Teambition is an enterprise team collaboration software, which mainly focuses on task collaboration and collaborative management. Official website shows that Teambition has been used by users in 38 industries such as Internet, education, retail, real estate and advertising, including Xiaomi, Huawei, Golden Arch and Iflytek.
On March 28th, Hangzhou Alibaba Venture Capital Management Co., Ltd. added foreign investment to teambition's parent company, Shanghai Yi Hui Information Technology Co., Ltd. at a price of US$ 654.38 billion. After the investment, Ali holds 654.38+000%. Teambition's registered capital is insufficient100000 yuan.
1 100 million dollars seems sky-high, but this transaction, Alibaba will definitely make a profit.
From the business point of view, the main purpose of the acquisition of Teambition is to cooperate with the ecological development of Alibaba Cloud. If Alibaba wants to build an "intelligent technology infrastructure based on cloud computing for the whole society in the information technology era", it must build an enterprise service ecosystem, and Teambition's smooth enterprise collaboration field is regarded as the third largest market.
By the beginning of 20 19, most companies of the same type as Teambition were eliminated, but Teambition's users reached 6 million, which shows how excellent Teambition's products and marketing strategies are. In addition, the overlap between Teambition and nail users is not high, and the acquisition of Teambition will not cause any conflict to the existing nails, but will create a joint force1+1> The effect of 2.
From a financial point of view, in the last round of financing of Teambition in 20 16, Tencent's valuation has reached 60 million US dollars, so the price for Ali to acquire Teambition at 1 100 million US dollars is not expensive at all. If we look overseas, the purchase price of the same type of Trello in 20 17 is 426 million dollars. So this acquisition is definitely worth it.
Thank you.