Redefining the enterprise-grade PaaS platform with Kingdee Cloud Cosmic V4.0

Rhea-AI Summary

At the 2021 Kingdee Cloud Cosmic Summit on May 8, Kingdee launched its Kingdee Cloud Cosmic PaaS platform v4.0, splitting its original platform into PaaS and SaaS brands. With a focus on digital transformation, Kingdee aims to empower enterprises to become software companies. The company has invested nearly RMB5 billion in R&D, holds over 110 patents, and seeks to enhance Chinese enterprises' confidence in local software. Kingdee plans to invest RMB2 billion over five years to advance the SaaS industry.

Positive

• Kingdee launched Kingdee Cloud Cosmic PaaS platform v4.0, enhancing its product offerings.
• The company has invested nearly RMB5 billion in R&D and holds over 110 patents.
• The new platform is aimed at improving digital transformation for enterprises.
• Kingdee's strategic investment of RMB2 billion over five years in the SaaS industry indicates growth potential.

Negative

• None.

SHENZHEN, China, May 21, 2021 /PRNewswire/ -- On 8 May, at the 2021 Kingdee Cloud Cosmic Summit, Xu Shaochun, Chairman of the Board and CEO of Kingdee Group, together with a number of government officials, managements of central enterprises and state-owned enterprises and large-scale private enterprises, lifted the hammer and smashed the hand "constricting the neck" of the enterprises by outdated IT concepts and platforms, and released the Kingdee Cloud Cosmic PaaS platform v4.0. It was announced at the summit that the original Kingdee Cloud Cosmic was officially split into two platforms, namely PaaS and SaaS. The PaaS platform would inherit the Kingdee Cloud Cosmic brand, while the SaaS application would become a standalone brand called "Kingdee Cloud Constellation". Wang Jianwei, deputy director of Industry and Information Technology Department, Yang Xueshan, former deputy head of Industry and Information Technology Department, Song Zhiping, president of Listed Companies Association, Wang An, academician of Chinese Academy of Engineering, chairman and secretary of the Party Committee of China International Engineering Consulting Corporation, Ding Liguo, chairman of Delong Steel, Tao Jingwen, director of Huawei, Professor Chen Chunhua, a renowned management scientist and other persons participated in and attended the summit.

Platforms serve as key to success, and each enterprise is becoming a software company

Sudden changes in international affairs, industry and consumption lead to dramatic changes in management, and drive high-frequency iterations of corporate capabilities. The traditional IT models and platforms are no longer sufficient to support the innovation and development of enterprises under high uncertainty.

Kingdee believes that this is an era where platforms serve as the key to success. With the help of digital platforms, enterprises are being transformed into dual roles of users and customized developers, and each enterprise is becoming a software company. As a result, a high-performance enterprise-grade PaaS platform is in high demand. With the launch of the Cosmic PaaS platform, Kingdee became the software company behind the software companies.

A true enterprise-grade PaaS platform is necessarily business-oriented

Kingdee began to focus on platform capabilities as early as 2000. In order to efficiently complete tens of thousands of development extensions each year, Kingdee extracts high-frequency and general-purpose enterprise business scenarios, encapsulates them into reusable functional modules, under the development ideas of metadata-driven and model-driven, and finally formed the self-developed patent "Kingdee Dynamic Domain Model (KDDM)". It is known that Kingdee has invested nearly RMB5 billion in R&D on enterprise-grade platform and won over 110 patents, including four national patent awards and over 70 related software copyrights.

"Cloud-native, Low Code is standard for PaaS development platforms, enterprise-grade PaaS is unique in its model-driven and business accumulation, and the unique technology of Cosmic PaaS is dynamic domain model." Zhao Yanxi, executive vice president of Kingdee China, emphasized, "a true enterprise-grade PaaS platform is necessarily 'business-oriented', with IT as ancillary only."

Overcoming the "bottleneck" problem, Kingdee will rebuild the enterprises' confidence in Chinese softwares

"What really constricts the neck isn't technology, but our thinking model. What Kingdee wants to get back is not market share, but the confidence of Chinese enterprises in Chinese softwares." Xu Shaochun said.

Kingdee not only serves the world-class enterprises, but also helps Chinese enterprises to benchmark themselves against world-class enterprises. Since its launch in 2018, Kingdee Cloud Cosmic has been examined by over 400 large-scale enterprises, and efficiently and steadily expanded or replaced the existing system of the enterprises: a large multinational enterprise shortened the original two-month iteration cycle to 14 days; 12 sub-systems of Conch Profiles and Science under Conch Holdings were connected through visual drag-and-drop design and extensive enterprise-grade templates, realizing the smooth running of the whole process of production and sales; a number of Top 500 enterprises including Huawei, State Power Investment, China Tobacco Yunnan, PetroChina International and HAECO Xiamen achieved digital transformation through Kingdee Cloud Cosmic and Kingdee Cloud Constellation.

After this split of product and brand, the platform strategy of Kingdee Cloud has basically taken shape, presenting a "One Arrow with Multiple Stars" layout with the Kingdee Cloud Cosmic PaaS platform as common base, while Constellation, Galaxy and Stellar serving as SaaS platforms for large, medium, small and micro enterprises respectively.

Fully open up the Cosmic platform ecology to promote the development of SaaS industry

At the summit, Kingdee issued an open letter to domestic and foreign software manufacturers, calling on its peers to embrace the reform of enterprise software together. Xu Shaochun believed that the essence of success of the enterprise SaaS model is "customers succeed with win-win ecology". In the platform era, enterprises will no longer be constrained to a single manufacturer or platform, but will pay more attention to the value and capabilities created by digital systems for their businesses. Therefore, Kingdee is willing to open up its nearly 30 years' accumulation in technology and experience to provide enterprise-grade PaaS platform technical standards for the whole industry, and open up the core technologies and ideas of dynamic domain model within the year, enabling ecological developers to accumulate their own component models. In the next five years, Kingdee will provide an ecological strategic investment fund of RMB2 billion to build PaaS with enterprises, partners and friends, and to serve as the ecology to each other.

On the scene, Kingdee, together with China Academy of Information and Communications Technology, KylinSoft, EasyStack, Dameng Database, S.F. Express, Sangfor, KPMG, Intel and other government agencies signed strategic cooperation agreements with more than ten well-known domestic and foreign enterprise software and hardware manufacturers and consulting companies, aiming to grow together on the Kingdee Cloud Cosmic and win the large enterprise market together. At the same time, Kingdee announced its strategic investment in RPA manufacturer i-Search, which is to further improve the data platform and intelligence capabilities of the Cosmic platform following its strategic investment in Dtwave.

"The enterprises have woken up. How can the enterprises providing management software still pretend to sleep?" Host Jiang Changjian commented on the letter from Kingdee, "The reason why Kingdee smashes these shackles is to build up the industry's confidence in Chinese management software, and we have reason to believe that Chinese software is able to make the first-class contribution to the development of the world software industry."

"Kingdee is willing to open up its technologies and ideas over the past 30 years to all enterprises and developers. Kingdee Cloud Cosmic PaaS will significantly enhance the resilience of enterprise digitalization and enable Chinese enterprise management software to rise globally!" Xu Shaochun said.

For further information, please contact:

Kingdee Software (China) Co., Ltd.
Brand and Marketing Department
Xu Xuelin
Tel. 0755-86072725
Email: superxxl_xu@kingdee.com

About Kingdee International Software Group Company Limited

Kingdee International Software Group Company Limited ("Kingdee International" or "Kingdee") was established in 1993. It is listed on the Main Board of the Hong Kong Stock Exchange (stock code: 0268.HK) and headquartered in Shenzhen, the PRC. Adhering to the core values of "Acting in all Conscience, with Integrity and Righteousness", the Company is committed to helping businesses achieve their growth targets and let the sun shine on every company through dedicated services. It strives to provide them with the most trusted enterprise service platform.

Through persistent efforts to explore China's Cloud enterprise service market, according to IDC, Kingdee has retained the largest share in the enterprise application software sector for fast-growing enterprises for 16 consecutive years, and has grasped the biggest share in the enterprise-grade ERM SaaS (as known as Cloud ERP) and financial Cloud services industry for the forth consecutive year. Kingdee is currently the only SaaS cloud service provider of Chinese enterprises selected into Gartner's global market guide, and has become the only Chinese SaaS company winning the 2020 IDC SaaS Customer Satisfaction Award.

Kingdee's diverse Cloud services and products are the preferred choices of leading enterprises. They include "Kingdee Cloud Cosmic" (a new generation of enterprise-grade PaaS platform), "Kingdee Cloud Constellation" (SaaS solutions for large enterprises), "Kingdee Cloud Galaxy" (SaaS solutions for medium-sized enterprises), "Kingdee Cloud Stellar" (SaaS solutions for micro and small-sized enterprises). With its strengths in management software and Cloud services, Kingdee provides services and products to more than 6.8 million enterprises, government agencies and other organizations around the world.

For further information, please contact:

Wonderful Sky Financial Group Ltd.

Cecilia Ip / Jing Fang

Tel: (852) 3641 1317 / (852) 3970 2172

Email: kingdee@wsfg.hk

 

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SOURCE Kingdee

FAQ

What is the Kingdee Cloud Cosmic PaaS platform v4.0?

The Kingdee Cloud Cosmic PaaS platform v4.0 is a newly launched enterprise-grade platform designed to facilitate digital transformation for businesses.

When was the Kingdee Cloud Cosmic PaaS platform v4.0 launched?

The platform was launched on May 8, 2021, during the Kingdee Cloud Cosmic Summit.

How much has Kingdee invested in R&D for its platforms?

Kingdee has invested nearly RMB5 billion in research and development for its enterprise-grade platform.

What are the future plans for Kingdee regarding the SaaS industry?

Kingdee plans to invest RMB2 billion over the next five years to promote the development of the SaaS industry.

How does Kingdee aim to improve confidence in Chinese software?

Kingdee aims to rebuild confidence in Chinese software through its innovative platforms and by collaborating with various enterprises and manufacturers.