Caijing’s Late Post reported that ByteDance, the world’s most valuable startup, is looking to begin developing mobile games.
The rapid technology development has greatly impacted people’s lives. Not only has it changed how people shop, pay, or date, it has also changed how people learn. Online education has come to the forefront in recent years.
On June 6, sports community platform Hupu officially confirmed that it obtained 1.26 billion yuan ($182 million) from Bytedance in the pre-IPO round. This gives Bytedance a 30% stake in Hupu.
Just over a month ago news surfaced that TikTok’s music licenses were expiring, which could put the company in a complicated situation.
TikTok users in India can breathe a sigh of relief as the temporary ban on the app downloads gets lifted, making the app available for download again.
If someone hasn’t downloaded TikTok, the viral video-sharing app by the Chinese company ByteDance, from the Indian app store, he might not be able to ever use the app.
On Apr. 18, Time released its list of the 100 most influential people in 2019. Apart from entertainment celebrities like Taylor Swift and Ariana Grande, the list also brings with it big guns from China’s tech industry including Ren Zhengfei, founder of Huawei, Zhang Yiming, CEO of Bytedance and He Jiankui, the initiator of the world-renowned gene-editing surgery.
India has become the world’s fastest-growing mobile application market over the past few years. With more than 1.3 billion potential consumers, the Indian app market is attracting lots of attention as a huge opportunity for app growth. Thus, Chinese apps such as TikTok, Helo, LIVE, UC Browser, backed by China’s tech giants, have managed to gain popularity in India.
The competition is heating up between Chinese tech giants Tencent, owner of WeChat, and the world’s most valuable startup ByteDance, the company behind TikTok.
Ninety-four Chinese entities have reached unicorn status, led by ByteDance, the world’s most valuable private company valued at $75 billion.
On February 28, the video social networking app Musical.ly, now known as TikTok, was fined $5.7 million by the Federal Trade Commission (FTC) for illegally collecting personal information from children under the age of 13.
American news feed website Reddit received $300 million in total in a new round of financing. Chinese tech giant Tencent is the lead investor, contributing half of the total financing.