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Baijiayun Group Ltd (RTC, Financial), an AI video solution provider, recently signed an ecological cooperation agreement with Alibaba Group's (BABA, Financial) DingTalk, an enterprise collaboration tool. This partnership certifies Baijiayun as a DingTalk Industry Service Provider, further integrating it within Alibaba's enterprise ecosystem.
Baijiayun's services range from AI-content automation and video-related services for different industries to DingTalk's more comprehensive digital workplace. DingTalk is in the business of office collaboration solutions for more than 25 million corporate clients in China and is ranked in China's $47 billion enterprise collaboration market. Baijiayun has expanded its reach through different solutions, such as SaaS and PaaS video services, to address the need for digital transformation.?
This partnership highlights the company's ambition to support digitalization and to grow new solutions in the market. At the same time, the company strives to build a positive image of itself in the industrial environment as a system integrator, contributing to an open ecosystem and promoting DingTalk to a wider audience. Nevertheless, information about financial consequences or certain measures of implementation has not been revealed?.
However, integrating with Alibaba Cloud's AI models also means more innovation for DingTalk's enterprise-level AI video applications in a market where platforms such as Tencent Meeting and ByteDance's Feishu dominate.
This article first appeared on GuruFocus.