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On Thursday morning, China's debt-ridden Smartisan Technology founder Luo Yonghao officially announced his exclusive partnership with Douyin, ByteDance's domestic version of TikTok.
ByteDance's CEO Liang Rubo recently updated his personal OKR, which shows that ByteDance is updating its recruitment plan according to business needs and will greatly reduce the numbes it needs throughout 2022-23.
In 2018, many Chinese tech companies expanded their overseas markets and showcased their efforts in going global.
Due to the large number of mobile users and short video’s virus spread on social media, short video industry is seeing booming growth in China.
Advertisement revenue for ByteDance's video-sharing app TikTok is likely to triple in 2022 to more than $11 billion, exceeding the combined sales of market rivals Twitter and Snap, according to research firm Insider Intelligence.
ByteDance announced it is setting up a data center in India, where its app TikTok has been under scrutiny for privacy violations and possibly facing a ban.
Chinese tech giant ByteDance has launched a round of layoffs covering about one-tenth of its employees, mainly affecting staff members focused on R&D, products and operations.
Douyin, the Chinese mainland version of TikTok, has recently been testing a new homepage layout that emphasizes the "Mall" function. The tests indicate that it is weighing the importance of e-commerce and social features.
TikTok’s parent company Bytedance is rumored to have invested 5 billion yuan ($771 million) in acquiring Chinese VR hardware maker Pico.
Viral Chinese short video sharing platform Kuaishou passed the listing hearing of the Hong Kong Exchanges and Clearing (HKEX) on the afternoon of Jan. 14, and the Tencent-backed company plans to publicly trade on HKEX on Feb. 5.
The 2022 social media landscape in a nutshell: Facebook trying hard to be Instagram, Instagram trying hard to be TikTok, and TikTok trying hard to be BeReal.
QuestMobile have recently released their semi-annual report on the short-video industry. 7.2 out of 10 mobile Internet users are using short-video products.