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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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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References

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