Showing 12 of 222 posts with this tag
Between January 31 and February 6, the sales volume of goods sold on Douyin e-commerce platform increased by 119% compared with the same period last year.
Football fans in China previously watched the World Cup only through traditional television channels like CCTV or online video streaming platforms such as Youku, but during this year's edition, ByteDance's Douyin became the first short video platform in the country to obtain live broadcasting rights for the competition.
![[Exclusive] Zhang Yiming’s Full Internal Letter: ByteDance 'Understands' US Decision, Still Aspires to Become Transformative Global Company](https://assets.pandaily.com/uploads/2020/08/zhangyiming.jpg)
On August 3, at 12:40 PM, Beijing local time, ByteDance founder Zhang Yiming sent out an all-staff letter in response to the potential sale of TikTok’s US operations.
TikTok parent company ByteDance reportedly achieved revenue of $61.7 billion in 2021, an increase of 80% year-on-year. Meanwhile, net losses reached an astonishing $84.9 billion.
ByteDance's AI assistant Doubao has now launched image recognition feature, which can identify the content of uploaded images.
The popular lifestyle app Lemon8, launched by the Chinese social media giant ByteDance four years ago, is gaining increasing popularity in the United States.
Insider sources report that Tencent has taken over certain gaming operations previously cut by ByteDance.
ByteDance is reportedly seeking a loan of $9.5 billion, poised to be the largest dollar-denominated corporate loan in Asia, excluding Japan.
After launching an in-house tea brand called "Taoyuan Yuye" last year, TikTok owner ByteDance now plans to team up for a new food and beverage business.
In its announcement, Universal Music accused TikTok of "trying to build a music-based business without paying a reasonable price for the music."
TikTok and its Chinese version of Douyin have earned more than $102 million in the global App Store and Google Play.
In late January, ByteDance officially established a research project codenamed "Seed Edge", with the core goal of conducting more long-term and fundamental cutting-edge research on AGI beyond pre-training and large model iterations.