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FangDD Submits IPO Prospectus and is Poised to Become the First Publicly-Listed Industry Internet SaaS Company in China

Vlad Poptamas

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Shenzhen Fangdd Network Group Ltd. (“FangDD”) has officially submitted its prospectus on Oct. 9th to the US Securities and Exchange Commission (SEC) and plans to launch initial public offering (IPO) trading under the ticker symbol “DUO” on NASDAQ. If the IPO is approved, FangDD would become the first publicly-listed industry internet SaaS company in China.

In the industry internet era, B2B enterprises that harness technology and data to remove barriers and streamline operational efficiency represent the future of business. Established in 2011, FangDD has focused on exploring vertical market segments with an initial emphasis on real estate agents. With a mission centered around simplifying business for real estate agents and empowering them to achieve their dreams, FangDD has combined its innovative, technology-driven approach to B2B with forward-looking insights and keen observations on industry developments, to become a pioneer of internet technology within the residential property service market in China.

Creating an online marketplace based in industry SaaS platform to enable Real Estate agents to achieve more business

Powered by mobile internet technology, cloud technology and big data, FangDD has developed customized SaaS solutions designed for Chinese real estate agents. Through aggregating key real estate resources, including property listings, customer data, and fund and transaction data, FangDD’s revolutionary intelligent system connects agents with the resources they need to succeed in business. An all-in-one real estate management platform, FangDD allows agents to easily manage their customers, housing inventory and historic transaction records online. FangDD also provides comprehensive business insight and intelligence tools to assist agents in analyzing data and optimizing the management process. In doing so, FangDD enables agents to easily conduct business online, improving their service efficiency and scope, and transforming their way of operation.

The success of FangDD’s industry SaaS solutions lies in its extensive property database. According to data from Frost & Sullivan, FangDD’s database is one of the largest of its kind in China, with over 131 million verified pieces of basic property data as of June 30, 2019.

Harnessing the depth and breadth of this database, FangDD has built an independent and open SaaS-powered marketplace that targets the primary high-frequency actors in the residential service chain – real estate agents – designing an end-to-end ecosystem within which agents can complete transactions. Frost & Sullivan’s insights reveal that, as of December 31, 2018, FangDD operated the biggest SaaS-powered online real estate transaction marketplace in China. With a penetration rate of over 45% at the end of 2018, FangDD’s platform was used by 911,000 of China’s 2 million real estate agents, and its user base continues to grow with 1,071,000 registered agents as of June 30, 2019.

Profitability and large-scale revenue through cost reduction, improved operational efficiency and closed-loop transactions

FangDD has transformed the way Chinese real estate agents operate by improving the operational efficiency and experience of real estate transactions. According to its prospectus data, FangDD’s closed-loop gross merchandise volume (GMV) was RMB73.9 billion in 2017. In 2018, this figure increased by 53.9% to RMB113.7 billion (US$16.6 billion) and, in the first half of 2019 alone, FangDD’s GMV reached RMB91.3 billion (US$13.3 billion) – doubling its GMV of RMB45.6 billion from the same period in 2018.

FangDD has not only seen rapid growth in scale – the company has also realized large-scale revenue and maintained profitability since 2017.

FangDD’s prospectus reveals that, after reaching slight profitability in 2017, the company’s profitability has rapidly grown from 2018 to present. In 2018, FangDD’s net profit was RMB104 million (US$15.2 million). In the first six months of 2019, the company saw strong growth with net profit reaching RMB100.3 million (US$14.6 million), an increase of 166.6% compared with RMB37.6 million during the same period in 2018.

In 2017, FangDD’s revenue was RMB1.8 billion. This figure grew to RMB2.3 billion (US$332.4 million) in 2018, resulting in a growth rate of 26.9%. In addition, in 2019 alone, FangDD’s revenue increased by 55.4% compared with the same period in previous year with RMB1.6 billion (US$233.7 million) in revenue as of June 30, 2019 – a marked increase from its RMB1.0 billion revenue during the same period in 2018.

Pioneer of the property technology industry with the industry’s leading labor efficiency ratio

FangDD is a leading internet technology company in China’s residential service field in terms of operational efficiency. As outlined in its prospectus, the closed-loop GMV created by each employee of FangDD was RMB34.6 million in 2017. The annual closed-loop GMV grew to RMB84.5 million (US$12.2 million) in 2018 and, as of June 30, 2019, has already reached RMB58.3 million (US$8.9 million) – almost doubling its previous GMV of RMB 34.6 million from the same period in 2018. Meanwhile, the revenue generated by each employee on average grew from RMB0.8 million in 2017 to RMB1.7 million (US$246 thousand) in 2018. As of June 30, 2019, this figure has reached RMB1.0 million (US$156 thousand), up from RMB784 thousand during the same period in 2018.

Moving forward, FangDD aims to maintain and strengthen its position as the largest online real estate marketplace in China by attracting and retaining more agents to the platform through its free and user-friendly SaaS infrastructure, expanding and deepening its property database and listings, continuing to attract property listings by empowering agents through SaaS services and diversifying and expanding value-added products and service offerings.

 

SOURCE FangDD

Artificial Intelligence

Healthcare Virtual Assistant Market To Reach USD 2.83 Billion By 2027 | Reports and Data

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New York, Aug. 10, 2020 (GLOBE NEWSWIRE) — According to the current analysis of Reports and Data, the Global Healthcare Virtual Assistant Market was valued at USD 397.2 million in 2019 and is expected to reach USD 2830.1 million by the year 2027, at a CAGR of 27.2%. Virtual assistant devices take care of patients’ needs as well as record the health condition of the patient, and therefore, are widely used in surgical interventions and assist doctors in the operating rooms. Voice technology is significantly used in various digital assistants. It exploits embedded analytics aa well as designed smart workflows that produce dynamic responses. A virtual assistant can have multiple uses, such as organizing huge data avoiding paperwork, provide online billing services, provide continuous patient monitoring, and various other applications.

The rising number of smartphone users across the globe is expected to be a major industry driver. Also, the growing use of mobile applications may contribute to the growth of the industry in the forecast period. The growing need to improve the healthcare expenditure and rising technological advancements in various regions may propel the market widely in the future. Furthermore, the increasing conditions of chronic diseases such as diabetes, cardiac diseases, and others may trigger the industry in the future.

Various technological tools such as voice technology and multi-language support may produce growth opportunities for new entrants in the market. The high cost of virtual assistants could be a major factor hampering the growth of the market.

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Covid-19 Impact Analysis

To work efficiently together with following the social distancing norms, sectors such as Healthcare information systems, telemedicine, and artificial intelligence solutions, such as Healthcare Virtual Assistant, are predicted to considerably contribute while responding to the COVID-19 pandemic and address constantly evolving challenges. Usage of artificial intelligence is a cost-saving measure that can significantly reduce the disease burden on healthcare professionals and hospitals, while simultaneously providing optimum solutions to the patient’s queries, and health guidelines especially to covid-19 patients. Thus, the Healthcare Virtual Assistant Market might grow potentially in the forecast period owing to its efficient characteristics of bridging the gap between the health systems, patients, and healthcare professionals.

Further key findings from the report suggest

  • Various innovative systems are being launched into the industry that may propel the market in the future. For instance, in November 2019, Orbita, a leading provider of healthcare artificial intelligence platform, announced the launch of its product called OrbitaASSIST. The product is an award-winning AI-driven virtual assistant, which is capable of directing the basic needs of the patient to the nurse of caretakers.
  • Virtual healthcare assistant deployment at a larger scale is a focus area for the existing market players. In May 2020, Infermedica, a Polish startup, collaborated with the global leader Microsoft thus enabling medical organizations to form and deploy virtual healthcare assistants at a larger scale with the Microsoft Healthcare Bot. The tool powered by Infermedica’s technology aids in reducing the access load on healthcare systems used by several leading health organizations, including Premera Blue Cross and Aurora Health Care.
  • Several inorganic growth strategies are prevalent in the industry, aimed to enhance the market position. In line with this, in January 2019, MEDITECH, a leading provider of Electronic Health Record (HER) Solutions, collaborated with Nuance Communication Inc., for the integration of Nuance’s Dragon Medical Virtual Assistant with MEDITECH’s EHR solution Expanse. The integrated Virtual Assistant-enabled workflows will allow physicians to work efficiently and focus more on the patient experience.
  • Product launches remains a key strategy to expand Healthcare Virtual Assistant capabilities and features. In 2018, Nuance launched a product Dragon Medical One, which is a cloud-based speech recognition platform that captures the patient’s entire condition at the point of care efficiently and quickly.
  • Startups and emerging companies are engaged in product innovations. For instance, in 2018, UCB, a biopharmaceutical company in collaboration with Verint Systems, introduced a UCB’s PD Coach App, which was patented and conversational virtual health.
  • Geographically, the North American segment occupied the largest share, followed by Europe. The North American market is primarily driven by technological advancements in the region and increased government funding. The Asia Pacific region is expected to be the fastest-growing segment owing to the rising healthcare setups in the region.
  • Key participants in the market include Amazon, eGain Corporation, Nuance Communications Inc., Infermedica, Sensly, Kognito Solutions LLC, Verint Systems Inc, HealthTap Inc., Microsoft, and Babylon Healthcare Services Ltd.                                                

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For the purpose of this report, Reports and Data has segmented the Healthcare Virtual Assistant Market on the basis of product, user interface, end-use, and region:

By Product Outlook (Revenue in Million USD; 2017–2027)

  • Smart Speakers
  • Chatbots

By User Interface Outlook (Revenue in Million USD; 2017–2027)

  • Automatic Speech Recognition
  • Text-based
  • Text-to-speech
  • Others

By End-Use Outlook (Revenue in Million USD; 2017–2027)

  • Healthcare Providers
  • Patients
  • Healthcare Payers
  • Others

To identify the key trends in the industry, click on the link below:   https://www.reportsanddata.com/report-detail/healthcare-virtual-assistance-market

Regional Outlook (Revenue in Million USD; 2017–2027)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of the Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Middle East & Africa
  • Latin America

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Breast Biopsy Device Market: https://www.reportsanddata.com/report-detail/breast-biopsy-device-market

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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iCAD to Participate in the Guggenheim MedTech Disruptors Summit

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NASHUA, N.H., Aug. 10, 2020 (GLOBE NEWSWIRE) — iCAD, Inc. (NASDAQ: ICAD), a global medical technology leader providing innovative cancer detection and therapy solutions, today announced that Michael Klein, Chairman and Chief Executive Officer, will present a corporate overview at the Guggenheim MedTech Disruptors Summit, taking place virtually on August 10-11, 2020.

Presentation Details

Date: August 11, 2020

Time: 3:00pm Eastern Time

About iCAD, Inc.

Headquartered in Nashua, NH, iCAD is a global medical technology leader providing innovative cancer detection and therapy solutions.

ProFound AI™ is a high-performing workflow solution for 2D and 3D mammography, or digital breast tomosynthesis (DBT), featuring the latest in deep-learning artificial intelligence. In 2018, ProFound AI for Digital Breast Tomosynthesis (DBT) became the first artificial intelligence (AI) software for DBT to be FDA-cleared; it was also CE marked and Health Canada licensed that same year. It offers clinically proven time-savings benefits to radiologists, including a reduction of reading time by 52.7 percent, thereby halving the amount of time it takes radiologists to read 3D mammography datasets. Additionally, ProFound AI for DBT improved radiologist sensitivity by 8 percent and reduced unnecessary patient recall rates by 7.2 percent.i

The Xoft System is FDA-cleared, CE marked and licensed in a growing number of countries for the treatment of cancer anywhere in the body. It uses a proprietary miniaturized x-ray source to deliver a precise, concentrated dose of radiation directly to the tumor site, while minimizing risk of damage to healthy tissue in nearby areas of the body.

For more information, visit www.icadmed.com and www.xoftinc.com

Contacts:
Media inquiries:
Jessica Burns, iCAD  
+1-201-423-4492
jburns@icadmed.com

Investor Relations:
Jeremy Feffer, LifeSci Advisors
+1-212-915-2568
jeremy@lifesciadvisors.com

i Conant, E. et al. (2019). Improving Accuracy and Efficiency with Concurrent Use of Artificial Intelligence for Digital Breast Tomosynthesis. Radiology: Artificial Intelligence. 1 (4). Accessed via https://pubs.rsna.org/doi/10.1148/ryai.2019180096

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CRM Market to Reach USD 113.46 Billion by 2027; Increasing Investments in Integration of Advanced Concepts to Aid Growth, says Fortune Business Insights™

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Pune, Aug. 10, 2020 (GLOBE NEWSWIRE) — The global customer relationship management market size is projected to reach USD 113.46 billion by the end of 2027. The integration of advanced concepts such as AI and IoT will emerge in favor of growth of the overall market in the coming years. According to a report published by Fortune Business Insights, titled “Customer Relationship Management (CRM) Market Size, Share & COVID-19 Impact Analysis, By Component (Software, Services), By Deployment (On-Premises, Cloud), By Enterprise Size (Large Enterprises, SMEs), By Application (Marketing and Sales Automation, Customer Management, Lead Generation and Customer Retention, Customer Support and Contact Centre, Others), By Vertical (Banking, Financial Services and Insurance (BFSI), Manufacturing, IT and Telecommunications, Retail and Consumer Goods, Healthcare, Transportation and Logistics, Others) and Regional Forecast, 2020 – 2027,” the market was worth USD 47.79 billion in 2019 and will exhibit a CAGR of 11.6% during the forecast period, 2020-2027.

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Customer relationship management is a platform that helps organizations and businesses manage their relationships with the customers as well as other businesses.  The increasing adoption of software as a service across numerous industry verticals will create several growth opportunities for the companies operating in the CRM market. The availability of open source as well as low cost cloud platforms will lead to a wider product adoption across the world. The presence of several large scale vendors will contribute to the growth of the market in the coming years. The increasing investments in development of advanced CRM and the efforts put in to integrate latest concepts such as artificial intelligence and IoT will emerge in favor of market growth. The ability of a customer relationship management to simplify business management and operations will bode well for the growth of the market in the coming years.

Adoption of CRM Solutions has Risen During the Covid-19 Pandemic

The recent coronavirus outbreak has created a huge panic among people as well as businesses across the world. Accounting to the rapid spread of the disease, governments have enforced strict lockdowns and advised social distancing practices. As a result, several businesses have been forced to shut down. Several businesses have implemented work from home policies. It is observed that CRM software have helped these organizations function seamlessly. Thus, the CRM market will benefit from the ongoing Covid-19 pandemic.

To get to know more about the short-term and long-term impact of COVID-19 on this market,

please visit: https://www.fortunebusinessinsights.com/customer-relationship-management-crm-market-103418

Increasing Number of Company Collaborations will Emerge in Favor of Market Growth

The recent encompasses several factors that have contributed to the growth of the overall market in the coming years. Among all factors, the increasing number of company mergers and acquisitions has had the highest impact on market growth. Accounting to the massive potential held by CRM in the IT sector, corporate businesses are looking to collaborate with CRM vendors across the world. In November 2017, Adobe Inc. announced that it has collaborated with Microsoft Corporation. The companies stated that this collaboration was aimed at the development of an integrated customer relationship management and content management solution. The companies will look to combine the resources of both the organizations, with a bid to enhancing the operational performance of the CRM solution. Adobe Marketing will be used in tandem with Microsoft Dynamics 365; a step that will help the companies acquire a wider consumer base in the long run. This collaboration will not just benefit the companies but will also aid the growth of the overall CRM market in the coming years.

Speak to Analyst- https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/customer-relationship-management-crm-market-103418

North America to Witness Considerable Growth; Increasing Product Adoption by Major Companies in this Region will Bode Well for Market Growth

The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The increasing use of these solutions by large scale companies, especially in the United States will emerge in favor of growth of the regional market. As of 2019, the market in North America was worth 15.84 billion and this value is projected to increase at a considerable pace in the coming years. The market in Europe will derive growth from the presence of several large scale CRM vendors in countries such as Germany, UK, and France.


List of the Leading Companies Operating in the Customer Relationship Management (CRM) Market are:

  • Copper CRM, Inc. (San Francisco, California)
  • Creatio (Boston, Massachusetts)
  • Freshworks, Inc. (California, United States)
  • HubSpot, Inc. (Massachusetts, United States)
  • Infor, Inc. (New York, United States)
  • Infusion Software, Inc. (Keap) (Arizona, United States)
  • Insightly, Inc. (California, United States)
  • Microsoft Corporation (Washington, United States)
  • Oracle Corporation (California, United States)
  • Pipedrive (New York, United States)
  • Salesforce.com, Inc. (California, United States)
  • SAP SE (Walldorf, Germany)
  • SugarCRM (California, United States)
  • Teamgate.com (London, United Kingdom)
  • Zoho Corporation Pvt. Ltd. (Tamil Nadu, India)

Industry Developments:

July 2019 – Pipedrive, announced that it will be adding AI capabilities to its existing CRM software. Through the integration of AI, Pipedrive will look to enhance its CRM solutions and subsequently acquire a wider consumer base.

Quick Buy:
CRM Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/103418

Detailed Table of Content

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Executive Summary
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Force Analysis
    • Global Customer Relationship Management (CRM) Market Share Analysis and Matrix, 2019
  • Key Market Insights and Analysis, By Segments
  • Global Customer Relationship Management (CRM) Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
    • By Component (Value)
      • Software
      • Services
    • By Deployment (Value)
      • On-Premises
      • Cloud
    • By Enterprise Size (Value)
      • Large Enterprises
      • SMEs
    • By Application (Value)
      • Marketing and Sales Automation
      • Customer Management
      • Lead Generation and Customer Retention
      • Customer Support and Contact Centre
      • Others (Social Media Management, CRM Analytics, etc.)
    • By Vertical (Value)
      • Banking, Financial Services and Insurance (BFSI)
      • Manufacturing
      • IT and Telecommunications
      • Retail and Consumer Goods
      • Healthcare
      • Transportation and Logistics
      • Others (Government, Media and Entertainment, Education, Etc.)
    • By Region (Value)
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • Latin America

TOC Continued…!!!

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Have a Look at Related Research Insights:

Task Management Software Market Size, Share & Industry Analysis, By Component (Software, Services), By Organization Size (SMEs and Large Enterprises), By Deployment Type (Cloud and On-Premises), By End-User (Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Retail, Healthcare, Manufacturing, Travel and Hospitality, Media and Entertainment, and Others) and Regional Forecast, 2019-2026

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Customer Experience Management Market Size, Share & Industry Analysis, By Component (Solution, Services), By Deployment (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By Touchpoint (Telephone, Email, Web, Social Media, and Others), By End-User (BFSI, Retail, IT and Telecommunications, Healthcare, Manufacturing, Government, Travel and Transportation and Others) and Regional Forecast, 2019-2026

Loyalty Management Market Size, Share and COVID-19 Impact Analysis, By Type (Customer Retention, Customer Loyalty, and Channel Loyalty), By Deployment (On-Premise and Cloud), By Enterprise Size (Large Enterprises, Small & Medium Enterprises), By Industry (Banking, Finance, Security and Insurance (BFSI), IT and Telecommunications, Transportation, Retail, Hospitality, Manufacturing, Media & Entertainment,) and Regional Forecast, 2020-2027


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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

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