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

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
ByteDance funding round, October 2018
3,000,000,000
October 26, 2018
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Products

Product
Description
Website
Industry
Launch date
Tiktok

TikTok is a short-form mobile videos app.

Online wiki service provided by ByteDance Ltd.

April 30, 2020

News aggregation app and website

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People

Name
Role
LinkedIn

Arthur Dantchik

Director of the Board

Kevin A. Mayer

CEO of TikTok, COO of ByteDance Ltd.

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
Martin Farrer and agencies
September 21, 2020
the Guardian
Parent company ByteDance, under pressure in China not to give in to US demands, said the plan 'does not involve the transfer of any algorithms'
Associated Press
September 18, 2020
Boston Herald
The U.S. Commerce Department said Friday it will ban Chinese-owned TikTok and WeChat from U.S. app stores on Sunday and will bar the apps from accessing essential internet services in the U.S. -- a move that could effectively wreck the operation of both Chinese services for U.S. users.
Reuters
September 17, 2020
the Guardian
President warns any agreement to continue operating in US must be '100% as far as national security is concerned'
Alison Rourke and agencies
September 14, 2020
the Guardian
Microsoft said ByteDance will not sell it the US operations of the video-sharing app Tiktok. Oracle is reportedly set to be a 'technology partner'. Photograph: Florence Lo/Reuters
IANS
August 31, 2020
@bsindia
Some speculations surrounding the sale of TikToks US operations may soon come to an end as the short video-sharing platform owned by Chinese unicorn ByteDance has reportedly reached a deal.
BBC News
August 31, 2020
BBC News
New rules mean Beijing could block the sale of the app's video recommendation engine.
CNN
August 31, 2020
CTVNews
Beijing appears to have just thrown a wrench into the possibility that TikTok could be sold to an American buyer to avoid a ban on its business in the United States, after Chinese officials on Friday revised rules that govern the sale of certain kinds of technology to foreign buyers.
Rita Liao
August 31, 2020
TechCrunch
While Beijing has repeatedly spoken out against Washington's pressure on Huawei, it has remained relatively quiet amid TikTok's recent struggles in the U.S. As the red-hot video app approaches a final sale in the U.S., however, the Chinese authority moved unexpectedly to make the deal more complicated to go through. On late Friday, China's Ministry [...]
IANS
August 31, 2020
@bsindia
TikTok owner ByteDance has said it will abide by the new rules set by China for technologies that are subject to export bans or restrictions
ANI
August 31, 2020
@bsindia
Chinas new export rules for technologies is likely to come in way of the survival of TikTok in the United States where it is struggling to continue its operations after an ultimatum by Trump
Bloomberg
August 30, 2020
@bsindia
Permits required for overseas transfers to safeguard national economic security
Reuters
August 30, 2020
@bsindia
It can take up to 30 days to obtain preliminary approval to export the technology
Paul Mozur, Raymond Zhong and David McCabe
August 29, 2020
www.nytimes.com
In an 11th-hour twist, Beijing raised a potential hurdle for a sale of TikTok, further roiling the race to buy the Chinese-owned app.
Press Trust of India
August 27, 2020
@bsindia
I can assure you that we are developing solutions that will be in the interest of users, creators, partners, and employees, ByteDance Chairman said
Mike Isaac and Andrew Ross Sorkin
August 26, 2020
www.nytimes.com
Neither side wanted a big deal. But what began as talks about a small investment ballooned with interventions from President Trump.
Mike Isaac and Andrew Ross Sorkin | NYT
August 26, 2020
@bsindia
A deal price is unclear, though numbers have ranged from $20 billion to $50 billion depending on what parts of TikTok will be sold
Echo Wang and Joshua Franklin | Reuters
August 24, 2020
@bsindia
ByteDance has been in talks to divest TikToks North America, Australia and New Zealand operations to potential acquirers, including Microsoft Corp and Oracle Corp
Reuters & BS Web Team
August 18, 2020
@bsindia
Read more about From billion downloads to global backlash, TikTok's journey in pics on Business Standard. Earlier this year, TikTok appointed former Walt Disney streaming chief Kevin Mayer as its chief executive
Dan Sabbagh
August 16, 2020
the Guardian
TikTok offices in Los Angeles. Its owner ByteDance is looking into establishing TikTok's HQ outside of the US. Photograph: Chris Delmas/AFP/Getty Images
Brian Barrett
August 15, 2020
Wired
Plus: TikTok tracking, Russian SIMs, and more of this week's top security news.
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References

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