VR startup Pico confirms acquisition by ByteDance
Chinese VR startup Pico has confirmed in an all-staff letter that it has been acquired by Beijing-based TikTok parent company ByteDance, jiemian.com reported Sunday.
ByteDance reportedly enters VR sector with RMB 5 billion acquisition
ByteDance has not yet confirmed the news, and if true, the move appears to be similar to Facebook's acquisition of Oculus in 2014.
ByteDance launches massive campus recruitment with over 8,000 openings
Beijing-based TikTok owner ByteDance has launched its largest campus recruitment, offering more than 8,000 positions.
ByteDance reportedly enters takeaway space to take on Meituan
Douyin, the Chinese version of Byte Dance's TikTok, has recently set up a takeaway business team and has been testing it recently, tech media Tech Planet reported Wednesday.
ByteDance said to stop requiring employees to work on Sundays
ByteDance is considering whether to eliminate the requirement to work every other Sunday and will likely announce a decision in the near future.
ByteDance reportedly to launch cloud computing service
ByteDance Volcano Engine division will officially launch its cloud computing IaaS (Infrastructure as a Service) service, which includes computing, storage, and networking, in September-October of this year, LastPost reported Thursday.
Zhang Yiming steps down as CEO of ByteDance
Zhang decides to let go of the day-to-day management of the company and focus on long-term priorities, including visionary strategy, corporate culture, and social responsibility.
ByteDance says in rare clarification it has no current plans to go public
TikTok owner ByteDance has finally responded officially after rumors continued to circulate about its plans to go public.
ByteDance reportedly launches music business unit to take one Tencent Music
Beijing-based TikTok owner ByteDance has set up a music business unit this year to take a slice of the music market dominated by giants like Tencent Music, according to an April 21 report by local media outlet Tech Planet.
Douyin aims to reach 680 million daily active users this year
Douyin generated more than RMB 31 billion in ad revenue in the first quarter, and news aggregator Toutiao generated more than RMB 9.1 billion in ad revenue in the first quarter.