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Short video sharing platform TikTok, which is owned by Beijing-based technology firm ByteDance, announced on Monday that it will expand the maximum length for uploads to 10 minutes.
In order to enhance its global influence, the organizing committee of the Cannes Film Festival has chosen to cooperate with TikTok, providing users of the popular app with exclusive backstage, red-carpet interviews with filmmakers.
TikTok, the international version of Douyin, a short-video app developed by ByteDance, generated $176.9 million in revenue in 2019, growing fivefold since 2018.
TikTok, a short video app owned by ByteDance, released a new contextual advertising solution called "TikTok Pulse" on Wednesday, which allows marketers to place their brands next to the platform's most engaging content.
Sensor Tower released a report on Tuesday morning claiming that in April 2022, Douyin and its non-Chinese version TikTok earned more than $296 million from the App Store and Google Play.
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.
Kuaishou, the leading rival of TikTok's Chinese mainland version, Douyin, announced an organizational restructuring involving multiple departments, and has set up a new management committee.
A Chinese government-backed organization has asked Kuaishou to take down 10,000 videos due to infringement of music copyrights, days before the company’s IPO in Hong Kong.
Users spent approximately $2.3 billion last year on ByteDance's popular video-sharing app TikTok, according to data published on January 13 by Sensor Tower.
In episode 67 of Tech Buzz China, hosts Rui Ma and Ying-Ying Lu discuss the ByteDance family of video apps outside of TikTok, including Xigua, Huoshan, and Pipixia.
ByteDance’s international short video application, TikTok, launched an education program in India, one of its largest markets.
Chinese short video platform and TikTok rival Kuaishou announced on January 17 that Chen Dingjia will resign as chief technology officer, as he plans to devote more time to his family and personal affairs.