ByteDance Stock
Internet Technology Company
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About ByteDance Stock
ByteDance is an internet technology company that enables to discover a world of creative content platforms powered by leading technology. It owns a series of content platforms that enable people to connect with consuming and creating content through machine learning technology. With nearly 200 million daily active users each spends an hour every day on their products, the company is dedicated to building connections between people and information.
Bytedance's flagship product, Toutiao, is the largest AI-powered content platform in China. Toutiao delivers personalized content recommendations to every user based on their interests.
Bytedance also operates a series of products popular with mobile users around the world, including TikTok, Topbuzz, Flipagram and a number of UGC short-form video apps.
Bytedance was founded in March 2012 and is headquartered in Haidian, China, with offices in the USA and Japan.
Investors
Altimeter Capital
Udaan, AppDynamics, Airbnb, Lacework, Snowflake, Vroom, Unity Technologies, 23andMe, Cerebras Systems, Deel
Bank of China
Goldman Sachs
WeWork, Alibaba, Spotify, Compass, Pinterest, Bloom Energy, Oscar Health, Circle, Automation Anywhere, Zymergen
K3 Ventures
Morgan Stanley
Flipkart, SoFi, Magic Leap, Affirm, Domo, Lookout, Foursquare, Overtime, Rocket Lawyer, AtScale
SoftBank
One97, Flipkart, Delhivery, Cruise, OneWeb, Tokopedia, Ola, Rappi, Devoted Health, AUTO1 Group
TCV
Nubank, Brex, Toast, Capsule, Miro, Rent the Runway, Vice Media, Aviatrix, Vectra, GoFundMe
Tiger Global Management
Flipkart, JUUL, Delhivery, Ather Energy, Databricks, Grab, Chime, Ola, Quikr, Palantir Technologies
Funding History
| April 2019 | $1.3B |
|---|---|
| October 2018 | $3.0B |
| August 2017 | $2.0B |
| April 2017 | $1.0B |
| June 2014 | $100M |
| January 2012 | $5.0M |
Management
Founder & Chief Executive Officer
Yiming Zhang
Press
TechCrunch - Apr, 29 2020
TikTok tops 2 billion downloadsBloomberg - Apr, 24 2020
China Orders TikTok Owner ByteDance to Remove Office AppBloomberg - Apr, 16 2020
ByteDance Launches Global Hiring Spree with 10,000 New JobsTechCrunch - Mar, 4 2020
Resso, ByteDance’s music streaming app, officially launches in India, sans Tencent-backed Universal MusicBarron's - Jan, 16 2020
TikTok Revenues Are ExplodingTechCrunch - Jan, 3 2020
TikTok’s revenue said to skyrocket over 300% in Q4TechCrunch - Jan, 3 2020
ByteDance & TikTok have secretly built a deepfakes makerCNBC - Dec, 24 2019
China’s ByteDance says it has no plans to sell TikTok appWall Streets Journal - Dec, 23 2019
TikTok Searches for Global Headquarters Outside of ChinaForbes - Nov, 2 2019
US-China Tech Rivalry Plays Out In Scrutiny of TikTokEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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