Beijing-based Laiye provides a platform for automating office tasks of all sorts of complexity. Following the present acquisition, it will assemble in a product and engineering force in Paris, on top of Mindsay’s 30-people team already located there, as top developer talent in China turns out to be just as expensive as in Western countries.
The company generates about 20% of its revenues outside of its home market. It aims to raise that ratio to 50% by 2025. Laiye’s acquisition of Paris-based chatbot service provider Mindsay materialises the major shift.
The company says it doesn’t have an actual timeline for its IPO but surely will hold discussions with the Hong Kong Stock Exchange over the course of the year.
Both ambitious startups in their field, having secured fundings and their exact brand match domain names for their online presence, Laiye.com and Mindsay.com, will now joint strengths and talents on simplifying work process through intelligent automation.