According to CNBC, in the first half of 2019, ByteDance generated more digital ad revenue than both Tencent and Baidu, with only Alibaba generating more.
ByteDance is in talks with major music labels to launch its own music streaming service, in an effort to go head-to-head with similar services such as Apple Music and Spotify.
To compete with Chinese short-video app TikTok, Instagram is launching a video-music remix feature, dubbed Reels, which enables users to create 15-second video clips set to music and share them as Stories.
TikTok confirmed on November 4 that it would not send a representative to testify before a Senate panel slated to examine the internet company’s ties to the Chinese government.
ByteDace saw a personnel reshuffle with Zhang Nan taking charge of Douyin, and Alex Zhu taking over the app’s international version TikTok, while reporting directly to the CEO of ByteDance, Zhang Yiming.
Chinese audio content platform Lizhi has recently submitted its IPO prospectus to the SEC, and is seeking to raise funds in the region of $100 million.
US republican senator for Florida, Marco Rubio, announced on October 9 that he was preparing to request the Committee on Foreign Investment to investigate the 2017 acquisition of the video app Musical.ly by ByteDance.
National Football League (NFL) and Chinese short video platform TikTok, announced today a new multi-year partnership to bring NFL’s exciting experience to TikTok's global community.
Chinese social media giant ByteDance injected millions of dollars into Baike.com to enrich its sea of searchable content on its recently released Toutiao search engine.
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.
