*ByteDance Archives - Page 3 of 10

ByteDance’s Content Aggregator Toutiao Adds E-Commerce Channel Linked to Douyin

An independent shopping channel has been set up within Toutiao, a content discovery platform owned by ByteDance. Users of the new service can purchase goods provided by Douyin's e-commerce business in the shopping channel by inputting keywords and placing an order.

TikTok Aims to Pass 1B Global Daily Active Users, to Start E-Commerce in Brazil

ByteDance's TikTok has set a goal to reach 1.05 billion daily active users (DAUs) globally by the end of 2022. The popular short video platform currently has more than 800 million DAUs.

Short Video Giants Douyin and Kuaishou Compete for Social Metaverse

Following the launch of virtual avatar "Douyin Zaizai," ByteDance's Douyin platform recently unveiled a new virtual space. Meanwhile, competing Chinese short video streaming platform Kuaishou is also developing a virtual avatar social networking layout.

ByteDance Shuts Down Social Product Feiliao’s Official Website

The official website of ByteDance-owned online social platform Feiliao has recently been shut down and download channels have been closed, although any official suspension announcement has yet to be made.

Douyin, OPPO, miHoYo and Others Invest in Unity’s Affiliate in China

Global game engine giant Unity's affiliate in China added several new shareholders, including subsidiaries of ByteDance’s Douyin, game developer miHoYo, smartphone maker OPPO, and multimedia service provider China Mobile.

ByteDance Starts Stock Option Buyback at $155 Per Share, 9% Higher Than Last Round

According to an internal ByteDance email on October 12, the company has started a new round of stock option buybacks at a price of $155 per share, which is about 9% higher than the previous round of buybacks.

ByteDance-backed PICO Recalls PICO 4 Packages

A number of users have reported recently that they have received a recall message from VR brand PICO, suggesting that the original portable bag should be sent back for replacement as it may wear or cause scratches on the device.

Parent Firm of DaaS Provider Bear Rental Cleared for Hong Kong IPO

Device as a service (DaaS) provider Bear Rental's parent company, LX Technology, passed a hearing for the Hong Kong Stock Exchange on October 7, with Haitong International Securities Group serving as the exclusive sponsor.

Look Into ByteDance’s Gaming Unit Nuverse

ByteDance's product launches are highly data dependent, with test results determining which features go live and algorithms determining which videos users see. When it comes to games, however, there are many more than just these factors.

TikTok’s Answer to BeReal Is Yet to Be Tested Beyond Now

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.

ByteDance’s VR Brand PICO to Release New Products

PICO, a VR brand acquired by ByteDance last year, announced on September 19 that it will hold a global new product launch event on September 22, as well as another launch event just for China on September 27.

Kuaishou Reorganizes Overseas Business, Sets up Commercialization Teams in Brazil and Indonesia

Chinese short video app Kuaishou's overseas business structure has been adjusted. A separate international commercialization department was set up within the division to boost revenue.

Douyin Denies Suspension of E-Commerce App Douyin Box

News emerged on September 7 that an independent e-commerce app called "Douyin Box," owned by ByteDance, will soon suspend operations, although Douyin has denied the news.

TikTok and WeChat Deny User Records Leakage

A recent poster on a hacker forum claims to have obtained TikTok's and WeChat's databases on Alibaba's cloud service platform, which together contain over 2.05 billion user records. However, Tencent, WeChat's parent company, and TikTok denied any security breach.