Businesses will always be on the lookout for means to reduce cost and raise efficiency, to the benefit of the enterprise services industry. While the US is home to the most mature companies, China has seen explosive growth in recent years.

In this 20-minute session, we will dive into the similarities and differences between Software as a Service (SaaS) companies from the east and west, the forces driving the growth of China's market, and outlook for investments and sub-verticals.

Plus, we will share a case study on China's Twilio, Cloopen Group (NYSE: RAAS). Its stock closed at USD 48 on the first day of trading—triple the initial offering price. Find out why.

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Morning Briefing is a fortnightly China market presentation by KrASIA. Learn more here.