Tencent debuts Tencent Meeting, a Zoom-like cloud-based video conferencing service, as it continues its push into enterprise services — Tencent rolled out on Wednesday a Zoom-like video conferencing app dubbed Tencent Meeting amid its push to enterprise-facing services.
On Wednesday, Tencent announced that it has rolled out a Zoom-like video conferencing app that will be called Tencent Meeting, as part of its push into enterprise services.
I believe that the company’s efforts to obtain a new growth narrative and a new moat against rising upstarts will be reflected in its expansion from the traditional consumer-facing gaming and social businesses to enterprise-facing services.
In addition to Tencent, Alibaba is also making the transition. In addition to its e-commerce operations, the company is also expanding into business-to-business services since the start of the year.
Accord to data from the CCW Research institute, the market size of China’s video conferencing market surged 36.2% year-on-year in 2018 to reach RMB 3.1 billion ($439 million), representing a 36.2% increase over 2017.
As a result of Zoom’s blocking in the country a few months ago, Tencent Meeting was launched. In the aftermath of the blockade on the US video-conferencing tool, Chinese users were forced to switch to a local version in order to continue using it.
Besides Zoom, there are also local competitors for the app like BizConf Telecom, which is listed on the Shenzhen Stock Exchange, and XYlink, among others.
This new service from Tencent Cloud allows users to combine video conferencing, online meetings, chats, and mobile collaboration using technology such as cloud computing, artificial intelligence, and online security systems, to collaborate with other users via video conferencing, online meetings, and chats.
There is a free version of the application that allows users to invite 25 participants for a period of 45 minutes.
For a monthly fee of RMB99 ($14), the professional version of the service can invite up to 100 participants. A meeting with more than 300 participants is supported by the enterprise version of the software.
You can log in to Tencent apps using your mobile number or if you have a WeChat account, which is something you often see on a new Tencent application.
In addition to creating conferences, WeChat, WeChat Work, and QQ can also be used to share them. WeChat mini program, and WeChat Work are two options participants can use if they do not have the app installed.
As a result of its high picture quality, the company claims to maintain an ultra-low latency of 80 ms while maintaining ultra-low latency. In addition to video filters and background blurring, the app also includes a number of other localized features that make it unique.
An organizational overhaul was launched last September by the Chinese technology firm to drive the enterprise-facing transition faced by the company.
It is expected that the Chinese internet giant, which is one of the world’s largest, will invest billions of dollars in the coming years to spur its push into cloud computing.