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Today, ByteDance founder Zhang Yiming released an internal letter announcing he will transition to a new role at the end of 2021, focusing on long-term strategy, corporate culture, and social responsibility. ByteDance co-founder and HR head Liang Rubo will become the new CEO, and Yiming and Rubo will work side by side over the next six months to ensure the smoothest possible transition. As a ...
Nov 30, 2018 · Bytedance, the owner of the wildly popular short-form video app, is now valued at more than $75 billion following a new round of investment. This means Uber has unexpectedly lost its long-held ...
Mar 13, 2024 · Once signed, the provision will give TikTok’s parent company, the Beijing-based ByteDance, roughly nine months to sell the platform or face a nationwide ban on Apple and Google app stores that ...
Apr 23, 2024 · ByteDance itself is one of the world’s most valuable start-ups, with an estimated worth of $225 billion, according to CB Insights, a firm that tracks venture capital and start-ups.
May 19, 2021 · Zhang Yiming, founder and C.E.O. of ByteDance, in Palo Alto, Calif., last year. Shannon Stapleton/Reuters. Zhang Yiming, who helped found TikTok’s Chinese parent company and turn it into a globe ...
Apr 1, 2023 · TikTok CEO Shou Zi Chew. Photo by Bloomberg. ByteDance, the Chinese owner of TikTok, generated more than $80 billion in annual revenue last year, up more than 30% from roughly $60 billion in 2021, according to two people with knowledge of the figure. The 2022 result, which hasn’t previously been reported, is significant because most ...
Apr 3, 2023 · HONG KONG – ByteDance’s revenue surged more than 30 per cent to surpass US$80 billion (S$106 billion) in 2022, matching the tally at archrival Tencent Holdings, after twin video platforms ...
