Page 6 - Bytedance

The Lord of Short Videos

This is a great primer in a developing story and highly recommended

China tech watchdog warns internet firms against blocking rivals

The government has accused a handful of companies of employing blocking and other methods to protect their respective spheres

ByteDance says it will downsize fintech biz, plans to sell stock broker ops

ByteDance, the owner of TikTok, said it would shrink its financial services unit and that it planned to sell its stock broking operations amid China's tightening grip on the fintech sector

TikTok is building its own AR development platform: Report

TikTok has launched a new creative toolset called TikTok Effect Studio that will allow its own developer community to build augmented reality (AR) effects for the platform.

Beijing took stake and board seat in key ByteDance domestic entity in 2021

The central Chinese government similarly holds a 1% stake in a key unit of Twitter-like Weibo called Beijing Weimeng Technology

TikTok owner ByteDance eyes Hong Kong IPO by early 2022: Report

ByteDance is going through a review process and has submitted filings to Chinese authorities, and final guidance is expected from ByteDance by September

ByteDance furloughs hundreds after China's tutoring crackdown

It's unclear if ByteDance will lay off more employees. Local media had earlier reported the shutting of the services

ByteDance shelves IPO after regulators warn about data security: Report

The Chinese tech giant, whose apps also include TikTok's Chinese twin Douyin and the news aggregator Toutiao, had kicked off initial preparations for an IPO of its domestic assets

TikTok's algorithm no longer a secret, available to firms: Things to know

The company is trying to sell the magic formula which made TikTok a huge success. Listen in to know more

ByteDance selling TikTok's AI technology to firms, including those in India

China-based ByteDance which is parent company of TikTok, has reportedly started selling the AI technology of the short video-making app to other companies, including in India where the app is banned

ByteDance founder tells staff he's moving away from daily CEO work: Report

In May, Zhang unexpectedly announced that he will step down as CEO of the TikTok owner amid Chinese' regulators' tightened scrutiny of the country's biggest technology firms.

TikTok owner ByteDance's 2020 revenue soars, net loss at $45 billion: Memo

TikTok owner ByteDance's total revenue more than doubled last year to $34.3 billion but its net loss widened to $45 billion, according to a company memo seen by Reuters

ByteDance launches share buyback after shelving IPO plans: Report

BEIJING (Reuters) - ByteDance, the Chinese owner of short video platform giant TikTok, launched a share buyback this week for current and former employees, two people with direct knowledge of the matter said on Wednesday.

China says ByteDance, Baidu, Microsoft improperly collected user data

China's internet watchdog said on Friday that companies including ByteDance, Baidu and Kuaishou had improperly collected user data.

ByteDance founder Zhang Yiming to step down as CEO by end of 2021

Zhang will move to a 'key strategy' position at the end of this year, ByteDance said in a statement.

ByteDance hires thousands to challenge e-commerce king Alibaba

A burgeoning e-commerce business could help the firm surpass its $250 billion valuation when it goes public, countering concerns around Beijing's crackdown on the country's internet behemoths

TikTok appoints ByteDance finance chief Shouzi Chew as new CEO

Chew had served as Xiaomi's chief financial officer from 2015 to 2020, and ran its international business for a year.

China's ByteDance says it has no recent plans for public listing

The firm conducted a thorough study

TikTok founder's $60 bn fortune places him among the world's richest people

38-year-old Zhang Yiming, is among the world's richest people -- a distinction that lately has carried increased risks in China

China-based ByteDance's gaming unit Nuverse acquires C4games: Details here

China's ByteDance said on Wednesday that its gaming unit Nuverse has acquired C4games, as it seeks to further expand into the video games business