What does ByteDance do?

What does ByteDance do?

ByteDance is the developer of the video-sharing social networking services and apps TikTok and Douyin, the Chinese-specific counterpart to TikTok. It also develops the news and information platform Toutiao (“Headlines”).

Is ByteDance a startup?

Zhang founded Bytedance in 2012 as a news-aggregating site called Today’s Headlines, otherwise known as Toutiao. The site’s savvy algorithms, capable of customizing the home page to best suit any viewer’s interest, was a runaway success and Bytedance quickly became one of China’s most valuable tech start-ups.

Is ByteDance listed?

“After postponing its overseas listing this year, ByteDance has spent the past few months addressing Chinese regulators’ data security concerns, one of the people said, including providing more detail to authorities on how it stores and manages consumer information,” the FT said.

Is TikTok owned by China?

In another sign of China’s tightening grip on the country’s growing technology sector, the government has taken an ownership stake in a subsidiary that controls the domestic Chinese social media and information platforms of ByteDance, the Beijing-based company that owns TikTok.

Does Tencent own TikTok?

TikTok owner ByteDance takes on Tencent after acquiring major mobile gaming studio. The TikTok owner is looking to diversify beyond advertising and take a slice of the $86 billion mobile gaming market as well as expand its footprint internationally.

What is Douyin?

Douyin, (抖音, literally “shaking sound” in Chinese) is a short video media app owned by China’s young tech giant Bytedance (字节跳动). The app allows users to create, edit, and share short videos as well as livestreams, often featuring music in the background.

Does TikTok float?

TikTok will be going public… eventually. Its parent company ByteDance confirmed in 2020 that TikTok Global, a new US entity, will have its IPO at some point. This will be separate from ByteDance’s IPO, which is also in the pipeline.

Will TikTok go public?

TikTok owner ByteDance, which is based in China, has finally shed light on its plans to go public. Determined to run its IPO in Q4 2021 or early 2022, the company is submitting all required applications and undergoing the necessary verification processes to set the wheels in motion.

Who bought TikTok 2021?

ByteDance
ByteDance still owns TikTok, which added 7 million new US users in the first four months of this year. Trump is gone, and the threat from the US government has receded—but the Chinese government now looms over the popular app.

Who is Moonton in real life?

Justin Yuan, co-founder and chief executive of Moonton, developer and publisher of the famous multiplayer online game Mobile Legends: Bang Bang, said now is a great time for startup companies to venture into the gaming industry.

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