Cloopen Group Holding Limited (NYSE:RAAS) will look for M&A. Steven Li, Cloopen's Chief Financial Officersaid, “What is the long-term net dollar retention rate guidance? Like I said, right now it's between 105% and 110%. And we think, in the future, this percentage will improve.

We believe that it will improve to somewhere between 110% to 120% into the future. So in terms of the company's M&A strategy, like I said, we will continue to look for potential M&A opportunities into the future, either to add new products to our business. I think the 2 acquisitions we made in 2021 actually fall into this category.

The reason why we acquired EliteCRM and also acquired Zhuge is to add those CRM functions and CDP products to our total business solutions. And also, we will be looking for potential M&A opportunities to increase our market share”.