I only took a brief look at Cloopen early last year when it was about to IPO and published some quick thoughts then:
"Cloopen is a cloud-based communications service provider, similar to Twilio in many ways. That comparison, along with SaaS’s overall trendiness, is partially why investors in China have showered it with investments. Although geopolitical concerns persist, going public in the US is still a highly desired outcome for Chinese tech companies, especially in the enterprise SaaS space. While Hong Kong awards rich enough valuations for consumer tech companies, thus Kuaishou is listing there, Wall Street is still the best place for cloud SaaS companies. Whether Cloopen’s IPO will do well is a separate story; its net dollar retention rate is 95%, which is not great."
I was not so interested in the company given its already <100% NDRR even at time of IPO, so admittedly have not tracked it closely since. Looks like things have only gotten worse...but there is a price for everything.
Any view of Cloopen Group's SaaS/PaaS offering?
I only took a brief look at Cloopen early last year when it was about to IPO and published some quick thoughts then:
"Cloopen is a cloud-based communications service provider, similar to Twilio in many ways. That comparison, along with SaaS’s overall trendiness, is partially why investors in China have showered it with investments. Although geopolitical concerns persist, going public in the US is still a highly desired outcome for Chinese tech companies, especially in the enterprise SaaS space. While Hong Kong awards rich enough valuations for consumer tech companies, thus Kuaishou is listing there, Wall Street is still the best place for cloud SaaS companies. Whether Cloopen’s IPO will do well is a separate story; its net dollar retention rate is 95%, which is not great."
Original link: https://interconnected.blog/january-24-2021-alipay-wechat-pay-breaking-up-aws-forks-elasticsearch
I was not so interested in the company given its already <100% NDRR even at time of IPO, so admittedly have not tracked it closely since. Looks like things have only gotten worse...but there is a price for everything.