Bytedance

TikTok’s owner set an annual revenue goal of RMB 200 billion, while more than 80% of its 2019 revenue was from online advertising.

The growing sector gives video-sharing platforms an opportunity to gain presence in the e-commerce industry.

Less than 1% of music streamers in India pay for the paid subscription, but that is about to change.

Last year, ByteDance signed a strategic cooperation agreement with the Shenzhen government to set up a Greater Bay Area headquarters in the city.

Vigo Video will cease operations as TikTok, ByteDance’s flagship app, faces hurdles in India, its biggest overseas market.

The Beijing-based firm might steal Baidu’s position in China’s BAT triumvirate.

Recently departed ByteDance executive Liu Zhen was crucial to the creation of ByteDance’s unique culture.

Tencent-backed video app sees demand from product-placement streams.