According to CNBC, in the first half of 2019, ByteDance generated more digital ad revenue than both Tencent and Baidu, with only Alibaba generating more.
ByteDance is in talks with major music labels to launch its own music streaming service, in an effort to go head-to-head with similar services such as Apple Music and Spotify.
To compete with Chinese short-video app TikTok, Instagram is launching a video-music remix feature, dubbed Reels, which enables users to create 15-second video clips set to music and share them as Stories.
Episode 55 of TechBuzz China is about a company we have admittedly relegated to a “supporting role” thus far here on TechBuzz: Kuaishou.
TikTok confirmed on November 4 that it would not send a representative to testify before a Senate panel slated to examine the internet company’s ties to the Chinese government.
ByteDance’s international short video application, TikTok, launched an education program in India, one of its largest markets.
Beijing Bytedance Technology launched an educational initiative for entrepreneurs on company internal exploration.
Short video app TikTok has opened an office in close proximity to Facebook’s headquarters in Silicon Valley and has begun poaching Facebook employees
On Dec. 22nd, WeChat launched its IOS 7.0 version on Apple App Store. WeChat is like Facebook, What’sApp, Apple Pay and Uber all in one.