So far, China hasn’t spawned any breakout enterprise software companies as successful as Salesforce.com and others of its kind. But venture capitalists and entrepreneurs in the country are more determined than ever to build one.
The weekslong lockdown prompted by the coronavirus forced millions of people in China to work remotely in February, a first for many employers in the country, where it is unusual to operate entirely online. That has turbocharged the quest for investors to find promising homegrown enterprise software startups, especially in the category of software as a service, which many investors see as the sector’s future. The list below includes five companies that could be among the winners.