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ByteDance was founded in 2012 by a team led by Yiming Zhang and Rubo Liang, who saw opportunities in the then-nascent mobile internet market, and aspired to build platforms that could enrich people's lives. The company launched Toutiao, one of its flagship products, in August 2012. It followed that success with the launch of Douyin in September ...
mosheh. Mosheh Oinounou. “ByteDance is not owned or controlled by the Chinese government,” TikTok CEO Shou Zi Chew told U.S. lawmakers Thursday. (Bytedance is TikTok’s parent company.)Chew also made four commitments to U.S. lawmakers during the video clip above: —Prioritizing safety for young #tiktok users—Firewall protection for U.S ...
Apr 3, 2023 · HONG KONG – ByteDance’s revenue surged more than 30 per cent to surpass US$80 billion (S$106 billion) in 2022, matching the tally at archrival Tencent Holdings, after twin video platforms ...
Apr 13, 2023 · ByteDance can afford to be patient with the lossmaking Western app thanks to its lucrative Chinese version, Douyin. Last year the tech group as a whole made a gross operating profit of $25bn or so ...
Jun 18, 2021 · ByteDance, the Chinese company behind the smash-hit video app TikTok, saw its earnings double last year. An internal memo released to staff showed that the firm's total revenue jumped by 111% to ...
Apr 10, 2024 · Despite a year filled with regulatory challenges, ByteDance ‘s earnings soared in 2023 as its EBITDA rose to over US$40 billion, people familiar with the matter told Bloomberg. That marks a 60% ...
ByteDance is a global incubator of platforms at the cutting edge of commerce, content, entertainment and enterprise services - over 2.5bn people interact with ByteDance products including TikTok ...
