US-China tech war: software maker Kingdee sees opportunity in shift to domestic cloud services market

Source: South China Morning PostKingdee International Software Group, China’s biggest enterprise software company, is expanding in cloud services at the expense of short-term profits to capitalise on what its president calls a “once-in-a-lifetime” opportunity, as the US-China tech war pushes local firms to rethink their reliance on American technology.Cosmic, Kingdee’s cloud services business for large corporations, is expected to double its revenue in 2021, capturing part of a domestic boom fuelled by the country’s push for…Read More

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