• Infobird is launching the Next Generation of SaaS in China to grab a massive share of the massive and growing cloud infrastructure market
• The company is leveraging the huge growth opportunity represented by the boom of cloud infrastructure triggered by the shift towards cloud computing by businesses
• Inforbird is one of the few SaaS companies that can serve SMEs with its no-code development platform

Infobird (NASDAQ: IFBD) is a business-to-business (“B2B”) artificial intelligence (“AI”) solutions company, focused on developing AI-driven customer engagement solutions, especially for the finance segment. A premier provider of customer engagement software-as-a-service (“SaaS”) solutions in China, the company is leveraging automated and smart capabilities to maximize value for its clients. Infobird has a long-standing reputation for offering advanced cloud computing solutions to increase revenue, reduce costs, and enhance service quality and customer satisfaction. 

At present, Infobird is launching the next generation of SaaS in China to ride on the high growth wave in the cloud infrastructure sector. This mammoth growth can be predicted by China’s accelerating cloud migration attributed to the long-term digitalization trends of the country’s economy plus a surge in use of cloud and SaaS solutions by business enterprises. The emergence of the pandemic which led to remote work opportunities has also accelerated the increased acceptance of cloud business services (https://ibn.fm/UsDQW). 

Over 90% of companies in China are still small- to medium-sized enterprises (“SMEs”), which contribute roughly 60% to China’s GDP. SMEs have a lower revenue contribution although their customization needs are not very complex as compared to bigger enterprises. SaaS companies that can solve these complex issues and offer viable solutions will emerge victorious in grabbing a significant share of the market revenue. While SME‘s do not have the budget for significant hardware and software updates, they can switch to SaaS subscription for improved services and reduced costs. Inforbird is one of the few SaaS companies well-equipped to serve the SME’s by leveraging its no-code development platform.

Moreover, China’s SaaS market is fragmented and the top 10 vendors make up only 35% of the total market share. This leaves an enormous potential in the SaaS market to be explored by an efficient newcomer. With its many years of operational experience in the country, Infobird has served many leading enterprises in various industries, such as China Guangfa Bank and multinational eCommerce giant Alibaba Group Holding Limited (NYSE: BABA).

For more information, visit the company’s website at www.Infobird.com/en/index.html.

NOTE TO INVESTORS: The latest news and updates relating to IFBD are available in the company’s newsroom at https://ibn.fm/IFBD 

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