ByteDance

Zijie Tiaodong
Zijie Tiaodong
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ByteDance Ltd.
	Headquarters at Building 2, Dazhongsi Square (also known as 1733 Commercial Space), Beijing
Native name	字节跳动有限公司
Formerly	Beijing ByteDance Technology Co., Ltd. (2012-2018) ; Douyin Group (HK) Ltd. (2018–2022)
Industry	Internet
Founded	13 March 2012; 13 years ago
Founder(s)s	Zhang Yiming; Liang Rubo;
Headquarters	Haidian, Beijing, China (operational); Cayman Islands (legal);
Area served	Worldwide
Key people	Zhang Yiming (founder & chairman); Liang Rubo (founder & CEO); Erich Andersen (global GC); Kelly Zhang (CEO of ByteDance China); Lidong Zhang (chairman of ByteDance China); Shou Zi Chew (CEO of TikTok);
Products	Toutiao; TikTok; TikTok Music; BuzzVideo; CapCut; Lark; Baike.com; PICO; Lemon8; Whee;
Revenue	US$120 billion (2023)
Operating income	US$2 billion (2022)
Owner	Zhang Yiming ; Sequoia Capital ; SoftBank Group ; Kohlberg Kravis Roberts
Number of employees	c. 150,000 (2023)
Subsidiaries	Moonton; Nuverse;
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ByteDance Ltd. is a prominent Chinese internet technology company, headquartered in Haidian, Beijing, and incorporated in the Cayman Islands. The company was founded in 2012 by Zhang Yiming, Liang Rubo, and a team of collaborators.

ByteDance is best known for developing the video-sharing applications TikTok and its Chinese counterpart Douyin. Additionally, the company has created the news aggregation platform Toutiao and the video-editing application CapCut, which have gained significant popularity.

However, ByteDance has faced considerable regulatory scrutiny and media attention across various countries due to concerns related to security, surveillance, and censorship. These issues have sparked debates over data privacy, content moderation, and the implications of foreign technology companies operating in different jurisdictions.

Products

References

↑ ^1.0 ^1.1 McDonald, Joe; Soo, Zen (24 March 2023). "Why does US see Chinese-owned TikTok as a security threat?". Associated Press. Archived from the original on 3 October 2023. Retrieved 3 October 2023.
↑ Clark, Dan (24 January 2020). "Microsoft In-House Attorney to Serve as TikTok's First Global General Counsel". Corporate Counsel. Archived from the original on 9 October 2020. Retrieved 5 October 2020.
↑ ^3.0 ^3.1 Jimenez, Miriam (3 December 2020). "ByteDance names China CEO, chairman; launches music app in Indonesia". S&P Global. Archived from the original on 7 September 2021. Retrieved 23 September 2021.
↑ Scheer, Olga; Natzel, Leonie Tabea (24 April 2024). "Tiktok wendet EU-Strafe vorerst ab – USA setzen Ultimatum". Handelsblatt. Retrieved 25 April 2024.
↑ Rodriguez, Salvador; Wells, Georgia (2 October 2023). "TikTok Parent ByteDance Turns Operating Profit, Sees Revenue Slow". The Wall Street Journal. Archived from the original on 2 October 2023. Retrieved 3 October 2023.
↑ "Revenue at TikTok Owner ByteDance Rose More Than 30% in 2022, Topped $80 Billion". The Information. 1 April 2023. Archived from the original on 1 April 2023. Retrieved 1 April 2023.

[apnews-mcdonald-1] 1.0 ^1.1 McDonald, Joe; Soo, Zen (24 March 2023). "Why does US see Chinese-owned TikTok as a security threat?". Associated Press. Archived from the original on 3 October 2023. Retrieved 3 October 2023.

[2] Clark, Dan (24 January 2020). "Microsoft In-House Attorney to Serve as TikTok's First Global General Counsel". Corporate Counsel. Archived from the original on 9 October 2020. Retrieved 5 October 2020.

[spglobal-3] 3.0 ^3.1 Jimenez, Miriam (3 December 2020). "ByteDance names China CEO, chairman; launches music app in Indonesia". S&P Global. Archived from the original on 7 September 2021. Retrieved 23 September 2021.

[Handelsblatt-4] Scheer, Olga; Natzel, Leonie Tabea (24 April 2024). "Tiktok wendet EU-Strafe vorerst ab – USA setzen Ultimatum". Handelsblatt. Retrieved 25 April 2024.

[wsj-rodriguez-5] Rodriguez, Salvador; Wells, Georgia (2 October 2023). "TikTok Parent ByteDance Turns Operating Profit, Sees Revenue Slow". The Wall Street Journal. Archived from the original on 2 October 2023. Retrieved 3 October 2023.

[6] "Revenue at TikTok Owner ByteDance Rose More Than 30% in 2022, Topped $80 Billion". The Information. 1 April 2023. Archived from the original on 1 April 2023. Retrieved 1 April 2023.

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