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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, a short video tycoon in China, is working on a new English learning application named Tangyuan English.
It is claimed that Kuaishou and Douyin have a DAU of 210 million and 300 million respectively, and each of them generated around CNY 3 billion of revenue during May 2019.
New “Data Security Management Measures”, drafted by the state body in charge of information control, might block up some Chinese companies’ revenue streams.
Hupu.com carried out its Pre-IPO funding round worth CNY 1.26 billion.
ByteDance confirmed its plan of developing an education hardware product. Despite unsuccessful attempts, it is keen on expanding into this field. ByteDance could start building its own AIoT infrastructure and ecosystem by rolling out its education hardware.
Bytedance acquired Smartisan Technology, a company that designs and markets consumer electronic devices and online services including smartphones and OS. Chinese media speculated that the company is about launch smartphone and OS.
ByteDance unveiled its new instant messaging app “Flipchat” on May 19, with similar functions to those found in other apps like Jike and Douban. So why does ByteDance foothold in instant messaging?
The world's most valuable start-up, Bytedance, provided its best negotiators to restore the situation in India. During the time TikTok was shelved, the company compromised significantly.
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