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Bytedance was founded in 2012 and its flagship product, Toutiao, is the largest AI-powered content platform in China. Toutiao delivers personalized content recommendations to every user based on their interests.
| Announcement Date | Funding Round | Funding Raised | Lead Investor(s) |
|---|---|---|---|
| Oct. 20, 2018 | Pre-IPO | 4.00B | SoftBank Capital China Venture Capital,Primavera Capital, Kohlberg Kravis Roberts & Co. L.P. |
| Aug. 11, 2017 | Venture-Series Unknown | 2.00B | General Atlantic, Ethos Partners(Singapore), Altimeter Capital |
| Apr. 7, 2017 | Series D | 1.00B | Sequoia Capital China, CCB International Holdings |
| Jun. 1, 2014 | Series C | 100.00M | Sequoia Capital China, WeiVC Incubator, Ether Capital |
| Sep. 1, 2013 | Series B | 0.00 | Digital Sky Technologies(DST) |
| Aug. 1, 2012 | Series A | 0.00 | Susquehanna International Group(SIG) |
| Jul. 2, 2012 | Angel Round | 0.00 | LIU Jun, ZHOU Zijing |
ByteDance announced last month that it will be releasing two mobile games later this spring, challenging giants such as Tencent and NetEase.
Behind the momentum of China’s short video players and live commerce businesses are the pushing hands of Multi-Channel Networks, or MCNs. YOWANT, one of the leading players in this field, is a good case to look into.
Worlds most valued startup, ByteDance had recently established a fund to aid the frontline medical staff and doctors, with confirmed infected and death cases the funds have been released to the families.
A recently released new video sharing app called Byte has rocketed to the top of App Store in the US.
Douyin, TikTok and Jinritoutiao’s parent company, ByteDance, has announced a CNY 200 million donation to the China Red Cross Foundation.
WeChat has apparently responded to the rise of ByteDance with a short-video beta testing. With over 1 billion monthly active users, WeChat is confident that its new feature can lure more users to give them screen time, taking eyeballs back from short video platforms such as Douyin and Kuaishou.
Meet Qingliao, Maohu, and Pengyou – Tencent’s new apps designed to attract lonely souls…
As ByteDance has announced that it will be releasing two mobile games later this spring, gaming titan Tencent's Shares Take a Sudden Dip.
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