ByteDance
Total 23 Posts
ByteDance is a Beijing-based Chinese Internet technology company founded in March 2012 by Zhang Yiming. It is known for operating a group of machine-learning-enabled social media platform, such as TikTok, Helo, Vigo Video, Douyin (the Chinese version of TikTok), BaBe, and Huoshan. As of May 2020, ByteDance is reportedly worth $100 billion. ByteDance is a direct competitor to other Chinese giants, including Alibaba, Baidu, and Tencent.
Revolutionizing AI: ByteDance's Breakthrough in Model Training Efficiency
In the rapidly advancing world of technology, ByteDance has emerged as a pioneer with its latest AI technology. This new development is set to revolutionize how model training is perceived and executed, bringing forth unprecedented efficiency and capability.
A Technological Marvel
ByteDance, known for its innovative edge, claims that the
Discover ByteDance's App Empire in the US: More Than Just TikTok!
When you hear the name ByteDance, TikTok might instantly spring to mind. Yet, this Chinese tech titan has a more substantial foothold in the United States than you might realize. From creative video platforms to financial management solutions, ByteDance’s array of applications is as diverse as it is innovative.
ByteDance Chooses Shutdown Over Sale for TikTok in the U.S. Amid Legal Challenges
According to sources familiar with the matter, ByteDance is not considering the sale of TikTok because the algorithms central to the app's operation are deemed integral to the company’s global strategy.
U.S. House Passes Bill That Could Ban TikTok Over National Security Concerns
This legislation, known as "Protecting Americans from Foreign Adversary Controlled Applications Act," aims to safeguard American citizens from apps influenced by adversarial nations.
TikTok Will Pay $92 Million to Settle U.S. Data Privacy Lawsuits
ByteDance, the owner of TikTok, has agreed to pay $92 million in a class action settlement in the U.S. state of Illinois. The money will be distributed among about 20 plaintiffs. The terms of the deal are yet to be approved by the court.
India Permanently Banned TikTok and 58 Other Chinese Apps
In 2019, ByteDance planned to invest about $1 billion into financing its operations in India. However, last year, India’s government blocked TikTok and about 100 other apps that were developed in China.
TikTok Owner ByteDance Launched Its Own Payment Service
ByteDance acquired a payment license when it bought a payments solution provider called Wuhan Hezhong Yibao Technology in 2020. The license allows Douyin to offer payment features.
