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Bytedance
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ByteDance: A Global Tech Giant Under Scrutiny ByteDance Ltd, a Chinese internet technology company founded in 2012 by Zhang Yiming, Liang Rubo, and others, has rapidly ascended to global prominence. Headquartered in Beijing but incorporated in the Cayman Islands, the company's portfolio includes the...
Image Source : Wikipedia
- Company type Private
- Industry Internet
- Founded 13 March 2012
- Headquarters Haidian, Beijing, China (operational), Cayman Islands (legal)
- Area served Worldwide
- Key people Zhang Yiming (founder &
- Revenue US$120 billion (2023)
- Subsidiaries Moonton, Nuverse
- Website www.bytedance.com
Bytedance history
Last Updated : 20/03/25, 02:45 AM
ByteDance: From News Aggregation to AI Frontier ByteDance, co-founded by Zhang Yiming and Liang Rubo in 2012, emerged from the real estate search engine 99fang.com. Its initial foray into app development, Neihan Duanzi, a humor platform, garnered over 200 million users before its closure in 2018. To...
BYTEDANCE NEWS
DOJ urges Supreme Court to reject Trump request to delay TikTok ban law
January 05, 2025 10:08 am
Last week, Trump filed a legal brief arguing he should have time after taking office on January 20 to pursue a "political resolution" to the issue.
US senators urge Biden to grant ByteDance 90-day reprieve from law requiring sale
December 20, 2024 8:13 am
President-elect Donald Trump reversed his stance and promised during the presidential race this year that he would try to save TikTok.
ByteDance, TikTok seek temporary halt to US ban pending Supreme Court review
December 10, 2024 8:51 am
ByteDance and TikTok are appealing a U.S. law mandating the divestiture of TikTok by January 19 or face a nationwide ban. With over 170 million American users, TikTok argues the law's enforcement would disrupt businesses reliant on the platform and impact millions of users.
TikTok parent ByteDance's valuation hits $300 billion: Report
November 18, 2024 11:57 am
The current offer price is an increase of 12.9% from the per share price of $160 in their last buy back program. The news about the valuation was earlier reported by the Wall Street Journal.
TikTok sued by 13 states and DC, accused of harming younger users
October 08, 2024 11:35 pm
The states accuse TikTok of using intentionally addictive software designed to keep children watching as long and often as possible and misrepresenting its content moderation effectiveness.
ByteDance plans new AI model trained with Huawei chips, sources say
October 01, 2024 8:48 am
ByteDance plans to use Huawei’s Ascend 910B chip to develop a new large-language AI model, though supply constraints have delayed progress.
OpenAI’s departure from China has lessons for India’s tech ecosystem
July 12, 2024 5:39 pm
Galapagos syndrome is a Japanese term for the isolated development of a global product. India must resist the temptation to become a technological Galapagos and find a middle ground to accommodate foreign players while encouraging local innovators
Donald Trump joins the TikTok video platform he once sought to ban
June 02, 2024 2:38 pm
The account, President Donald J. Trump with the address @realdonaldtrump, had more than 450,000 followers by 0800 GMT.
US court to hear challenges to potential TikTok ban in September
May 28, 2024 10:42 pm
The US Court of Appeals for the District of Columbia ordered the case set for oral arguments in September after TikTok.
ByteDance plans music-streaming expansion to take on Spotify - WSJ
October 13, 2022 3:15 pm
The TikTok parent plans to eventually integrate music streaming within its short-video service and scale it to serve as a major platform for distributing music globally.
