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In September 2015, ByteDance launched its video-sharing app TikTok (known as Douyin in China) with little fanfare. The product was an instant hit with millennials and became popular worldwide. ByteDance bought Musical.ly a year later for US$800 million and integrated it into TikTok.
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.
Zhang Yiming has built a $49.3 billion fortune since cofounding ByteDance, the Chinese tech giant behind TikTok.. Zhang is highly private and little is publicly known about his personal life. He ...
In April 2024, TikTok users started receiving notifications that their current and future picture posts would be shown on a new app called TikTok Notes. The app is not released yet; however, TikTok confirmed it is being worked on. TikTok Notes will be a direct competitor to Instagram for photo sharing.
ByteDance, which also owns news platform Toutiao and TikTok’s Chinese sister app Douyin, is estimated to have a valuation topping $225 billion, having brought in $110 billion in revenue last year.
A ban on TikTok in the United States could go into effect on Sunday, Jan. 19, if Beijing-based parent company ByteDance doesn't sell the video-sharing app's U.S. assets.
Susquehanna first invested in ByteDance in 2012, long before the company created TikTok and then merged it with a short-form video app called “Musical.ly” in 2018. When the app exploded in ...
For premium support please call: 800-290-4726 more ways to ... Donaldson said he had just gotten out of a meeting with "a bunch of billionaires" about buying the app. "TikTok, we mean business ...