Kingsoft Office(SH:688111) Di Yi Cai Jing·2025-10-21 23:37Core Viewpoint - Kingsoft Office has officially launched its multidimensional spreadsheet product, entering a competitive market dominated by major players like Feishu, DingTalk, and WeChat Work, with the aim to address the evolving needs of B-end clients in the workplace [2][4]. Group 1: Product Launch and Market Context - Kingsoft Office's WPS spreadsheet series has surpassed 100 million daily active devices in China [2]. - The launch of the multidimensional spreadsheet was prompted by the realization that traditional document and instant messaging systems no longer meet all user needs in office scenarios [2]. - The evolution of spreadsheet products has seen significant milestones, from traditional single-user applications to collaborative cloud-based solutions like Google Sheets and Airtable [2]. Group 2: Competitive Landscape - In recent months, major competitors have also introduced advanced spreadsheet functionalities, with DingTalk launching AI spreadsheets for free and Feishu claiming a 12-month lead over DingTalk in multidimensional spreadsheet capabilities [4]. - WeChat Work has introduced smart spreadsheet features that uniquely connect to WeChat, allowing enterprise clients to manage customers through this platform [4]. Group 3: Strategic Positioning - Kingsoft Office aims to position its multidimensional spreadsheet as a "lightweight data hub" rather than a replacement for existing ERP/CRM systems, focusing on connecting business processes without disrupting current systems [4]. - The company seeks to address the challenges of balancing general functionality with specific use cases in its product development [4]. Group 4: Future Directions and AI Integration - The integration of AI capabilities into multidimensional spreadsheets is seen as a key factor for attracting enterprise clients, with Kingsoft Office focusing on application-level enhancements rather than database-level changes [5]. - The company plans to explore further interactions with low-code solutions and open up some foundational capabilities to enhance its product offerings [5].