Recently, Google has given Shopify the green light for traffic, and the alliance between the two parties has made it even more difficult for Amazon. The e-commerce giant didn't expect the once-obscure "pawn" to grow into its biggest competitor with a SaaS service model that helps brands build websites, with a market value of $154.708 billion.
At this time, the domestic SaaS market is also treacherous, and the "dark horse" Doddle Dmall has emerged, igniting a domestic business SaaS revolution. On May 20, Onjay Information publicly stated that Doddle Dmall would become its strategic shareholder. Behind a capital operation, it is difficult to hide the desire to expand the business SaaS market.
The expansion of the "circle of friends" means that the exploration of business SaaS has once again made a breakthrough in ecological construction. The history of Shopify, with its standalone model, is one of innovation within the ecosystem. This new market has proven to have huge potential. According to its financial report, its GMV for 2020 is US$119.6 billion, an increase of 96% over 2019, in addition to a still rapid growth rate of 86% in total revenue for the whole year of 2020 compared to 2019.
Compared to the e-commerce industry, the domestic retail industry is no less potential for business SaaS, which means that this track is expected to run out of the next "Shopify".
However, there are many differences between the US and Chinese markets, and the e-commerce rebel playbook cannot be fully replicated in China, as the solution for online sales is still in the hands of the three major e-commerce companies, but there are still unlimited business opportunities in the vast offline retail market.
【Source text: by report】
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