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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.
It later expanded to include web and desktop versions for Mac and Windows. [2] In 2022, CapCut reached 200 million active users. [4] According to The Wall Street Journal, in March 2023, it was the second-most downloaded app in the U.S., behind that of Chinese discount retailer Temu.
TikTok, whose mainland Chinese and Hong Kong [3] counterpart is Douyin, [a] [4] is a Chinese 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]
TikTok is expected to be removed from US app stores by Google’s parent company, Alphabet, and Apple following a ban, so the app won’t have updates or be available for download.
On November 6, TikTok announced that it will sunset the $2 billion Creator Fund, which was established in 2020 to pay creators on the platform for viral videos.
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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).