Is the golden era of SaaS in China truly over?
Between January and July, the SaaS industry concluded 50 financing deals, accumulating a total of 4.352 billion yuan ($597.65 million). This marks a sharp decline from the preceding year, where 120 deals amounted to 14.237 billion yuan during the same period in 2022.
Wu Haiyan China Doesnt Need Saas Customization Demand Driven Over Product Centric Environment Churn Rates Chinese Saas
Source: pingwest.com