ByteDance

ByteDance Ltd.
Native name
字节跳动有限公司
FormerlyDouyin Group (HK) Ltd. (2018–2022)
Company typePrivate
IndustryInternet
Founded13 March 2012 (2012-03-13)
Founders
Headquarters
Area served
Worldwide
Key people
  • Zhang Yiming (Founder & Chairman)
  • Liang Rubo (Founder & CEO)
  • Erich Andersen (global GC)[2]
  • Kelly Zhang (CEO of ByteDance China)[3]
  • Lidong Zhang (Chairman of ByteDance China)[3]
  • Shou Zi Chew (CEO of TikTok)
Products
RevenueIncrease US$120 billion (2023)[4]
Increase US$2 billion (2022)[5]
Number of employees
c. 150,000 (2023)[6]
Subsidiaries
ASNs396986, 138699 Edit this at Wikidata
Websitebytedance.com Edit this at Wikidata
Zijie Tiaodong
Chinese字节跳动
Transcriptions
Standard Mandarin
Hanyu PinyinZìjié Tiàodòng
Bopomofoㄗˋ ㄐㄧㄝˊ ㄊㄧㄠˋ ㄉㄨㄥˋ
Wade–GilesTzu4-chieh2 T'iao4-tung4
Tongyong PinyinZìh-jié Tiào-dòng
IPA[tsɹ̩̂.tɕjě tʰjâʊ.tʊ̂ŋ]

ByteDance Ltd. is a Chinese internet technology company headquartered in Haidian, Beijing and incorporated in the Cayman Islands.[7]

Founded by Zhang Yiming, Liang Rubo, and a team of others in 2012, ByteDance developed the video-sharing apps TikTok and Douyin. The company is also the developer of the news platform Toutiao.

ByteDance has attracted legislative and media attention in several countries over security, surveillance, and censorship concerns.[8][9][10]

  1. ^ a b 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.
  3. ^ a b 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.
  4. ^ Scheer, Olga; Natzel, Leonie Tabea (24 April 2024). "Tiktok wendet EU-Strafe vorerst ab – USA setzen Ultimatum". Handelsblatt. Retrieved 25 April 2024.
  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.
  7. ^ Yang, Yingzhi; Goh, Brenda (17 August 2021). "Beijing took stake and board seat in key ByteDance domestic entity this year". Reuters. Archived from the original on 27 July 2022. Retrieved 27 July 2022.
  8. ^ Baker-White, Emily (16 March 2023). "The FBI And DOJ Are Investigating ByteDance's Use Of TikTok To Spy On Journalists". Forbes. Archived from the original on 17 March 2023. Retrieved 17 March 2023.
  9. ^ Baker-White, Emily (21 April 2023). "Security Failures At TikTok's Virginia Data Centers: Unescorted Visitors, Mystery Flash Drives And Illicit Crypto Mining". Forbes. Archived from the original on 30 April 2023. Retrieved 30 April 2023.
  10. ^ Milmo, Dan (8 November 2022). "TikTok's ties to China: why concerns over your data are here to stay". The Guardian. Archived from the original on 23 November 2023. Retrieved 3 December 2022.

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