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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.
[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]
ByteDance planned on Douyin expanding overseas. The founder of ByteDance, Zhang Yiming, stated that "China is home to only one-fifth of Internet users globally. If we don't expand on a global scale, we are bound to lose to peers eyeing the four-fifths. So, going global is a must." [32] ByteDance created TikTok as an overseas version of Douyin.
Ford made the remarks at an Axios-sponsored event in Davos, ... TikTok’s ultimate fate in America remains in doubt until a deal is made. It’s unclear that ByteDance would want to sell, even if ...
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
ByteDance, the parent company ... Son, who made his original fortune from a timely bet on Alibaba in the dot-com era, has previously spoken about his nonstop use of OpenAI's ChatGPT, ...
ByteDance Arthur Dantchik (born 1957) [ 1 ] is an American businessman and philanthropist who is a co-founder and the managing director of Susquehanna International Group , a Bala Cynwyd, Pennsylvania -based financial services firm founded in 1987.
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. TikTok has repeatedly said ...