ByteDance acquires Hipa Cloud to boost Feishu platform · TechNode

Chinese language tech unicorn ByteDance has acquired no-code startup Hipa Cloud, an organization that focuses on custom-made enterprise administration techniques, Chinese language media outlet 36Kr reported on Monday. The acquisition seems to spice up ByteDance’s enterprise software program as a service enterprise and rework the competitiveness of Feishu, its Slack-like messaging software for companies, in a sector presently dominated in China by Alibaba’s DingTalk.

Why it issues: ByteDance’s brief video app Douyin (TikTok for the abroad market) has given the corporate large success with its customer-facing enterprise. But Feishu (Lark for the abroad market) has up to now failed to copy that success within the enterprise-facing companies sector. The acquisition of Hipa appears to be an try to alter that. 

• The demand for custom-made crew administration and messaging software techniques for companies has seen important upswing for the reason that starting of the pandemic.
• Software program growth with out coding has additionally develop into a significant focus for the trade in recent times, with Microsoft, Google, and Github saying no-code software program growth tasks.

Particulars: Based in 2019, Hipa Cloud focuses on no-code growth platforms for enterprise purchasers, helping them in growing custom-made administration techniques.

• Hipa Cloud introduced on March 20 that it could be halting its companies on Could 31 following the ByteDance deal, urging customers to export and migrate their information to different platforms, corresponding to Feishu and Mingdao, forward of the deadline.
• Hipa founder Chen Jinzhou and a part of his crew will probably be integrated into ByteDance’s Feishu unit after the acquisition. Chen will report on to ByteDance’s vp Xie Xin who’s accountable for Feishu, 36Kr reported.

Context: ByteDance first developed the Slack-like Feishu as an inner crew collaborative administration software in 2016, launching it as a enterprise in 2019.

• Rivals Alibaba and Tencent launched DingTalk and WeChat Work in 2014 and 2016 respectively. Huawei additionally launched their very own teamwork platform WeLink in 2017.
• DingTalk leads the market in China with 200,863 common each day downloads, whereas WeChat Work has 92,358 downloads per day. Feishu’s common each day downloads presently quantity simply 19,795, based on Qimai Knowledge.