Tencent, Huawei launch new enterprise products in same week as Chinese tech firms battle for corporate clients
- Tencent launched a video conference product on Wednesday, a day before Huawei opened up its internal teamwork platform to government and enterprise clients
- China’s tech giants have been shifting their focus from consumers and eyeing new growth in corporate services
Two of China’s largest tech companies introduced new products designed to support workplace collaboration in back-to-back announcements last week, as the country’s traditionally consumer-focused tech giants battle for more business from corporate clients.
Chinese internet giant Tencent Holdings launched a video conference service, Tencent Meeting, on Wednesday, while Huawei opened up its previously internal collaboration platform, WeLink, to government and enterprise clients a day later.
The on-demand enterprise software industry in China is growing fast: its value increased 47.9 per cent year-on-year to 24.4 billion yuan (US$3.5 billion) in 2018 and is expected to hit 65.4 billion yuan by 2021, according to a report by China IPO data provider iResearch.
Shenzhen-based Tencent’s new Zoom-like cloud-based video conference service joins WeChat Enterprise, a variant of WeChat designed for business communication that Tencent introduced in 2016, as part of the company’s move to capitalise on the lucrative market.
Announcing the new service at a company conference, Tencent Cloud vice-president Wu Zurong predicted that growth of China’s video conferencing industry will mirror that of the US with cloud-based services becoming more prominent and potentially stripping hardware-makers of their relevance, according to a report by Caixin Global.