TikTok Archives - Page 3 of 13

TikTok and WeChat Deny User Records Leakage

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.

TikTok Parent ByteDance Says No Plans to Go Public

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.

Douyin E-Commerce Increases Investment in Online Mall and Brand Building

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.

Social Platform Developer WOMO Technology Exceeds 20M Yuan in Round-A Funds

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 E-commerce Business GMV Exceeds $1 Billion in H1

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 to Reduce 2022-23 Recruitment Plan

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.

ByteDance to Develop Chips for Its Own Video Recommendation Services

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.

TikTok Shrinks Global Business

People from ByteDance said that the short video sharing app TikTok is adjusting its global business.

ByteDance May Prepare to Develop Chips Independently

ByteDance, the owner of global hit short video app TikTok, is now looking to hire a large quantity of chip-related engineers.

Douyin and TikTok Garner $283M in June Revenue

Mobile application data analysis company Sensor Tower released a report on July 8 claiming that Douyin and its overseas version TikTok earned more than $283 million in June from the App Store and Google Play.

Musical.ly Co-Founder Louis Yang Quits ByteDance

Louis Yang, the first head of ByteDance Education Hardware Business, left the job last week.

TikTok to Launch New Warehousing Plan for UK Market

TikTok is preparing to launch a warehousing plan called "Aquaman" for its e-commerce business in the UK market in the near future.

ByteDance’s TikTok to Adjust EU User Rights

Regulatory bodies of the European Union said on Tuesday that TikTok, the globally popular short video sharing app owned by Beijing-based ByteDance, had agreed to adjust relevant consumer rights of local users in order to avoid sanctions.

TikTok Moves US User Data to Oracle Servers

TikTok, a short video streaming platform owned by Beijing-based tech giant ByteDance, has completed migrating information on its US users to servers at Oracle Corporation, in a move that could address US regulatory concerns over data integrity.

TikTok to Launch New Screen Time Management Function

TikTok announced on June 9 that throughout coming weeks, it will introduce a tool to help users control how much time they spend on the short video app in a single sitting by enabling regular screen time breaks.

Douyin and TikTok Garner $277M in May Revenue

Mobile app data analysis firm Sensor Tower released a report Thursday claiming that in May, TikTok and its sister app for mainland China, Douyin, earned more than $277 million from the App Store and Google Play.

TikTok to Begin LIVE Creator Subscriptions on Thursday

TikTok, a short video platform owned by Beijing-based ByteDance, will start testing subscriptions on Thursday for TikTok LIVE, a new program that will allow creators to generate recurring revenue via payments from their top fans.

Kuaishou Revamps Push Into Targeted Overseas Markets

Kuaishou has recently revamped its overseas business strategy, setting up targeted ventures in various regions including Southeast Asia and Latin America.

Sensor Tower: Douyin and TikTok Earned Over $296M in April

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.

ByteDance Launches Music Creation Tool “Sponge Band”

Beijing-based tech firm ByteDance has recently launched an app called "Sponge Band." This product will better serve users with music editing needs on Soda Music and Douyin.

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