With the most recent funding of $50 million that it has received, Facishare Technology which is a Chinese domestic social cloud based service provider has taken its total investments to $63 million from three rounds.
The list of investors include DCM, IDG Capital Partners and Northern Light Venture Capital.
Facishare has been using the mobile and cloud internet technology as its main products. The socialized interaction form used in Facishare is quite similar to WeChat and Microblog. However, it integrates functions of attendance check, log, approval, dynamic CRM, enterprise WeChat and more.
The customer base of Facishare is quite impressive and it already has 30,000 business users and almost 3000 new users per month are being registered. The company has successfully completed Round A financing and has become cooperative partner of Microsoft Cloud Acceleration as well.
Facishare started as a social performance management platform however the focus soon shifted to customer relationship management. It address various new concerns prevailing in China as of now including the cloud piracy problems.
There are many Chinese enterprise social or performance management services that would find themselves to be WeChat for business. This field is getting highly competitive and this investment will prove quite effective tor Facishare considering the current scenario.