![]() The deal follows an earlier acquisition rumor that circulated in November. Teambition founder Qi Junyuan garners lots of media attention as a successful “post-90” entrepreneur, a term used for those born after 1990. Alibaba rival Tencent also backed the software-as-a-service (SAAS) platform in 2016. The move falls in line with Alibaba’s strategic shift to enterprise-facing services. Why it’s important: As one of the earliest productivity tools in the Chinese market, Teambition was founded in 2011, well before tech giants Alibaba and Tencent made their forays into the team collaboration vertical with DingTalk and WeChat Work, respectively. On the other hand, Teambition is most compared with Trello, Jira and Upland WorkEngine, whereas UMT360 is most compared with Jira, Planview Daptiv, JIRA Portfolio, Corrus and. ![]() Teambition is rated 0.0, while UMT360 is rated 0.0. It has more than seven million users across 38 industries with clients including Huawei, Xiaomi, TCL, and Ximalaya. Teambition is ranked 34th in Project Management Software while UMT360 is ranked 17th in Project Portfolio Management. Users can collaborate on projects and share or edit documents in real time across departments, locations, and business units. Teambition consists of cloud-based project management tools, with functions similar to a mixture of Trello and Dropbox. In a step clearly intended to maintain dominance in an increasingly competitive market, Adobe has announced that XD CC (eXperience Design) is being released to. What happened: Chinese e-commerce giant Alibaba has fully acquired Shanghai-based productivity tool Teambition on Tuesday through its investment arm, according to Chinese enterprise intelligence platform.
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