*ByteDance Archives - Page 4 of 10

ByteDance Confirms Independent Chip Development

On July 19, a spokesperson for ByteDance confirmed that the company is exploring chip designs for its own use in specialized areas, as it could not find a supplier capable of meeting its requirements.

ByteDance’s Toutiao Launches Information App

Toutiao, which belongs to Beijing-based tech giant ByteDance, has recently launched an app called "Toutiao Haowai," which can recommend high-quality content to users, and its target is young consumers.

ByteDance Invests in Cryo-EM and AI Biotech Startup Shuimu BioSciences

Beijing-based tech giant and TikTok owner ByteDance has recently ventured into the life sciences sector. Last October, the firm invested in biotech startup Shuimu BioSciences.

Douyin Begins to Explore New Food Delivery Model

Users of Douyin, the Chinese mainland version of TikTok, can now purchase combo meal delivery services from restaurants through the platform.

GMV of Douyin Local Life Business Tops $3.28 Billion

In the first half of this year, the gross merchandise volume (GMV) of Douyin's local life business reportedly totaled about 22 billion yuan ($3.28 billion).

TikTok to Launch New Warehousing Plan for UK Market

TikTok is preparing to launch a warehousing plan called "Aquaman" for its e-commerce business in the UK market in the near future.

Cross-border Service Provider OgCloud Secures Series A Funding

Recently, OgCloud, a brand providing services for enterprises going abroad, closed its first round of financing worth tens of millions of yuan, which was jointly invested by Plum Ventures and Guangzhou Science City Venture Capital Co., Ltd.

TikTok Moves US User Data to Oracle Servers

TikTok, a short video streaming platform owned by Beijing-based tech giant ByteDance, has completed migrating information on its US users to servers at Oracle Corporation, in a move that could address US regulatory concerns over data integrity.

ByteDance’s Douyin Tests “Autoplay Next Video” Function

Douyin, the Chinese mainland version of ByteDance's TikTok, is conducting limited testing for a new function of "automatically playing the next video," instead of replaying the current video content.

ByteDance Dissolves Shanghai Game Studio

TikTok’s owner ByteDance has disbanded its 101 Game Studio in Shanghai, letting about half of the 300-plus staffers go and offering internal transfers to the rest.

Hurun Releases List of Chinese Companies With Greatest Metaverse Potential

The Hurun Research Institute released on Tuesday a list of metaverse companies it believes show the most promise in 2022. The list is made up of the Top 200 Chinese enterprises with the greatest development potential in the field of the metaverse.

ByteDance Recruits SoC Design/Verification Engineers

Recently, ByteDance released a number of postings for internships on its school recruitment website in the area of SoC system development/design & verification. The positions will be mainly located in Beijing and Shanghai.

TikTok to Launch New Screen Time Management Function

TikTok announced on June 9 that throughout coming weeks, it will introduce a tool to help users control how much time they spend on the short video app in a single sitting by enabling regular screen time breaks.

Douyin and TikTok Garner $277M in May Revenue

Mobile app data analysis firm Sensor Tower released a report Thursday claiming that in May, TikTok and its sister app for mainland China, Douyin, earned more than $277 million from the App Store and Google Play.

ByteDance’s Douyin Tests New Novel Channel

ByteDance's Douyin has tested a functional channel called "Novel" on the homepage of its tablet app, allowing users to select e-books that can be read on the platform.

ByteDance’s Toutiao Develops E-Commerce Service With Douyin

ByteDance-owned news and content aggregation platform Toutiao has announced recently that its livestreaming section will be wholly upgraded and that its streaming services will be provided by Douyin, the Chinese mainland version of TikTok.

Douyin Releases Data Report on Protection of Minors

On Monday, ByteDance's short video app Douyin released a data report on the company's measures to protect minors. The report updates the company's progress in the promotion of a youth mode, content construction, platform governance and more.

ByteDance Raises Annual Goal of Local Life Services Business to 50B Yuan

ByteDance has raised the annual target of its local life services business to 50 billion yuan ($7.4 billion), which is higher than the target set at the end of last year.

TikTok to Begin LIVE Creator Subscriptions on Thursday

TikTok, a short video platform owned by Beijing-based ByteDance, will start testing subscriptions on Thursday for TikTok LIVE, a new program that will allow creators to generate recurring revenue via payments from their top fans.

ByteDance’s E-commerce Platform Fanno Denies Shutdown Rumors

Fanno, an independent e-commerce platform launched by ByteDance at the end of 2021, is rumored to be shutting down. However, a company spokesperson said that Fanno can still be used as usual.

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