The charm of digital technology lies in using technology to empower enterprises and help them grow. On the platform of Ali Cloud Innovation Center, a number of low-code startups have been incubated, and Yichuang Technology is one of them.
Mission and Vision
Our mission is to empower every enterprise with no code technology. The vision is to let the business focus on the business, freeing up programmers to do more meaningful things.
Appropriate innovation technology of the road of entrepreneurship
Yi Bo, founder and CEO of Yi Chuang Technology, has been full of curiosity and enthusiasm for science and technology since childhood, and he is particularly interested in computer programming. In 1997, when computers were far from ubiquitous, Yibo began to learn C programming as a junior high school student. At that time, The most admired person in The heart of Ebo is Bill Gates. “This man is a legend who changes the world and opens up a new era by selling software”. Yibo also hopes to make achievements in the new virtual world and realize the value of life. In his early years, He struggled in the computer industry and programming, but gradually realized that it was hard to change the world just by writing code. He began to look at himself. While studying for MBA of Economics and Management in Tsinghua University, he tried and explored many business fields such as sales and management, and gradually realized the transformation from a single programmer’s thinking to a three-dimensional business thinking.
— Richard Yibo, founder and CEO of Yichuang Technology
Application products to tens of millions of daily activities
Yichuang technology is committed to machine instead of human programming, visual programming language based on independent intellectual property rights to improve the development efficiency of 10 times, hpaPaaS to achieve enterprise digital customization on demand. Services provided without code are composed of hex, the underlying visual programming language, Hexyun, the deployment cloud platform, Wudaima, the software template marketplace, and SaaS mobile platform inside and outside the enterprise.
Codeless development addresses efficiency issues, while APaaS provides customization capabilities. Code APaaS is based on atomic level visual encapsulation of programming languages to achieve a WYSIWYG development approach where high quality code is automatically compiled by machines and deployed to the cloud, which is 10 times more efficient than traditional front-end or APP development.
However, “atomic” products still have a certain learning cost for the end customer, and the reuse ability is weak, therefore, Appropriate Technology has developed “molecular” products with lower requirements for coding and programming. This is a full process visual template development platform, with full process online development capabilities and paid template market. Once customers using this development platform have sorted out product requirements and UI/UE design according to the online standard process, the platform automatically completes more than 50% of the architecture construction and development work. This meeting-side-development mode reduces the efficiency wear and tear of information attenuation between requirements design and development testing in the traditional development process.
In addition to improving the efficiency of custom development, the value of codebase APaaS platforms is cost savings. In the company’s previous service cases, the work of 30 people in 3 months can be completed by 15 people in 1 month after using the codeless APaaS platform, effectively reducing the construction period and development cost.
In terms of customers, Ebo said that the purchasers of low-code platforms are not only SaaS vendors and terminal enterprise customers, but also internal business departments and developers of large enterprises. Codeless APaaS services include online development cloud platform and offline privatization APaaS customization. In 2018, the company provided a variety of services including privatization APaaS platform and software development service for its benchmark clients (including Alibaba Group, 5I5J Group, Tsinghua University, etc.), with the project amount ranging from tens of thousands to tens of millions of yuan. Some of the benchmark clients’ application products reached tens of millions of yuan daily. This further demonstrates the quality, stability and security of the company’s products in terms of code optimization and cloud deployment.
In the future, with the continuous improvement and progress of product technology, Yichuang Wucode will have more extensive application space in Internet portal, finance, O2O, e-commerce, mobile IM, office collaboration, mobile social networking, takeout recruitment and other mobile and industrial Internet fields.
Ali Cloud track star class, blessing of resources
Formal enrollment: In January of this year, Ebo passed the interview of the second phase of “Track Star Class” (student ID: 64). Through “track stars”, Ebo got to know the elite founders of each track and had deep links with alibaba Group’s various business lines and well-known investment institutions. Since joining the class this year, Yichuang has become a partner of Ali Cloud IoT, Dingding, Ali Cloud Entrepreneurship Center and other Ali departments. Currently, it is also cooperating with Ali Group technology charity to support the development of more public welfare projects.
Witness growth: From June to August 2019, Yitronix won TS from one investment institution, NDA from 12 institutions, met 9 partner-level investors and 25 investment managers, and gained 36kr in all aspects of media exposure. In terms of revenue, AIoT platform, which is now online, achieved revenue of 2 million yuan in the first month, making further breakthroughs in revenue.
Team support: “Joining the star class of the track allowed us to directly communicate with zhu Xiaohu, Huang Mingming and other front-line investors and establish personal contact, as well as the support of the powerful consultant team such as Li Liheng, the first president of Alibaba Tiejun, so the project avoided many detours.” Ebo said in a previous media interview.
Growth breakthrough: digital technology company enterprises grow, since the track star class start, has successfully held three period, a total of founder gathered 100 outstanding enterprises, covering AIoT, new retail, finance, enterprise services, mobile office, new technology, robotics, medical, new energy, wisdom, education and other fields, in-depth article 14 industry-specific circuit. So far, students have established links with more than 60 business lines such as Ali Dharma Institute, Ali Cloud Intelligence, AIoT, Dingding, Ant Financial, Ali Pingtou, Taobao and Tmall, generating more than 1,000 business cooperation, 130+ media reports and 1,500 + reading times. Nearly 200 investors have participated in the track star class project and 56 investments have been made. The valuation rose 263% to $71.8 billion.
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