9/28/2023 0 Comments Zoom video communications app![]() ![]() The professional version, which can invite up to 100 participants, is priced at RMB99 ($14) per month. ![]() Currently, the free version allows individual users to invite up to 25 participants for 45 minutes.In addition to Zoom, the app is competing with local rivals like Shenzhen-listed BizConf Telecom and XYlink, among others.Ĭhina’s Zoom users switch to local version after blockageĭetails: Launched by Tencent Cloud, Tencent Meeting is a communications software that combines video conferencing, online meetings, chat, and mobile collaboration by leveraging cloud computing, artificial intelligence, and online security technologies.Chinese users of the US video-conferencing tool were forced to switch to a local version after the blockage. Tencent Meeting was launched a few months after Zoom was blocked in the country.The size of China’s video conferencing market surged 36.2% year on year to RMB 3.1 billion ($439 million) in 2018, according to data from research institute CCW Research.The e-commerce company is also moving into business-facing services since the beginning of this year. Tencent is making the transition along with rival Alibaba.Why it matters: Expansion out of traditional consumer-facing gaming and social businesses to enterprise-facing services underlines the company’s efforts to seek a new growth narrative and build a new moat against rising upstarts. Tencent rolled out on Wednesday a Zoom-like video conferencing app dubbed Tencent Meeting amid its push to enterprise-facing services. ![]()
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