ByteDance Ramps Up Investment in Free Novel Business
TikTok parent company ByteDance recently relaunched a free reading app called "Hongguo Novel." It is positioned as an app focusing on free novels and audiobooks.
12/23/20223 min read
Tag: #Bytedance
Showing 12 of 218 posts with this tag
ByteDance Refutes Offering $1.4M Annual Salary to Poach OpenAI Talent
It was reported that ByteDance, TikTok's parent company, offered an annual salary of $1.4 million to poach talent of the ChatGPT R&D team from OpenAI.
4/24/20232 min read
E-Commerce Services Firm Mediabook Secures Nearly 100M Yuan in New Funds
Mediabook, a Shanghai-based e-commerce service provider, has continuously completed A and A+ rounds of financing totaling nearly 100 million yuan ($15.7 million).
2/16/20222 min read
ByteDance in Talks to Acquire Ele.me, Acquisition Denied by Ele.me
ByteDance is reportedly negotiating to acquire Alibaba's food delivery platform Ele.me. Ele.me denied the "rumor" on Monday.
2023 Hurun Global Unicorn List: ByteDance, Shein and Ant Group Among the Top
On April 18th, the Hurun Research Institute published the "2023 Global Unicorn List," which includes non-public companies founded after 2000 and valued at over $1 billion. The valuation calculation for this list was based on data from the end of 2022.
4/19/20233 min read
ByteDance Cuts Project Team of Social Metaverse Product Party Island
In order to reduce costs and increase efficiency, ByteDance had cut the project team for social metaverse app Party Island, and that relevant staff had returned to their original teams.
10/17/20222 min read
Douyin's Food Delivery Service Begins to Take Shape
More details have emerged about “Xindong Waimai,” an on-demand food delivery service currently being developed by Douyin owned and operated by Beijing-based tech firm Bytedance.
8/11/20213 min read
Autonomous Driving Firm Autra Tech Partners With ByteDance's Volcano Engine
Volcano Engine, a cloud services platform owned by ByteDance, reached a formal cooperation agreement on August 31 with Autra Tech, a leading logistics enterprise for autonomous driving trunk lines.
9/1/20222 min read
Intel and Bytedance Join Hands to Build an AI lab
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 i...
8/23/20182 min read
TikTok to Offer Cash Awards for Promotion of Live Shopping in US
The popular video-sharing app TikTok has launched a shopping partner incentive measure called "Apollo," encouraging live shopping via the platform in the US.
2/8/20222 min read
Ant Group Tops Hurun Global Unicorn List 2020, Followed by ByteDance, DiDi Chuxing
Chinese TechFin company Ant Group topped the Hurun Global Unicorn Index of 2020 with a valuation of 1 trillion yuan ($150 billion), according to Hurun Research Institute’s ranking of the world’s unicorns.
8/4/20203 min read
Douyin Launches In-app Ride-Hailing Service
The official launch of Douyin's ride-hailing service indicates that ride-hailing services will complement Douyin's existing businesses such as dining, entertainment, and travel, enhancing Douyin's commercial ecosystem.