TikTok Archives - Page 2 of 13

TikTok CEO Grilled by US Lawmakers

The United States Congress recently held a hearing on TikTok after a three-year hiatus, revisiting concerns over the app's ownership by ByteDance and the possibility of separating it from the Chinese parent company or outright banning it in the US.

China Responds to ByteDance Share Sale Requirements By US

At a regular press conference on March 16, China's Foreign Ministry Spokesperson Wang Wenbin responded to a question about TikTok.

ByteDance’s Video Editor CapCut With 200M MAU Targets High Earnings

CapCut, a video editor owned by Chinese tech giant ByteDance and lesser known compared to TikTok, has obtained 200 million monthly active users (MAUs). It is now exploring commercialization.

ByteDance Extends Business Review Cycle from Two Months to A Quarter

On the morning of February 17, Liang Rubo, CEO of Beijing-based internet technology company ByteDance, sent an internal letter to all employees, saying that he would adjust the cycle of setting and reviewing of performance targets from bimonthly to quarterly.

Douyin’s Content Product Manager Zhi Ying Transferred to TikTok

Zhi Ying, vice president and head of content products of Douyin and Xigua Video, has been transferred to TikTok, Douyin's sister app. She will be responsible for TikTok's products, content ecology and other businesses.

ByteDance Launches Douyin Chat as Firm’s Exploration of Social Media Continues

ByteDance's Douyin, a short video app that is the counterpart of TikTok for mainland China, recently launched desktop software on its official website called "Douyin Chat," providing service for Windows and Mac clients.

ByteDance Initiates Layoffs for 10% of Staff

Chinese tech giant ByteDance has launched a round of layoffs covering about one-tenth of its employees, mainly affecting staff members focused on R&D, products and operations.

ByteDance’s TikTok Appoints New Division Head Transferred From Toutiao

The e-commerce arm of ByteDance-owned TikTok will see Kevin Chen, the current the head of news aggregator Toutiao, lead its product and data science division.

ByteDance to Continue Making Structural Adjustments

Liang Rubo, CEO of Chinese internet technology company ByteDance, said at the All-Hands employee meeting held on December 14 that the company would continue to make structural and personnel adjustments, which will be mild.

ByteDance’s TikTok Shop Officially Launched in US

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.

TikTok Is Recruiting Laid-Off Meta Employees

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 Pilots Taobao Model in Brazil

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.

TikTok to Expand E-Commerce Business to US and Spain

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.

Insiders Deny ByteDance’s TikTok Has Reached 1B Worldwide Daily Active Users

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.

TikTok Aims to Pass 1B Global Daily Active Users, to Start E-Commerce in Brazil

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’s Douyin Group Launches New Logo

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.

Report: ByteDance Did Not Lose $84.9B in 2021 as Claimed

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 Launches Women’s Fashion Retail Platform “If Yooou”

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.

TikTok’s Answer to BeReal Is Yet to Be Tested Beyond Now

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.

Kuaishou Reorganizes Overseas Business, Sets up Commercialization Teams in Brazil and Indonesia

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.

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