ByteDance

  • Tencent and TikTok owner ByteDance sue each other

    Beijing-based TikTok owner ByteDance sued Tencent on Tuesday, accusing it of abusing its dominant market position. Tencent responded to the allegations as malicious and said it would file a lawsuit.

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  • ByteDance's 2020 revenue reportedly doubles to $37 billion

    ByteDance, the Beijing-based owner of TikTok, more than doubled its 2020 revenue to about $37 billion, according to The Information.

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  • TikTok owner ByteDance is dropping its smartphone business

    In January 2019, ByteDance acquired the rights to use some of Smartisan's patents, saying it would explore businesses related to the education sector.

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  • ByteDance hiring talent to develop new drugs using AI technology

    ByteDance AI Lab is looking for talent in artificial intelligence and drug discovery in Beijing, Shanghai and Mountain View, California.

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  • ByteDance's ad revenue in China expected to reach $27 billion this year

    TikTok-owner ByteDance is expected to generate at least 180 billion yuan ($27.2 billion) in advertising revenue in China this year, which would cement the company's No. 2 position in the country's digital advertising market, Reuters reported on Wednesday.

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  • TikTok reportedly wants to revive Indian market

    ByteDance's short video app TikTok, which was banned in India at the end of June, is working on a strategy and plan to revive the local market, sources quoted by India Times today said.

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  • TikTok owner ByteDance plans to hire 10,000 more in China by year-end

    Beijing-based TikTok owner ByteDance plans to open another 10,000 jobs by the end of the year, on top of the nearly 30,000 hires it has already made in China this year, TechWeb reported Wednesday, adding that ByteDance's total workforce will top 100,000 when the new hiring is complete.

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  • ByteDance reportedly eyes Hong Kong IPO for Douyin, the Chinese version of TikTok

    ByteDance is considering pushing for a separate listing of Douyin, the Chinese version of TikTok, in Hong Kong, 36kr said, citing sources with knowledge of the matter, adding that a number of investment banks, including Goldman Sachs, have talked to ByteDance about underwriting.

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  • ByteDance's smartphone making arm releases its first 5G phone

    At tonight's Nut 2020 launch event, ByteDance's smartphone making arm unveiled the Nut R2 phone, bringing with it a curved full screen, 100 million pixel lens and 5G network support.

    Consumer Tech
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  • ByteDance's smartphone making arm may soon release a portable monitor

    A display from Delta Innovation Technology Co. Ltd., ByteDance's smart hardware company and maker of the Nut phones, has passed 3C certification in China and maybe released alongside the upcoming new phone under the Nut brand.

    Consumer Tech
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