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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

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
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.
June 17, 2021
mint
ByteDance's gross profit rose 93% to $19 billion last year, according to a memo to staff
Wei Sheng
June 8, 2021
TechNode
The high-profile complaint from ByteDance came as Chinese regulators crack down on tech companies' anti-competitive behavior.
Steven Perlberg and Dan Whateley
June 2, 2021
Business Insider
The email describes the 'Social Gloves' boxing event as 'Covid unsafe and violent in nature.'
Katie Warren
June 1, 2021
Business Insider
The lamp is made by TikTok owner ByteDance, which is venturing into the $40 billion online learning market in China.
Sarah Perez
May 29, 2021
TechCrunch
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices [...]
Chris Udemans
May 28, 2021
TechNode
James, Elliott, and Bloomberg's Zheping Huang discuss what the future has in store for Bytedance now that their founder Zhang Yiming is no longer CEO.
May 27, 2021
mint
Last week, company founder Zhang Yiming unexpectedly announced that he will step down as CEO, a move that comes as Chinese regulators are increasing scrutiny of the country's biggest technology firms.
Rita Liao
May 24, 2021
TechCrunch
From time to time, we see a Chinese app climbing to the top of Google Play and App Store in a host of Western countries. It might be a utility tool like a selfie beautifier or some casual video game, which has universal appeal and require little localization effort. But most of them tend to [...]
Vincent Ni China affairs correspondent
May 21, 2021
the Guardian
Analysis: political undercurrents cannot be ignored as Zhang Yiming stands down to 'daydream'
Emma Serlin, Prof Stéphane J.G. Girod and Helen Jamieson
May 21, 2021
Business Insider
Zhang Yiming wrote an unusually candid memo on why he was leaving his role as CEO of TikTok's parent firm to focus on longer-term initiatives.
Reuters
May 21, 2021
@bsindia
Chinas internet watchdog said on Friday that companies including ByteDance, Baidu and Kuaishou had improperly collected user data.
Agence France-Presse
May 20, 2021
the Guardian
Zhang Yiming will change role after saying he lacks the right skills to manage and prefers 'reading and daydreaming'
May 20, 2021
mint
ByteDance's Zhang Yiming hands the reins to co-founder, saying he wants to focus on innovation
Reuters
May 20, 2021
CTVNews
Zhang Yiming announced he will step down as CEO of TikTok-owner ByteDance, saying he lacked the social skills to be an ideal manager and naming his college roommate Liang Rubo as his successor to navigate a rising tide of Big Tech regulations.
Shona Ghosh
May 20, 2021
Business Insider
Zhang Yiming insisted he was stepping away to focus on more "long-term strategies" at the company. His cofounder, Liang Rubo, will take over as CEO.
BBC News
May 20, 2021
BBC News
The hugely popular short-video app was regularly criticised by former President Donald Trump.
Laura He, CNN Business
May 20, 2021
CNN
Zhang Yiming built ByteDance into one of the biggest names in Chinese tech. Now he's stepping down as CEO at just 38 years old, becoming the latest young tech entrepreneur in China to quit while leading a company on the rise.
Reuters
May 20, 2021
The Hindu
Zhang wrote in the memo that he concluded after several months of deliberation that he would have a greater impact on ByteDance's longer-term initiatives if he transitioned out of the CEO role.
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References

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