Top SaaS Companies in China

List of the largest SaaS companies in China (Click to apply)

These are the top SaaS companies in China. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for China by featuring these 21 companies with combined revenues of $277.6M.

Together, China SaaS companies employ over 7K employees, have raised $300.0K capital, and serve over 230K customers around the world.

$0 - $1M ARR
  1. oTMS $1.0M
  2. Zaihui $1.0M
  3. CassTime $1.0M
  4. IngageApp $1.0M
$1M - $5M ARR
    $5M - $10M ARR
    1. EventBank $10.0M
    2. QingCloud $10.0M
    $10M+ ARR
    1. WPS Office $200.0M
    2. Chinac.com $50.0M
    3. EventBank $10.0M
    4. QingCloud $10.0M
    1. 01
      WPS Office

      WPS Office

      Office Software

      Kingsoft Office Software is a market leader in mobile and desktop office solutions. The company’s WPS Office for Android is the most popular, free mobile office solution on Google Play, featuring robust capabilities for viewing, editing and sharing off...

      $200.0M

      $50.0M

      118

      1988

      China

    2. 02
      Chinac.com

      Chinac.com

      Development Software

      Chinac.com (华云数据) is a Chinese domestic cloud computing infrastructure operator. It is focused on the research, development, and operation of commercial cloud computing infrastructure, targeting the domestic and global clients to provide cloud comp

      $50.0M

      $378.6M

      1K

      2010

      China

    3. 03
      EventBank

      EventBank

      Streamline operations with award-winning EventBank management solutions that combine the best event management, membership management, email marketing, contacts, payments processing, and mobile apps for organizations and their communities.

      $10.0M

      91

      2013

      China

    4. 04
      QingCloud

      QingCloud

      QingCloud is a cloud computing platform that provides IaaS-based flexible cloud services, and supporting private network, calculation based on second, open API, comprehensive monitoring, and multiple real time copy security policy. QingCloud is a newly est

      $10.0M

      $280.8M

      100

      2012

      China

    5. 05
      Yunzhangfang

      Yunzhangfang

      Yunzhangfang provides finance and tax management software intended to offer integrated and automatic finance and taxation management tools. Its finance and tax management software helps micro-enterprises and small accounting agencies to automate the proces

      $1.0M

      $144.3M

      49

      2015

      China

    6. 06
      Zaihui

      Zaihui

      Zaihui is a SaaS-based data-driven marketing automation solution for local businesses that offers them with member management, precipitation members, incentive members, and mining member values. Product system offers intelligent precision marketing, integr

      $1.0M

      $76.0M

      500

      2015

      China

    7. 07
      CassTime

      CassTime

      E-Commerce Software

      Casstime is an industrial internet company in China dedicated to serving the automotive aftermarket. Its business includes a trading platform for full coverage of spare parts, a SaaS management system for workshops, supplies chain finance, and logistic ser

      $1.0M

      $225.3M

      1K

      2015

      China

    8. 08
      IngageApp

      IngageApp

      Xiaoshouyi develops software solutions for customer relationship, sales force, and workforce management. IngageApp provides a next-generation CRM solution by leveraging mobile social platform and big data technologies. With its SaaS and PaaS framework, the

      $1.0M

      $191.5M

      2K

      2011

      China

    9. 09
      oTMS

      oTMS

      oTMS is the leading one-stop transportation platform. oTMS aims to build the first successful business community based transport management & e-sourcing platform in China. With cloud computing and mobile internet technology, oTMS provides SaaS (software as

      $1.0M

      $25.0M

      250

      2011

      China

    10. 10
      Yeelink

      Yeelink

      Co-Founder of http://t.co/JsE8YH6rvK

      $1.0M

      11

      2012

      China

    1-10 of 21

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    What are the fastest growing companies doing?

    83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

    Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

    If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

    Which CEO’s are the most efficient capital allocators?

    We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

    Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

    Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

    The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.

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