The New York-based investment group began buying ByteDance’s shares when the Chinese unicorn was valued at $37.5 billion and has since increased its investment through share purchases in secondary markets. Read More
TikTok owner Bytedance announced Thursday a major leadership reshuffle with company founder and CEO Zhang Yiming shifting to take charge of the company’s overseas business. Read More
With 104.7 million downloads, TikTok became the world’s most downloaded social media app in January. The figure represented a 46% increase compared to the same month last year. Read More
Chinese movie theaters complained when the film’s producers inked a deal with TikTok owner ByteDance, but the agreement isn’t likely to pose a threat. Read More
Bytedance, creator of viral short video apps Douyin and TikTok as well as news aggregation app Toutiao, is continuing to take ad revenue share from China’s top tech firms Baidu, Alibaba, and Tencent. Read More
App Annie told Caixin that the explosion in downloads of the Jinri Toutiao and Xigua Video in January stemmed from a “stay-at-home” advisory issued by the government due to the coronavirus outbreak and the premiere of 'Lost in Russia' on the two platforms. Read More
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