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ByteDance Ltd. is a Chinese internet technology company headquartered in Haidian, Beijing and incorporated in the Cayman Islands. [ 7] Founded by Zhang Yiming, Liang Rubo, and a team of others in 2012, ByteDance developed the video-sharing apps TikTok and Douyin.
A new subsidiary, TikTok U.S. Data Security Inc. (USDS), was created to manage user data, software code, back-end systems, and content moderation. It would report to the Committee on Foreign Investment in the United States (CFIUS), not ByteDance or TikTok, even for hiring practices.
Meta Platforms, Inc., [ 10] doing business as Meta, [ 11] and formerly named Facebook, Inc., and TheFacebook, Inc., [ 12][ 13] is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. [ 14]
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In March 2020, ByteDance prepared to release a "Google-like suite of office collaboration tools" (referencing Google Workspace) focusing on cloud-based file management and document and spreadsheet editing. [2] In April 2020, during the COVID-19 pandemic, Lark made its service available for free across Southeast Asia. [5]
Recorded 23 March 2023. Website. tiktok.com. Shou Zi Chew ( Chinese: 周受资; born 1 January 1983) is a Singaporean business executive who has been serving as the chief executive officer (CEO) of TikTok, an online video platform owned by Chinese company ByteDance, since 2021. [ 1][ 2][ 3]
TikTok Shop is an e-commerce feature of the video hosting service TikTok. Officially launched in September 2023, [ 1] the feature enables users interested in starting a business and generating income to upload their curated products on TikTok for others to discover and purchase. [ 2] Daily sales averaged approximately US$ 7 million in October 2023.
On March 17, 2023, the United States Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) officially launched an investigation of TikTok, including allegations that the company spied on American journalists. [ 9] On January 25, 2023, Missouri Senator Josh Hawley introduced a bill to ban the platform nationwide.