∗Bytedance Archives - Page 3 of 10

Source Code Capital, ByteDance and Meituan Shareholder, Raises RMB Fund Worth $1.1 Billion

Source Code Capital, a Chinese venture capital firm, announced on Monday that it had completed its fifth RMB-denominated fund at over 7 billion yuan (almost $1.1 billion), taking just over three months.

Wang Changhu, Head of Vision Technology and Former Director of AI Lab at ByteDance, Leaves Post

Tech Planet reported on Monday that Wang Changhu, the head of Vision Technology at ByteDance, has recently left his post at the firm.

ByteDance Affiliate Invests in Property Brokerage

On October 4th, 2021, according to Tianyancha App, Beijing Fuwang Property Brokerage Co., Ltd., had made a registration change with the Industrial and Commercial Administration.

TikTok Claims Worldwide Monthly Active Users Now Exceed 1 Billion

Short video sharing platform TikTok announced on Monday that its monthly active users worldwide have exceeded 1 billion, indicating that the app is still growing steadily.

ByteDance Expands Cloud Business to Automobiles

ByteDance has recently launched its own automobile cloud business and begun to scout staff from Amazon Cloud and JD Cloud for the project.

ByteDance Launches Short Video App for Children’s Education

ByteDance recently launched an App called "Xiaoquxing", which will mimic some of the features of its popular APP for adults, including hosting short video content, but the APP will be specially designed for children.

Chinese Version of TikTok Limits Use of Service by Children Under 14 to 40 Minutes Per Day

Douyin, the Chinese version of TikTok, announced that all verified users under the age of 14 will now have access to the app in “kid mode.” They will be able to work with the application for no more than 40 minutes a day.

Douyin Tests Food Delivery Function, Which is Different from Meituan

Short video platform Douyin, Chinese version of TikTok, is now testing a food delivery function “Xindong Waimai” and has put it into limited operation.

ByteDance to Launch Music App Feile Later This Year

TikTok's parent company ByteDance plans to release a music streaming product for the domestic market later this year. The product is tentatively named Feile, and internally referred to as Luna.

Chinese Tech Companies Asked to Stop Blocking Access to Others’ Website Links

The Ministry of Industry and Information Technology (MIIT) held an administrative guidance meeting on September 9th and proposed standards for instant messaging services.

ByteDance Employees Receive First Salary Since Cancellation of ‘Big/Small Week’ Work Schedule, Pay Drops 17% on Average

ByteDance employees in China have received their salary for last month on August 31, after the "Big/Small Week" overtime working schedule was discontinued by the company.

VR Headset Maker Pico Confirms Acquisition by ByteDance

Leading Chinese VR hardware manufacturer Pico sent an all-staff letter on Sunday, revealing that the company was to be acquired by Internet giant ByteDance.

Tech Tycoons Embrace Philanthropy as China Pushes for “Common Prosperity”

Pinduoduo pledged to donate all of its net profit since going public and future earnings to support the country’s farmers and agriculture area until it’s given away a total of 10 billion yuan.

AI Computer Chip Startup Pingxin Technology Receives $10 Million in Pre-A Financing Round

Beijing-based artificial intelligence (AI) computer chip startup Pingxin Technology has completed a pre-A round of financing, amid a global push to enhance chip technology and an ongoing semiconductor shortage.

Tencent Video Sues Bytedance’s Douyin for Copyright Infringement

Tencent Video is taking Douyin, the Chinese version of TikTok, to court for allowing its users to upload clips from the internet giant’s hit TV series Crime Crackdown and airing them without authorization. The court accepted the case on Tuesday.

Bytedance Denies Setting up Private Equity Funds

That Tianjin Bytedance Management Consulting Co., Ltd. was officially renamed led to a hot debate in the venture capital community. Bytedance responded on Monday night that currently it had no plan to set up a private equity fund.

TikTok Shop Currently Under Testing in the UK, Aiming to Increase In-App Transactions

TikTok Shop, an e-commerce marketplace which is currently being tested in the UK, will allow creators and online merchants to sell their products and services directly to users through the TikTok app.

ByteDance’s Dali Education and Gaotu to Layoff Employees Under Pressure of Double Reduction Policy

With the implementation of the so-called "double reduction" policy, ByteDance's Dali Education and Gaotu to layoff employees. Bytedance did not confirm this report.

ByteDance AI Lab Director Confirms Resignation; Scientists Leave the Business Tower for the Ivory Tower

Recently, ByteDance has had a change up of personnel. Li Lei, ByteDance's AI Lab director, left his post and joined the University of California, Santa Barbara (UCSB) as an assistant professor.

Douyin Launches New Features in Push to Accelerate Growth

Douyin, the Chinese mainland version of TikTok, has recently launched two new functions, namely Yao Yi Yao and "learning" for acquiring knowledge about the video creation process.

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