teambition move from international to china

In addition to the main planning interface, there is one designed for CRM, called Bingo, as well as a “knowledge base” where businesses can keep extra documentation and other collateral. Alibaba’s last acquisition in enterprise was German big data startup Data Artisans for $103 million.Īs with others in the project management and collaboration space, Teambition provides users with mobile and desktop apps to interact with the service. Gobi also manages investments on behalf of Alibaba, and that might have been one route to how the two became acquainted. Teambition had raised about $17 million in funding since 2013, with investors including Tencent, Microsoft, IDG Capital and Gobi Ventures. Alibaba has now confirmed the acquisition to TechCrunch but declined to provide any other details. There were rumors of an acquisition circulating yesterday in Chinese media. TechCrunch has confirmed that the e-commerce and cloud services giant has acquired Teambition, a Microsoft and Tencent-backed platform for co-workers to plan and collaborate on projects, similar to Trello and Asana. Alibaba has made an acquisition as it continues to square up to the opportunity in enterprise services in China and beyond, akin to what its U.S. Recently, Jiemian News reported that an internal Feishu meeting showed that profits from its domestic business operations were lagging, and that it would shift its focus to other countries going forward. Deng Yunze, the founder of SOMO, an online conferencing tool, who joined Feishu before, has also left the job. In 2022, ByteDance acquired the code-free company “Hipa Cloud,” and its founder Chen Jinzhou joined Feishu only a few months later, then left the job. After Feishu acquired online note-making tool Mubu in 2018, both founders left Feishu in 2021 to start a new business. As Feishu constantly adjusts its strategy, it is accompanied by the loss of executives. Since 2018, ByteDance has made frequent acquisitions and investments in collaboration, documents, conferences and other fields, and it has recruited many founders of startups. That the number of team members at Feishu is growing rapidly, but the proportion of middle-level managers is insufficient, especially those who understand enterprises’ needs and can lead teams. By contrast, the number of employees at DingTalk is about 1,500, while that at WeCom is only several hundred. In order to catch up, ByteDance has further invested in Feishu by greatly expanding the team size to over 8,000 in 2022 from over 2,000 in 2021. According to QuestMobile’s data, as of November 2022, the number of monthly users (MAU) of DingTalk, WeCom and Feishu reached 253 million, 110 million and 9.3 million, respectively. User size and activity are important assessment indicators, and, judging from these two dimensions, Feishu is still far behind DingTalk and WeCom. Feishu has not grasped these growth opportunities in a significant way. For example, the number of WeCom users increased from 60 million to 250 million in just nine months. When COVID-19 first broke out, DingTalk and WeCom, which had been established for several years, witnessed a sharp increase in users. The pandemic has brought the collaborative office market into a period of rapid growth. In 2021, Qi planned to start a business again after leaving AlibabaĬloud. ‘s Intelligent Cloud Business Group, responsible for several products including AlibabaĬloud’s developer kit, DingTalk’s collaboration kit and online storage platform. After seven years of development, Teambition was acquired by Alibabaįor $100 million in 2019. It has received investment from many top institutions, such as Northern Light, IDG and Gobi China. Qi founded Teambition in 2011, which is positioned as a lightweight team collaboration tool designed for small and medium-sized enterprises.

An individual close to Feishu said that Qi will report to Feishu CEO Xie Xin, but the scope of his responsibilities has not yet been determined.

‘s online storage platform and founder of Teambition, a digital collaboration platform, has recently joined Feishu, an office communications platform operated by ByteDance, 36Kr reported on January 11. Former Head of Alibaba’s Online Storage Platform Joins ByteDance’s Feishu

Teambition move from international to china