Telstra Ventures has made a strategic investment in Beijing-based Cloopen, a provider of Chinese communications application programming interfaces (APIs).
The investment was driven by the strong growth in the APIs and over-the-top (OTT) application sector in China, said Matthew Koertge, Managing Director of Telstra Ventures.
"With the complex nature of the telecommunications infrastructure in China and different local policies and business practices in each province, Cloopen meets the need among application developers for simplified communications capabilities," said Koertge.
"As a platform as a service provider (PaaS), Cloopen can easily integrate a set of communications APIs into applications that provide services such as car-hailing or meal delivery, which are booming in China, to enable functions like application-to-people voice and messaging, two factor verification, and video conferencing. It can ease the complexity for application developers to work with multiple telecom operators to equip applications with these communications capabilities. Currently, more than 150,000 registered developers, including Tencent and Alibaba, are using Cloopen's platform to build their applications," he added.
As for Cloopen, the investment enables it to expand regionally and globally and into different industry sectors.
"We are also looking to leverage Telstra's network to grow our customer base in Australia and across Asia-Pacific. The cloud communication platform market is estimated to more than triple to US$4.5 billion by 2021, and there are no doubt plenty of opportunities for us to work with Telstra to drive software innovation to a broader client base," said Changxun Sun, CEO of Cloopen.
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