the Company ByteDance – the owner of a platform for sharing the music video TikTok and is considered the most expensive startup in the world – is preparing its own enterprise app with collaboration features. A tool that will compete with web Google office Suite G, will launch later this month.
it is reported Bloomberg citing sources close to the company. ByteDance representatives declined to comment.
ByteDance better known as the owner of a music app TikTok and news aggregator Toutiao. However, in April of 2019, the company released a program Lark (in China it’s called Feishu), which combines the capabilities of corporate Slack messenger, filogeniya Dropbox “Google docs” and Skype.
According to Bloomberg, now in ByteDance full update of the Toolbox. The kit will enable file management in the cloud, and edit documents, spreadsheets, and notes – as in Suite G and “Google Drive”. The first app will launch in China, where an outbreak of the coronavirus COVID-19 the demand for a complete online office with collaboration features is very large.
According to IDC, in 2018 the global market for collaborative applications was estimated at $14.8 billion in 2019 – at $16.5 billion. The demand for such programs has increased dramatically in the early 2020 against the background of an epidemic of viral infection, when many Chinese companies have started to transfer their employees to work remotely. Thus, the “mobile workplace” DingTalk from Alibaba Group (with a work schedule, address book, group chats, video conferencing and other functions) for several weeks held the title of most downloaded free apps in the Chinese App Store.
On demand promptly responded and ByteDance, the Agency said. In February, the company temporarily made the premium features free Feishu – as a result, the number of downloads of iOS apps in China exceeded 22 thousand a day.