Bytedance is gradually shutting down TopBuzz, a content aggregator and news app that launched in overseas markets in 2015.
CCTV recently uncovered links leading to false advertisements on Toutiao, a Beijing-based news-reading platform.
At the Toutiao sixth annual meeting on March 9, its founder and CEO Yiming Zhang talked about corporate social responsibility for the first time, noting "integrity", "responsibility" and "win-win cooperation”. Zhang also announced that keyword for Toutiao in 2018 is globalization, looking to become a platform for global creation and exchange.
“I regret not having entered into China’s market earlier. Now, I can hear vibrating sounds everywhere making me uncomfortable,” said Louis Yang, founder of Musical.ly, a social network with short-form videos, on October 10 at the GGV Evolving Lifestyle Conference.