ByteDance

ByteDance

ByteDance's is a Chinese AI company focused on content delivery.

ByteDance is a technology company that owns and operates machine learning content platforms that allow users to connect in communities, create and share contents.

Zhang Yiming founded ByteDance on March 9, 2012 in Beijing, China. Its flagship product is Toutiao, an artificial intelligence powered platform delivering personalized content recommendations for its users. It also operates a series of products for mobile users including Topbuzz, Flipagram and other user-generated content short-form video applications.

ByteDance acquired musical.ly, a global video community that celebrates creativity through the combination of short videos and music. In August 2018, ByteDance merged musical.ly into their product, TikTok, which initially launched in May 2017, to provide a unified user experience between both platforms. Other social media applications they operate include Helo, Douyin, BaBe, Huoshan Video and Lark.

It was reported in December 2018 that ByteDance is in talks to raise about $1.45 billion (9.97billion yuan) to invest in artificial intelligence and media content.

In early 2020, it was announced that ByteDance and TikTok had built the technology to allow users to insert their face into videos starring someone else, known as a Face Swap or deepfake technology. The code in both TikTok and Chinese sister app Douyin asks users to take a mulit-angle biometric scan of their face and then add their face to the video they want to share.

Timeline

January 3, 2020

ByteDance and TikTok have built a deepfakes maker.

July 29, 2019

ByteDance announces it will begin making smartphones

November 1, 2017

ByteDance raises a $257,000,000 series D round from QiMing Venture Partners.

Products

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Industry
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Website

TikTok is a short-form mobile videos app.

News aggregation app and website

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People

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Role
LinkedIn

Arthur Dantchik

Director of the Board

Neil Shen

Director of the Board

Philippe Laffont

Director of the Board

William Ford

Director of the Board

Zhang Yiming

Founder, CEO and Chairman of the Board

Further reading

Title
Author
Link
Type
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China's ByteDance leapfrogs Uber to becomes world's most valuable startup

Jon Russell

News

TikTok owner Bytedance is now the world's most valuable startup

Sam Byford

News

Documentaries, videos and podcasts

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Companies

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News

Title
Author
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Description
Yingzhi Yang
May 28, 2020
U.S.
TikTok's poaching of Disney's Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions, several people familiar with the plans said.
Anthony Ha
May 18, 2020
TechCrunch
Kevin Mayer, head of The Walt Disney Company's direct-to-consumer and international business, is departing to become CEO of TikTok, as well as COO of the popular video app's parent company ByteDance. Founder Yiming Zhang will continue to serve as ByteDance CEO, while TikTok President Alex Zhu (formerly the co-founder of the predecessor app Musical.ly) becomes [...]
Yingzhi Yang
March 13, 2020
U.S.
The founder of China's ByteDance, owner of the wildly successful TikTok app, has for years aspired to make ByteDance the first Chinese firm to rival U.S. internet giants on the global stage. On Thursday Zhang Yiming made a key move to achieve that.
Julie Zhu
February 14, 2020
U.S.
China's ByteDance, the owner of video-sharing app TikTok, will appoint an executive to exclusively lead its nascent gaming business, sources said, signaling its growth ambitions in the sector and an intensifying rivalry with tech giant Tencent.
T E Narasimhan
January 28, 2020
@bsindia
TikTok has a community of 200 million users in India, the company claims. So how did ByteDance push its way through and how has it held its own?
Ingrid Lunden
January 23, 2020
TechCrunch
TikTok, the fast-growing user-generated video app from China's Bytedance, has been building a new music streaming service to compete against the likes of Spotify, Apple Music and Amazon Music. And today it's announcing a deal that helps pave the way for a global launch of it. It has inked a licensing deal with Merlin, the [...]
Bloomberg
January 20, 2020
@bsindia
The worlds most valuable start-up has rapidly built a full-fledged gaming division to spearhead its maiden foray into hardcore or non-casual games
David Cohen
January 6, 2020
TechNode
The TechNode community ponders the end of a decade in China tech. What changed in 2019? What are we watching in 2020? What do you say about a whole decade?
Tony Xu
January 6, 2020
TechNode
Douyin remains significantly ahead of Tencent-backed Kuaishou, which has targeted an end-January goal of 300 million daily active users.
January 3, 2020
Livemint
Owner of TikTok app, Bytedance is now ready to take on players like Spotify, Gaana, Wynk, Apple Music.The music streaming service Resso, which is right now in Beta version, has already been downloaded nearly 100,000 times, according to reports
Alex Wilhelm
January 3, 2020
TechCrunch
According to newly released third-party data, TikTok has reason to dance. The famous short-video application saw its in-app purchase revenue rise 310% on a year-over-year basis, according to Apptopia, a startup that tracks mobile app revenue and usage. (The Boston-based startup has raised $8.2 million to date and competes with AppAnnie.) TikTok's revenue gains are impressive [...]
Nicole Jao
January 3, 2020
TechNode
Ant Financial and Bytedance are joining local contenders like Razer and Grab in the race to nab a digital banking license in Singapore.
WalktheChat
January 1, 2020
TechNode
Facing its biggest challenge yet, WeChat rolls out next article recommendations, improvements to short videos, and search to fend off Bytedance.
Tony Xu
December 30, 2019
TechNode
Bytedance is trying to cultivate more original music on its platforms to avoid increasing royalty fees from record labels.
Wei Sheng
December 30, 2019
TechNode
Bytedance and Baidu have been involved in a series of lawsuits this year.
James McLeod
December 16, 2019
Financial Post
TikTok has had a year of explosive growth.Reuters/Dado Ruvic/Illustration/File Photo
Tony Xu
December 16, 2019
TechNode
The newly formed company will focus on short video licensing rights.
John Artman
December 12, 2019
TechNode
Using Bytedance as a lens, Matt and John embark on a wide-ranging discussion about China tech in 2019.
Tony Xu
November 27, 2019
TechNode
It wants to convince the US government that personal data on TikTok is safe from Chinese authorities.
Reuters
November 27, 2019
@bsindia
Read more about Amid US probe, China's ByteDance moves to ringfence its TikTok app on Business Standard. A US panel is probing the safety of personal data handled by the company
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References

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