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ByteDance’s Slack-like tool generated $100M in 2022


Feishu, ByteDance’s workplace collaboration app, surpassed $100 million in annual recurring revenue last year, Xie Xin, the chief executive of Feishu, told staff Thursday, according to a person familiar with the matter.
In late 2021, the workplace tool became one of the firm’s six individual business groups, meaning it was given the same strategic importance as other BGs at ByteDance, which include TikTok, Douyin, Dali (the education BG), BytePlus (B2B AI and data infrastructure) and Nuverse (video games).
The milestone was first reported by the Chinese tech news site 36kr, just a few days after a controversial article by Leiphone, another Chinese news outlet, questioned Feishu’s cash burn. ARR generally measures a software company’s subscription-based revenue.
Feishu, which has an international version called Lark, is an all-encompassing work communication messenger with handy feat …

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