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.

Funding rounds

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Funding type
Funding round amount (USD)
Funding round date
Investment
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Products

Product
Description
Website
Launch date
Industry

TikTok is a short-form mobile videos app.

Online wiki service provided by ByteDance Ltd.

News aggregation app and website

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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

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Companies

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News

Title
Author
Date
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Description
IANS
August 3, 2020
@bsindia
A formal announcement from ByteDances founders on setting up shop in London is expected soon, said the report
Yingzhi Yang & Kane Wu | Reuters
August 3, 2020
@bsindia
The proposed acquisition of parts of TikTok, which boasts 100 mn US users, would offer Microsoft an opportunity to become a major competitor to social media giants such as Facebook and Snap Inc
Reuters
August 3, 2020
@bsindia
President Donald Trump only agreed to allow Microsoft Corp to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days
David Shepardson | Reuters
August 3, 2020
@bsindia
Senator John Cornyn, a Texas Republican, said on Twitter that a divestment and purchase by U.S. company is win-win.
Taylor Lorenz
August 3, 2020
www.nytimes.com
The uncertainty over the future of the wildly popular video app has brought chaos to its user community -- and to the entertainment and advertising industries as well.
Reuters
August 1, 2020
the Guardian
Donald Trump said on Friday he planned to ban the TikTok. Photograph: Hayoung Jeon/EPA
Raymond Zhong and Steve Lohr
August 1, 2020
www.nytimes.com
The Trump administration has said the video app poses security concerns because of its Chinese ownership.
Matt Burns
August 1, 2020
TechCrunch
China's ByteDance has agreed to divest its TikTok operations in the US, according to a report in Reuters. Under the deal, Microsoft would take over stewardship of the data of U.S.-based users. The deal allows another company besides Microsoft to operate TikTok in the United States. This would allow the service to continue to operate [...]
Mike Isaac and Ana Swanson
July 31, 2020
www.nytimes.com
The discussions come as TikTok's ownership by a Chinese company is under scrutiny by the White House and lawmakers.
Taylor Hatmaker
July 31, 2020
TechCrunch
President Trump has plans to order China's ByteDance, the owner of hit social video app TikTok, to divest from the company, according to new reporting from Bloomberg. The app is increasingly a target of U.S. security concerns over its Chinese ownership. While little is known about what that could mean -- or if it's how [...]
Yingzhi Yang and Julie Zhu | Reuters
July 31, 2020
@bsindia
Of the two venues, the company prefers Hong Kong, it says
Reuters
July 27, 2020
@bsindia
ByteDance could be forced to sell TikTok as Washington considers following India in banning the short video app, which analysts say is worth at least $20 billion.
Kevin Roose
July 26, 2020
www.nytimes.com
There is plenty the U.S. government could do to ensure that TikTok acts responsibly without getting rid of it altogether.
Michael J. de la Merced and Erin Griffith
July 23, 2020
www.nytimes.com
The move would reduce ownership by a Chinese company, ByteDance, amid escalating tensions between the U.S. and China.
Joe Tidy
July 20, 2020
BBC News
Why is there so much controversy surrounding the popular short-video app?
Sankalp Phartiyal & Aditya Kalra | Reuters
July 1, 2020
@bsindia
The order came after the government this week banned several Chinese apps including ByteDances TikTok, Alibabas UC News and Tencents WeChat citing threat to sovereignty and integrity.
Reuters
June 30, 2020
@bsindia
TikTok was removed from Google and Apple app stores in India after New Delhi said on Monday night it was among the 59 apps which it believed posed a threat to sovereignty and integrity
Rita Liao
June 21, 2020
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. This week, we have several heavy-hitting rumors swirling around, from Huawei's chips for cars to Tencent's potential buyout of its video rival iQiyi. China tech [...]
Omar Faridi
June 16, 2020
Crowdfund Insider
ByteDance, developer of TikTok, may compete for digital banking license to be issued by Monetary Authority of Singapore.
Hemani Sheth
June 15, 2020
@businessline
TikTok parent company ByteDance will discontinue two of its video-sharing apps in India- Vigo Video and Vigo Lite, the company has recently announced. "We want to thank you for the time you've spent w
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References

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