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ByteDance

ByteDance

ByteDance is a Beijing-based company founded in 2012 by Zhang Yiming.

ByteDance is a technology company that owns and operates machine learning content platforms that allow users to connect in communities, create and share contents. The mission of the company is "Inspire Creativity, Enrich life".

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.

Timeline

April 14, 2021
ByteDance gaming unit Nuverse acquires C4games, as it seeks to further expand into the video games business.
August 2020
ByteDance launches Toutiao Search for the Chinese market to take on Baidu.
January 3, 2020
ByteDance and TikTok have built a deepfakes maker.
July 29, 2019
ByteDance announces it will begin making smartphones
2019
ByteDance sets up Nuverse.
November 1, 2017
ByteDance raises a $257,000,000 series D round from QiMing Venture Partners.

Funding rounds

Acquisitions

People

Name
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
Date

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

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Zhanhang Ye
September 17, 2021
TechNode
Chinese tech giant ByteDance reportedly is developing a music streaming app to launch in China in 2021.
Caroline Donnelly
September 14, 2021
ComputerWeekly.com
Following its meteoric rise to social media prominence, TikTok's parent company is confirmed as being the world's seventh-biggest datacentre spender after just three years of expansion
Zhanhang Ye
September 2, 2021
TechNode
A ByteDance spokesperson confirmed the plan with TechNode and said it is cutting back on financial services.
Lucas Matney
August 30, 2021
TechCrunch
TikTok parent company ByteDance seem to be looking to one-up Facebook anywhere it can. After taking over the mantle of most-downloaded social media app in the world with TikTok, ByteDance is coming for Facebook's moonshot, buying up its own virtual reality headset maker called Pico. The deal first reported on by Bloomberg last week was [...]
Rita Liao
August 21, 2021
TechCrunch
Hello and welcome back to TechCrunch's China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world.
Richard Dal Porto
August 19, 2021
TechCrunch
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
By The Associated Press
August 18, 2021
AP NEWS
___Fed discussed pulling back on bond purchases later this yearWASHINGTON (AP) -- Federal Reserve officials last month discussed the timing for beginning to dial back their extraordinary support for the U.S.
Reuters
August 17, 2021
@bsindia
The central Chinese government similarly holds a 1% stake in a key unit of Twitter-like Weibo called Beijing Weimeng Technology
Reuters
August 17, 2021
The Hindu
The deal does not give the Chinese government any stake in the firm's hit short video app TikTok because of ByteDance's complex corporate structure.
August 17, 2021
The Economic Times
Weibo did not immediately respond to a request for comment. In the SEC filing, it said its unit received the investment from WangTouTongDa in April 2020 and that WangTouTongDa (Beijing) Technology had the right to appoint a director to Weiming's three-member board.
Emma Lee
August 10, 2021
TechNode
A former Alibaba manager at the center of China's latest #metoo case was in the process of applying for a job at ByteDance.
Reuters
August 9, 2021
The Hindu
ByteDance is planning to list in either the fourth quarter of this year or in early 2022, the FT reported, citing sources familiar with the matter.
Zheping Huang | Bloomberg
August 5, 2021
@bsindia
Its unclear if ByteDance will lay off more employees. Local media had earlier reported the shutting of the services
Zhanhang Ye and Emma Lee
August 5, 2021
TechNode
ByteDance is grappling with the fallout from regulations that limit edtech companies' business operations and financial activities.
Reuters
August 5, 2021
The Hindu
The move comes after China imposed sweeping regulations on the private-tutoring sector.
Manish Singh
August 4, 2021
TechCrunch
Kuaishou Technology, a Chinese firm perceived as a ByteDance rival by many, said on Wednesday it will shut down its controversial short video app Zynn later this month. The app was only available in the U.S. The firm, which last month said it had amassed 1 billion monthly active users, didn't offer an explanation for [...]
Agencies
July 12, 2021
@bsindia
The Chinese tech giant, whose apps also include TikToks Chinese twin Douyin and the news aggregator Toutiao, had kicked off initial preparations for an IPO of its domestic assets
David Cohen
July 9, 2021
TechNode
ByteDance announced Friday that it will cancel weekend work days amid a national backlash against extreme working schedules like 996.
Mark Sweney
June 18, 2021
the Guardian
Owner of video-sharing app also reports a 93% increase in gross profit to $19bn in 2020
BBC News
June 18, 2021
BBC News
China's biggest technology companies have been coming under increasing scrutiny both at home and abroad.
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References

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