ByteDance

All you need to know about what happened in the tech world today.

In 2017, the market for paid content in China has reached $738.9 million and is expected to grow to $3.5 billion by 2020.

Bytedance’s overseas-oriented products, including Tik Tok and Musical.ly, have, to date, raked in more than 100 million of monthly active users.

Valued at USD35 billion excluding Douyin’s valuation, Toutiao is also raising a round and is seeking funds from KKR and Jack Ma-backed Yunfeng Capital.

In Q1 2018, Douyin’s international version, Tik Tok, was the most downloaded iPhone app worldwide, totaling 45.8 million and surpassing Facebook, YouTube, and Instagram

Tik Tok, the overseas version of Douyin, was the world’s most downloaded non-game app in iOS App Store in Q1 2018.

Toutiao offers the most successful formula for Chinese startups to take off without siding with any one of the Chinese “BAT” triumvirate. But it may forge an alliance with Alibaba as its r

When pointing fingers at WeChat, Bytedance’s ZHANG Yiming and ZHANG Nan still have to post on WeChat moment to spread their discontentment.