CHINA TOPIX

Tencent Invests in SaaS Firm Teambition

Phenny Lynn Palec   |

Aug 20, 2016 01:43 PM EDT

Chinese tech company Tencent, developer of online messaging apps like WeChat and QQ, has shown interest in Shanghai-based corporate collaboration startup Teambition. The startup was founded as a software-as-a-service (SaaS) enterprise management tool which can be used internally by corporations. The company eventually evolved to become a product and has worked on up to one million projects.