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In August 2012, ByteDance launched the first version of news and content platform Toutiao (头条, lit. "headlines"), which would become their core product. [15] In January 2013, in an attempt for commercialism and nationalism, a four-part plan for the future was presented to executives. Part four of the plan was to build an English version of ...
The global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.
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]
Other platforms tried to emulate the app. Meta, Facebook’s parent company, launched its own version of TikTok, Reels, in 2020. So did Snap Inc., parent company to Snapchat .
ByteDance, whose global revenue grew 30% last year to $110 billion, has been facing a legal battle over its U.S. assets. A law signed by U.S. President Joe Biden on April 24, gives ByteDance until ...
Shanghai Moonton Technology Co. Ltd. (Chinese: 上海沐瞳科技有限公司; pinyin: Shànghǎi mù tóng kējì yǒuxiàn gōngsī), commonly known as Moonton, is a Chinese multinational video game developer and publisher owned by the Nuverse subsidiary of ByteDance and based in Shanghai, China.
McCourt’s company, McCourt Global, led MeWe’s Series A in 2022 with a $15 million investment. Only about one million of MeWe’s users currently use McCourt’s privacy-forward version of the app.
[1] [2] On November 4, 2021, Zhang stepped down as CEO of ByteDance, [3] completing a leadership handover announced in May 2021. [4] According to Reuters, Zhang maintains over 50 percent of ByteDance's voting rights. [5] The surging global popularity of TikTok made Zhang the richest man in China in 2024. [6]