The developer of Flomo, a note-taking tool, has expressed intentions to acquire ByteDance's office tool Feishu's mind mapping software Mubu. Flomo did not reveal the exact amount of the purchase.
Alibaba's workplace communication platform DingTalk has completed the wholly-owned acquisition of wolai, a collaborative work tool developer. Once the acquisition is completed, wolai's production and research team will be made into regular employees of DingTalk.
On March 2, a report released by the China Internet Network Information Center (CNNIC) showed that as of December 2022, the number of people in the country who watched short videos exceeded one billion for the first time, and the utilization rate was as high as 94.8%.
Feishu, an office tool owned by Chinese tech giant ByteDance, announced that its annual recurring revenue (ARR), a key indicator, reached $100 million in 2022, an increase of 2.7 times compared with 2021.
As coronavirus continues to spread across the world, many companies are asking their employees to work-from-home as part of their social distancing response to the crisis.
Canceled events, xenophobia, suspended flights to China, cruise ships being denied port of entry despite having no coronavirus cases on board – this is just a small portion of the absurdity dominating the media field these days.
The recent coronavirus outbreak dramatically increased the penetration of productivity apps on the Chinese market, which in turn will likely accelerate the digitization of local enterprises.
As the outbreak of the Wuhan coronavirus becomes an international crisis, the Chinese tech industry is forced to get creative in finding solutions to avoid direct human interactions.
