coincides with Howard Wang’s long-term outlook for the Chinese tech industry. Wang, the head of Greater China equities at JPMorgan Asset Management, recently told CNBC that although the near term is likely to be bumpy for...
NOTE TO INVESTORS: The latest news and updates relating to IFBD are available in the company’s newsroom at http://ibn.fm/IFBD
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