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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.
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
As a China-based company, ByteDance is subject to a myriad of national intelligence, data security and cybersecurity laws. In 2018, China amended its National Intelligence Law, which requires any ...
The supremely popular TikTok could be banned on Jan. 19 under a federal law that forces the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its ...
Zhang's management style with ByteDance was modeled on US tech companies such as Google and included bimonthly town hall meetings and discouraging employees from calling him "boss" or "CEO", as is the Chinese convention. [14] In September 2015, ByteDance launched its video-sharing app TikTok (known as Douyin in China) with little fanfare.
The company is also working around the export ban by increasing computing capacity outside China. ByteDance is the biggest buyer of Nvidia's AI chips inside China as the TikTok owner seeks to ...
TikTok will disappear from Apple and Android app stores on Sunday unless its Chinese parent company, ByteDance, either sells the app to an approved buyer or convinces the US Supreme Court to delay ...
According to more than ten former employees, TikTok retained data-sharing ties to its Chinese parent, ByteDance—despite the company’s assertions to the contrary.