In early February — iFLYTEK’s clever speech product iFLYREC quietly surpassed 100 million customers, turning into the corporate’s second core product to cross the 100-million threshold after its enter technique app.
Since launch, iFLYREC has adopted what it calls a “three-no” coverage: no splash-screen adverts, no in-app adverts, and no share-based adverts. As an alternative, it operates on a subscription-based SaaS mannequin.
Monetary disclosures present iFLYREC has delivered over 60% gross revenue progress for 3 consecutive years, with annual renewal charges above 50% for brand spanking new customers. The app constantly ranks first in speech-to-text classes throughout main app shops.
The product developed from non-real-time transcription (2015–2019) to real-time subscription SaaS companies in 2019. In 2023, it turned the primary product to combine iFLYTEK Spark massive mannequin, launching a “one-click transcript-to-draft” function. It later launched an AI-powered adaptive assembly abstract mode that customizes output based mostly on person notes, inserted photographs, and highlighted key factors.
iFLYREC has since expanded into high-profile situations, together with real-time Cantonese-to-Mandarin subtitles for the Miss Hong Kong livestream, real-time subtitles for the CCTV Spring Competition Gala on-line broadcast, and AI-powered captioning companies for Hong Kong’s Legislative Council—forming a broader “SaaS + {hardware} + companies” resolution technique.
Supply: 36Kr
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