ByteDance

ByteDance’s Douyin expects that its no-commission structure and huge traffic from short videos can lure consumers away from incumbent platforms like Meituan and Ele.me.

The development of the three core components of the platform, including payment processing, insurance selling, and securities trading, has been completed.

Tencent abandoned plans to acquire iQiyi due to tightened anti-monopoly regulations.

The company launched its first game through Douyin just 2 years ago and is aiming to expand its reach in the market.

The company’s subsidiaries may seek their own listings in New York, Hong Kong, and Shanghai.

TikTok is currently hiring for various roles related to e-commerce in Indonesia and Singapore.

On the 9th anniversary of his startup, ByteDance founder Zhang Yiming quoted Buddhism verses, asked his employees to keep an ordinary mind, and even mocked his peers for excessive use of jargon.

ByteDance in a court filing has argued that the decision to block these accounts is an abuse of the law.