The relevant team reports to Xie Xin. Zhang Nan resigns as Feishu's president for personal reasons and will serve as Feishu's consultant.
ByteDance’s Feishu has made internal adjustments to its senior management.
On June 14, several insiders revealed that Feishu's president Zhang Nan had recently resigned. An insider close to Feishu said that Zhang Nan's resignation was mainly due to personal reasons. Next, Zhang Nan will gradually become a Feishu consultant.
According to a reporter from The Paper, after Zhang Nan steps down, the heads of the sales, marketing, and commercialization teams that Zhang Nan is responsible for will report directly to Feishu CEO Xie Xin. At the Feishu all-staff meeting after the Spring Festival this year, Xie Xin announced Feishu's software subscription revenue last year: over $200 million, double that of 2022.
In addition, The Paper exclusively learned that as an office software that competes with Alibaba's DingTalk and Tencent's WeChat for Enterprise, Feishu's current ARR ranks first in China.
Public information shows that Zhang Nan is a veteran employee of ByteDance and joined ByteDance in 2014. In the second half of 2016, he was transferred to Xigua Video as president until March 2020, when he was transferred to Feishu as president of Feishu.
Feishu has already carried out large-scale organizational adjustments this year. On March 26, Feishu CEO Xie Xin issued a letter to all employees saying that Feishu will streamline the team size and provide compensation plans and transfer opportunities for affected employees.
In a letter to all employees, Xie Xin said that the team was too large, the organization was not lean enough, and the efficiency was low, which was not conducive to the long-term development of the business: "This adjustment is not only about the size of the team, but more importantly, it is about returning to the day 1 state of a startup company - a more focused direction, a more efficient organization, and a more combat-ready team."
Feishu is an office collaboration platform developed by ByteDance in 2016. It integrates instant communication, shared calendars, online documents, audio and video conferencing, cloud storage and other functions. Its positioning is similar to DingTalk under Alibaba and WeChat for Enterprise under Tencent. In November 2021, ByteDance CEO Liang Rubo announced the establishment of six business units, namely Douyin, Dali Education, Feishu, Huoshan Engine, Chaoxi Guangnian and TikTok.
In recent years, Feishu's revenue data has grown rapidly. In March last year, Xie Xin disclosed that Feishu's ARR in 2022 exceeded 100 million US dollars, a 2.7-fold increase from 2021. This is the first time that Feishu has disclosed its core business indicators since its establishment.
In March last year, Xie Xin said in an interview with a reporter from The Paper that the current ROI will not affect the future strategic direction of Feishu. "From a group perspective, Douyin is the business with the highest current ROI, but more different types of applications are also needed." Xie Xin believes that Feishu is a business that requires long-term and continuous investment. Although the current ROI is not high enough, ByteDance's management has sufficient patience for the business itself and recognizes its potential, and is still investing heavily in it.
