ByteDance
The Latest
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ByteDance's Earning Power: A Deep Dive into Its Revenue Streams
ByteDance's prowess in monetization is not new, but its robust earning capacity continues to exceed many people's expectations. ByteDance's prowess in monetization is not new, but its robust earning capacity continues to exceed many people's expectations. -
ByteDance's 2023 Revenue Surpasses $110 Billion, Overtaking Tencent: Report
On December 20, media reports revealed that ByteDance's revenue for 2023 increased by 30% to $110 billion, with TikTok's e-commerce business emerging as a significant growth driver for the company. On December 20, media reports revealed that ByteDance's revenue for 2023 increased by 30% to $110 billion, with TikTok's e-commerce business emerging as a significant growth driver for the company. -
ByteDance's AI Training Methods Under Fire for Alleged Copyright Breach with UK News Content
ByteDance, the Chinese tech giant behind the popular app TikTok, is facing accusations of using content from UK news sites to train its artificial intelligence (AI) chatbot, ByteSpider, without proper authorization or compensation. ByteDance, the Chinese tech giant behind the popular app TikTok, is facing accusations of using content from UK news sites to train its artificial intelligence (AI) chatbot, ByteSpider, without proper authorization or compensation. -
ByteDance Initiates $5 Billion Share Buyback Amidst Expanding Cash Reserves
ByteDance, the parent company of the globally popular app TikTok, has embarked on a significant financial maneuver by offering a share buyback plan worth around $5 billion. ByteDance, the parent company of the globally popular app TikTok, has embarked on a significant financial maneuver by offering a share buyback plan worth around $5 billion. -
ByteDance Scales Back Ambitions in Gaming, Reflecting a Shift in Strategy
ByteDance's belief in achieving miracles through significant efforts seems to falter outside of social media and e-commerce, suggesting that no giant can dominate every business sector. ByteDance's belief in achieving miracles through significant efforts seems to falter outside of social media and e-commerce, suggesting that no giant can dominate every business sector. -
ByteDance Retreats from Gaming, Cuts Jobs Amidst Rivalry with Tencent
ByteDance, the parent company of TikTok, is significantly downsizing its gaming division, marking a retreat from its ambitious challenge to gaming giants like Tencent. The move will result in the loss of hundreds of jobs within the company's main gaming unit, Nuverse. ByteDance, the parent company of TikTok, is significantly downsizing its gaming division, marking a retreat from its ambitious challenge to gaming giants like Tencent. The move will result in the loss of hundreds of jobs within the company's main gaming unit, Nuverse. -
ByteDance's Valuation Dips Amid Share Buyback Initiative
In a recent development, ByteDance, the parent company of the globally renowned app TikTok, is reportedly initiating a buyback of stocks worth at least $300 million from its current and former employees in the United States. This move is expected to result in a 26% drop in the tech giant's valuation. In a recent development, ByteDance, the parent company of the globally renowned app TikTok, is reportedly initiating a buyback of stocks worth at least $300 million from its current and former employees in the United States. This move is expected to result in a 26% drop in the tech giant's valuation. -
Bytedance Overseas Growth Outpaces Domestic: Daily Active Users Reach 840M, Up 40% YoY
Bytedance sees exponential growth in its international business as domestic numbers slow. Bytedance sees exponential growth in its international business as domestic numbers slow. -
Former ByteDance Executive Alleges China Breached Privacy of Hong Kong Activists' TikTok Data
Claims have emerged suggesting that China might have infiltrated the TikTok profiles of Hong Kong activists, accessing personal information, as per allegations in a lawsuit filed by a former ByteDance executive. ByteDance, TikTok's parent company, categorically denies these assertions. Claims have emerged suggesting that China might have infiltrated the TikTok profiles of Hong Kong activists, accessing personal information, as per allegations in a lawsuit filed by a former ByteDance executive. ByteDance, TikTok's parent company, categorically denies these assertions. -
U.S. Government Pressures TikTok's Chinese Parent Company ByteDance to Divest or Face Ban
ByteDance faces ultimatum as the Biden administration raises national security concerns over the popular social media app. ByteDance faces ultimatum as the Biden administration raises national security concerns over the popular social media app.