ByteDance Confirms Smartphone Production

s most valuable startup, ByteDance announced that it's working on developing a smartphone with the help of device maker Smartisan Technologies, reported Gizmodo. Bytedance acquired a number the company’s patents for an undisclosed amount, while it was already working on a smartphone ...

Bytedance Acquires a Game Company

The Bytedance’s ambition in the game industry gained achievements in recent days. According to Qichacha’s data, the Shanghai Mokun Digital Technology Company was acquired by Bytedance. The legal representative of Shanghai Mokun Digital Technology Company changed into ZHANG Lidong (张利东...

Former Baidu Executives Join ByteDance

joined ByteDance, namely Wu Haifeng and Sun Wenyu, according to Tencent News. At present, ByteDance is actively promoting its search business. Wu Haifeng was once the vice president of Baidu and was responsible for the overall search business. Sun Wenyu used to be the executive director...

ByteDance Receives Online Microloan License

Around August 2017, ByteDance started to lay out a consumer finance plan. However, it is only July this year that a cash loan product called ‘Fangxindai’ was officially launched on Toutiao. The maximum loan amount is CNY 200,000 (USD 28,622). According to industry insiders ...

Bytedance Reportedly to Launch its Own Smartphone and OS

ByteDance is taking a step into hardware to develop its smartphone," Finacial Times speculated on May 27. While Bytedance has not yet denied or commented on the news, Chinese media has further speculated the issue, confirming the rumours.  Bytedance acquired Smartisan Technology, a...

ByteDance Is Shutting Down PICO VR

According to the latest news on October 20, relevant sources revealed to EuqalOcean that the person in charge of PICO recently went to Singapore to report to Zhang Yiming, the founder of ByteDance, and the feedback he received was that ByteDance will gradually abandon the PICO VR; the reason is that...

Pico Confirms Acquisition by ByteDance

The Chinese virtual reality (VR) startup Pico issued an internal letter on August 29, 2021, confirming its acquisition by ByteDance in a CNY 9 billion (USD 1.39 billion) deal. This overthrew the previous rumour of CNY 5 billion (USD 0.7 billion). According to Tencent News (link in Chinese), ...

ByteDance’s Lark Plans Global Expansion

This time, ByteDance seems to be more ambitious and tries to challenge Slack. Lark will be the App launched to challenge Slack, a work productivity app. Different from other ByteDance’s Apps, Lark will start and target the overseas market instead of the home market. According to a former ...

ByteDance’s Overseas Layout

According to a recent memo disclosed to its investors, ByteDance’s revenue soared by more than 30% in 2022, exceeding USD $80 billion. In 2021, ByteDance's revenue was approximately USD $60 billion, an increase of nearly 70-80% compared to 2020.Domestically, ByteDance competes with companies ...

ByteDance Releases Fight Back Statement against Executive Order

On August 7, ByteDance issued a statement against the Executive Order of the US government, stating that if the US government cannot give ByteDance a fair treatment, it will resort to US courts. ByteDance stated that it has been communicating with the US government in good faith for the past year...

ByteDance Threatens Legal Action Against Trump's Ban

On August 7, ByteDance's Toutiao announced its response to the United States' government executive orders. ByteDance said it was shocked by this latest order issued by President Trump – the order did not follow due process of law. In the past year, ByteDance has ...

ByteDance To Set New Regional Office in Hainan Province

On January 28th, 2019, ByteDance signed the strategic cooperation agreement with Haikou government in Beijing. According to the agreement, ByteDance will set its regional headquarter in Haikou, Hainan. Hainan is the only China Pilot Trade Free Zone (CPTFZ) province in China, while other CPTFZs ...

ByteDance's Contract with Record Companies are Expiring

On April 8, 2019, according to the Wall Street Journal, the contract between ByteDance and the record companies will be expired by the end of April. However, whether ByteDance could successfully renew the contract with the record companies is still under negotiation. Tik Tok, the short-video...

Kevin Mayer of Disney Joins ByteDance

On May 19, ByteDance and Disney released an announcement that Kevin Mayer, head of Disney’s streaming business, would join ByteDance. From June 1, Mayer will serve as the CEO of TikTok and as the COO of ByteDance, reporting directly to the company CEO Zhang Yiming. Mayer had previously been...

ByteDance's Pivot Towards Education

Earlier in March, Chen Lin, the senior vice president of ByteDance, released a statement explaining in detail the original intention, philosophy and vision of ByteDance for education. In his view, an ideal education product should have the best teachers, and it must achieve breakthroughs in products...

ByteDance Tests a New App for English Learners

Recently, Bytedance (字节跳动) has been testing a new English learning application called Tangyuan English, which features the “AI + real person” teaching mode. It is the third English learning product Bytedance has developed, apart from OpenLanguage (开言英语) and Dubaibeidanci (读白背...

Baidu Vice President Cheng Zhao Joins ByteDance to Cultivate Edtech

The founder of ByteDance – Yiming Zhang – has announced that ByteDance will treat education as the new strategic focus. Specifically, not only does ByteDance aim to hire the best talent, but it also focuses on making breakthroughs in the combination of software and hardware. As ...

Bytedance is Testing an AI Teacher

In 2018, Bytedance (字节跳动) challenged the Tencent-backed VIPKid by launching an online English teaching platform, Gogokid. However, according to 36kr, Gogokid had a massive layoff, losing more than 70% of its employees in April with the aim of cutting costs. Then in May this year, the ...

TikTok owner ByteDance Renames Its Subsidiaries as Douyin, Signaling HK IPO

ByteDance (Hong Kong) Limited was renamed Douyin Group (Hong Kong) Limited, effective on May 6, according to Hong Kong corporate registry. Douyin is the Chinese version  of TikTok.Several of its subsidiaries have also been renamed as Douyin. ByteDance Limited is now called Douyin Limited, while...

ByteDance Still be Positive to Indian Market and Will Keep Investing

On Apr 20, 2019, Indian media reported that the ByteDance, which is the parental company of Tik Tok, didn’t get affected by the ban of Tik Tok in India, and still be positive to the Indian market. In the next 3 year, ByteDance plans to invest USD 1 billion to India in order to support the ...