Ninety-four Chinese entities have reached unicorn status, led by ByteDance, the world’s most valuable private company valued at $75 billion.
According to insiders from tech startup Smartisan, some employees have been informed to re-sign their labor contracts with Bytedance, the parent company of Toutiao, which points to that Smartisan is under acquisition negotiations with Bytedance.
In episode 35 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about WeChat competitors. Specifically, they focus on three apps that all decided to launch on Tuesday, January 15, 2019: Bytedance’s Duoshan, Wang Xin’s self-proclaimed “anti-WeChat” Toilet, and Bullet Messenger 2.0.
China’s tech unicorn ByteDance, today announced the launch of Duoshan, a video-based social messaging app in Beijing.
2018 has been a turbulent year for tech companies across China. The trade war tension between the US and China has been unsettling for their businesses and long time American trade partners.
ByteDance, a Chinese Internet company operating a range of content platforms, and The National Basketball Association (NBA) announced a multi-year global partnership on social sharing.
Here is this week’s roundup of China tech stories.
Zhang Yiming stepped down as the CEO of his company’s flagship platform Jinri Toutiao, a news aggregator, but kept his title as CEO of the parent company ByteDance.
In Ep. 28 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about the Chinese AI company that recently toppled Uber to become the highest-valued startup in the world: Bytedance.
Beijing Bytedance Technology Co., the parent company of China’s news platform Toutiao and short video app TikTok, has closed its pre-IPO raising with about $4 billion, according to 36Kr. With an estimated valuation of $75 billion, it has become the rage in the market.
Please check out the hot new trending topics in China last week:
Heads of two giant tech companies met in Beijing.
U.S. chipmaker Intel and Chinese Internet group Bytedance launched their joint AI lab on August 22 in Beijing, aiming to leverage both strengths to promote AI innovation.
China’s Beijing Bytedance Technology Co. announced on August 1 that it is shutting down the popular musical.ly video app and merge this short video platform into its other platform, TikTok. The two will merge as one upgraded app under the name of TikTok.
Earlier this month, Tencent sued Bytedance, better known as Toutiao, for 1 RMB and Toutiao fought back by suing Tencent for 90 million RMB. What sparked the feud between the David and Goliath of the Chinese tech world? Listen to this week’s episode of TechBuzz China by Pandaily to find out!