It quickly took off in markets like Southeast Asia, signaling a new opportunity for the company. ByteDance acquired in November 2017 and subsequently merged it with TikTok. Today, the TikTok platform, which is available outside of China, has become the leading destination for short-form mobile videos worldwide. Increased regulatory barriers were also introduced against the company because of tensions between the United States and China. National security concerns about the collection of user data led the U.S. government to ban the app from being installed on government-issued devices. Legislation was also introduced that could lead to a national ban of the platform altogether.

ByteDance, Chinese technology company that developed novel video-sharing social networking applications, most notably TikTok. ByteDance also serves as the parent company of several popular social media and news apps. Despite the company’s grandiose success, ByteDance has faced international scrutiny as a result of accusations that the company imposes censorship in favour of the Chinese government.

  1. For example, users have accused the company of deleting articles on BaBe that were critical of the Chinese government.
  2. The app was an international version of Douyin, which was released in China in 2016 and now has hundreds of millions of users.
  3. ByteDance, Chinese technology company that developed novel video-sharing social networking applications, most notably TikTok.

The Chinese company says it has more than 150,000 employees in almost 120 cities around the world. We believe at ByteDance that high ethical standards and a culture of integrity play a pivotal role throughout the development of the company. Therefore, we have developed the ByteDance Code of Conduct and ByteDance Partner Code of Conduct.

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ByteDance products have faced government-led investigations and large-scale bans in other countries, including Australia, Bangladesh, Indonesia, Pakistan, and Turkey. Hello and TikTok were banned in India, thereby removing millions of users from the apps’ reach. In addition, in November 2022 the European Union (EU) confirmed the existence of an ongoing investigation into TikTok’s data practices, including data transmissions to China.

The first product the group produced was the app Neihan Duanzi (“profound gags”), which allowed users to share jokes and memes. This was followed by the news aggregator app Toutiao, which used machine and deep learning algorithms to deliver a personalized news feed to users. Toutiao became an early flagship of ByteDance and continues to have more than 300 million monthly active users. The company also developed the Indian social media app Hello, as well as the popular Indonesian news aggregator Baca Berita (BaBe).

In 2016 ByteDance released the video-sharing app Douyin, exclusively for users in China. The popularity of Douyin in China inspired the team to develop TikTok for international audiences. TikTok is an app platform that allows users to post short-form videos and share content from their cell phones. TikTok uses advanced algorithmic methods to predict which videos users will enjoy and thus create a personalized assortment of videos for them to peruse on their “For You” page (FYP).

For example, users have accused the company of deleting articles on BaBe that were critical of the Chinese government. In 2019 TikTok user Feroza Aziz’s account was suspended after she posted a video criticizing the Chinese government’s mass detention of Uyghur Muslims. A ByteDance spokesman initially claimed that Aziz was suspended because of a previous offense that violated TikTok’s policies. TikTok later claimed that a “moderation error” caused the ban and offered Aziz an apology. During the past decade, ByteDance has proven itself time and again to be a spectacularly innovative and successful company.

What is ByteDance, the TikTok parent in US crosshairs?

TikTok’s CEO has told Congress that the firm has never been asked by the Chinese government for US user data nor has it provided it. Thanks to the explosive growth of these apps, ByteDance has branched out into e-commerce and travel bookings, and also released a video editing app. Driven by the success of TikTok and their other apps, ByteDance’s yearly revenue ballooned to $80 billion in 2022. The app has been a diplomatic hot potato between the United States and China since the administration of former president Donald Trump, who once wanted to ban the app. In 2020, TikTok was among hundreds of Chinese apps barred in India after deadly clashes on the country’s border with China.

Douyin: integrating social elements into news feeds and ads

House Committee on Energy and Commerce to address accusations that the app is a threat to American national security. Chew downplayed any connection to or favouritism toward China’s government and elaborated on the steps the company planned to take to better protect the data of American users. Despite this reassurance, the U.S. state of Montana passed a law to ban the app in the state. Approximately a year later, ByteDance accelerated globalization with the launch of its global short video product, TikTok.

A large number of US lawmakers — Republicans and Democrats — are not convinced that TikTok is independent of Beijing despite being headquartered outside China. When asked during a US congressional hearing in March last year if a Chinese official was on the Beijing ByteDance Technology board, TikTok CEO Shou Zi Chew said “I believe so”. ByteDance’s founders have 6 best brokers for day trading in 2021 a 20 percent stake, and the remainder is held by employees, according to TikTok. TikTok has said around 60 percent of ByteDance is owned by institutional investors including US giant BlackRock. AFP, along with more than 100 fact-checking organisations, is paid by TikTok and Facebook parent Meta to verify videos that potentially contain false information.

A privately held firm, ByteDance does not release revenue and profit figures, but media estimates of its earnings put it on par with some of the biggest firms in the world. ByteDance launched TikTok in 2017, and the app took the world by storm, crossing a billion users in four years. ByteDance has rocketed in recent years to become one of the most valuable companies in the world, worth around $225 billion, according to market intelligence firm CP Insights. From its birth in a Beijing apartment 12 years ago, ByteDance grew into one of the world’s biggest tech firms — best known in most countries as the creator of TikTok. The Chinese commerce ministry published rules in 2020 that added “civilian use” to a list of technologies that are restricted for export.

The app was an international version of Douyin, which was released in China in 2016 and now has hundreds of millions of users. Founded by Zhang Yiming, Liang Rubo and a team of others in 2012, ByteDance developed the video-sharing apps TikTok and Douyin. The company says it now routes all of its US traffic through infrastructure in the United States, and that it is deleting previously collected data.

This has been true not only for TikTok but many of its other apps, which have vast numbers of users. In this article, the authors explain the many ways in which ByteDance has used its SSP to fuel development and growth. TikTok is banned from government employees’ work phones in the United States and several other nations including Australia and Canada over security concerns.

At just 10 years old, ByteDance, the most valuable startup in the world, has shattered records for growth. In 2021, with 1.9 billion monthly active users in 150 countries, and an employee base of over 110,000, the company recorded an astonishing $58 billion in revenues. Most users know the company only by its hit short-video app TikTok, which has been downloaded over 3 billion times globally, a feat only exceeded by Meta and its family of apps. Respectively, Toutiao and Douyin account for 20% and 60% of the company’s total advertising revenues.

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