On November 10, news that TikTok Shop will be launched in US was finally confirmed. In order to register for TikTok Shop in the US, merchants will need to use a domestic mobile phone number and email address, or an existing TikTok account. An invitation code is also required.
Meta announced 11,000 job cuts on November 9. Many affected individuals have since taken to TikTok to share their experiences and feelings of being laid off, and the ByteDance-owned short video platform has even begun to recruit a large number of them.
SHEIN, a cross-border fast fashion platform based in China, is piloting a model similar to Taobao in Brazil, whereby merchants set up stores directly on the site and are responsible for their own operations and logistics.
Following prior moves in the UK and Indonesia, ByteDance's TikTok is preparing to explore the Spanish e-commerce market, while several US merchants have participated in small-scale tests of TikTok's domestic online shopping platform.
It was reported that at about 17:31 on October 18, the global daily active users (DAU) of TikTok, a world-famous short video sharing app under ByteDance, exceeded 1 billion. Company insiders later responded that the news was untrue.
ByteDance's TikTok has set a goal to reach 1.05 billion daily active users (DAUs) globally by the end of 2022. The popular short video platform currently has more than 800 million DAUs.
ByteDance subsidiary Douyin Group launched a new logo on October 12, and its account avatars on Douyin, TikTok's sister app for mainland China, and on its official WeChat account have been replaced with new ones.
TikTok parent company ByteDance reportedly achieved revenue of $61.7 billion in 2021, an increase of 80% year-on-year. Meanwhile, net losses reached an astonishing $84.9 billion.
ByteDance, the Beijing-based parent company of TikTok, has recently launched a new fast-fashion retail platform named "If Yooou." It currently covers European countries such as the UK, France, Germany, Italy and Spain.
The 2022 social media landscape in a nutshell: Facebook trying hard to be Instagram, Instagram trying hard to be TikTok, and TikTok trying hard to be BeReal.
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.
A recent poster on a hacker forum claims to have obtained TikTok's and WeChat's databases on Alibaba's cloud service platform, which together contain over 2.05 billion user records. However, Tencent, WeChat's parent company, and TikTok denied any security breach.
On August 31, Beijing-based tech company ByteDance held an All Hands staff meeting event. During the more than one-hour event, management responded to many problems and challenges facing ByteDance at present.
TikTok's Chinese version, Douyin, has decided to adjust its e-commerce business. In the future, Douyin E-Commerce will focus on online shopping malls and brands.
WOMO Technology, a Gen Z-oriented social platform based on AI two-way matching, has received over 20 million yuan ($2.97 million) in round-A financing.
TikTok's gross merchandise volume (GMV) for its e-commerce business in the first half of 2022 exceeded $1 billion, which is equivalent to the full-year volume the platform saw in 2021.
ByteDance's CEO Liang Rubo recently updated his personal OKR, which shows that ByteDance is updating its recruitment plan according to business needs and will greatly reduce the numbes it needs throughout 2022-23.
Yang Zhenyuan, Vice President at ByteDance, said that the company has no general-purpose chip plan and is not involved in businesses such as the manufacturing of CPUs and GPUs.
People from ByteDance said that the short video sharing app TikTok is adjusting its global business.
ByteDance, the owner of global hit short video app TikTok, is now looking to hire a large quantity of chip-related engineers.