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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. The company is also the developer of the news platform Toutiao.
Zhang Yiming (Chinese: 张一鸣; born April 1, 1983) is a Chinese Internet entrepreneur.He founded ByteDance in 2012, developed the news aggregator Toutiao and the video sharing platform Douyin (internationally known as TikTok).
TikTok's parent company is ByteDance Ltd., of which 60% is owned by global investors, 20% by its Chinese co-founders and 20% by employees, TikTok said
Chew added that 60% of ByteDance is owned by global institutional investors such as the Carlyle Group, General Atlantic and Susquehanna International Group, while 20% of the firm is owned by Zhang ...
In September 2023, The Wall Street Journal reported that Yass, an investor in TikTok's parent firm ByteDance, is a major donor to US politicians who have opposed restrictions on TikTok. [32] After Yass and Trump met in March 2024 at a Club for Growth event, Trump went from supporting a ban on TikTok to opposing a ban.
TikTok, which is owned by Chinese social media giant ByteDance, has found itself entangled in the wider geopolitical battle between Beijing and Washington. ... Get this 'luxury hotel'-like queen ...
TikTok, whose mainland Chinese and Hong Kong [3] counterpart is Douyin, [a] [4] is a short-form video hosting service owned by Chinese internet company ByteDance.It hosts user-submitted videos, which may range in duration from three seconds to 60 minutes. [5]
ByteDance says 60% of its shares are owned by non-Chinese investors such as U.S investment firms Carlyle Group and Kohlberg Kravis Roberts and Japan's SoftBank Group. Employees own 20% and its ...