[10] That March, Yiming and Liang founded ByteDance. [94], On 27 February 2019, the Federal Trade Commission (FCC) fined TikTok US$5.7 million for collecting information from minors under the age of 13 in violation of the Children's Online Privacy Protection Act in the United States. (Annual sales and employees) What industry is the company in? TikTok was downloaded 850 million times in 2020 and is the first non-Facebook app to reach three billion downloads, which . "[102] On 14 August 2020, Trump issued an executive order mandating that ByteDance divest from all U.S. operations of TikTok within 90 days. ByteDance is a technology company operating a range of content platforms that inform, educate, entertain . [73][74][75][76], In April 2018, China's state media regulator, the National Radio and Television Administration (NRTA), ordered the temporary removal of Toutiao and Neihan Duanzi from Chinese app stores. Always maintain an entrepreneurial mindset. ByteDance has multiple content platforms under its belt that provide information, entertainment, and . If you are an admin, please authenticate by logging in again. It empowers everyone to capture and present the world's creativity, knowledge, and moments that matter in everyday life, presenting a wide and diverse range of content on the platform.For more information, please visit https://www.douyin.com/. ByteDance Ltd. is an Internet technology company headquartered in Beijing. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Yass also has a minority stake in ByteDance, the developer of TikTok. The Knowledge - at-a-glance analysis of the modern music industry. [42] According to disclosures filed under the Lobbying Disclosure Act of 1995, ByteDance has lobbied the United States Congress, White House, Department of Commerce, Department of State, and the Department of Defense. [78][79] Following the shutdown, ByteDance announced that it would give preference to Chinese Communist Party members in its hiring and increase its censors from 6,000 to 10,000 employees. [95][96] ByteDance later added a kids-only mode to TikTok which blocks the upload of videos, the building of user profiles, direct messaging, and commenting on other's videos, while still allowing the viewing and recording of content. Latest bytedance data and analysis from Insider Intelligence including reports, charts, and articles. From data analytics tools to computer vision software, our solutions help businesses reach their potential.For more information, please visit https://www.byteplus.com/. All functionalities are seamlessly integrated into a single app.For more information, please visit https://www.larksuite.com/. [23], In August 2021, ByteDance acquired Pico, an Oculus-like virtual reality startup. As of June 2021, ByteDance hosts 1.9 billion monthly active users across all of its platforms. [77] The following day, Neihan Duanzi announced it was permanently shutting down. [84] In January 2021, Chinese regulators fined ByteDance for spreading "vulgar information. [93] In March 2021, the Indian government froze ByteDance's bank accounts in the country for alleged tax evasion, which ByteDance disputed. [89], In March 2021, the State Administration for Market Regulation fined a ByteDance subsidiary and other companies for antitrust violations. Twice-monthly reports on the newest platforms to help you find a competitive edge. Their servers are each based in the market where the respective app is available. ByteDance, which was founded in 2012, has. [28], As with many Chinese companies, ByteDance has an internal CCP committee with Vice President Zhang Fuping serving as the company's CCP Committee Secretary. Powered by easy-to-use video creation tools, Douyin quickly became a highly popular app across the country. (Annual sales and employees) What industry is the company in? Bytedance (India) Technology's operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2021. Value individual differences, and focus on people's unique strengths. [12], In August 2012, ByteDance launched the first version of news and content platform Toutiao (, lit. Always Day 1 . Tech for Good dollars)." The application is a short-form video social media platform that differs from its international counterpart version by having more advanced features, such as e-commerce. All values are estimates. We take a look at how ByteDance's CapCut is faring and a report detailing how China's reopening can provide some relief for the global economy. Chart. TikTok has offices across the globe, including Los Angeles, New York, London, Paris, Berlin, Dubai, Mumbai, Singapore, Jakarta, Seoul, and Tokyo.For more information, please visit https://www.tiktok.com/. The CAC might also lack the in-house technical expertise to understand information companies are submitting to the algorithm registry. Owning TikTok and Douyin, the most popular short video app . Douyin is China's leading destination for short-form mobile videos. "Annual Revenue Generated by Bytedance from 2019 to 2021 (in Billion U.S. Explore alternative solutions in a larger scope for the optimal result. The Wall Street Journal has got its hands on the latest financial results for TikToks parent company ByteDance. Get to the bottom of things. TikTok Is China's Most Important Export Right Now", "ByteDance to Launch Google-Like Work Tools During Outbreak", "Bytedance officially launches productivity tool Lark", "U.S. Appeals Injunction Against TikTok Ban", "A Guide to TikTok for Anyone Who Isn't a Teen", "TikTok is reportedly experimenting with 3-minute videos", "Chinese news reading app Toutiao acquires Flipagram", "More Chinese will be watching Flipagram videos", "How a News Startup Caught China's Tencent by Surprise", "This Startup Is Luring Top Talent with $3 Million Pay Packages", "The News Reads You in Chinaand People Can't Get Enough of It", "This migrant worker lost his 56-year-old mentally ill sibling during Lunar New Year travel crush. Founded by Zhang Yiming, Liang Rubo and a team of others in 2012, ByteDance developed the video-sharing social networking services and apps TikTok and Chinese-specific counterpart Douyin. In addition, Bytedance acquired cloud-based productivity tool Mubu in 2018, 36Kr. Watch full video. The app will focus on high-quality and ad-free novels. [29], ByteDance is financially backed by Kohlberg Kravis Roberts, SoftBank Group, Sequoia Capital, General Atlantic, and Hillhouse Capital Group. [87] The bank stated that ByteDance must conduct comprehensive self-examination and rectification to adhere to the country's laws. The fast-growing company more than . Brief, deep analysis of essential music business stuff:every week, in about 20 mins. of 2019. United Kingdom, Music Ally is a Registered Learning Provider 10029483. Kingsley Lam leads Global Payment and Fintech Partnership at ByteDance / TikTok in the Americas and Europe. TikTok For Good has launched campaigns in the United States, India, the United Kingdom, Japan, Korea, France, Germany, Mexico, and more. Reduce unnecessary procedures. [11], In March 2012, ByteDance launched its first app, called Neihan Duanzi (, lit. Learn more about how Statista can support your business. Essential international guides, packed with data, interviews, strategies, and local insight. Accessed December 11, 2022. https://www.statista.com/statistics/1285540/annual-bytedance-revenue/, Reuters. "[98] Carr called for Apple and Google to remove TikTok from their respective app stores. Helo is a leading regional social media platform that empowers netizens to express themselves in their language of choice. They show that the companys revenues grew by nearly 80% in 2021 to $61.7bn, but also that its operating losses more than tripled that year to over $7bn, while its net losses grew by 87% to $84.9bn. TikTok Owner ByteDance Revenues Surge 111% to $34.3 Billion USD in 2020: Gross profits increased by 93%. [101], On 7 August 2020, ByteDance released a statement in response to the executive order banning US companies and individuals from doing business with it, threatening to resort to the American justice system in order to get "fair treatment. statistic alerts) please log in with your personal account. Reuters. Consumer & Brand Reports. Annual revenue generated by ByteDance from 2019 to 2021 (in billion U.S. dollars) [Graph]. Executive summary TikTok was the most downloaded app of 2020 and retained that title in 2021, along with being the highest grossing app of the year. From data analytics tools to computer vision software, our solutions help businesses reach their potential. Are you interested in testing our corporate solutions? Speak your mind. ByteDance Ltd. (Chinese: ; pinyin: Zji Tiodng) is a Chinese internet technology company headquartered in Beijing and incorporated in the Cayman Islands. One report described a meeting between representatives from Bytedance and the CAC, in which Bytedance employees "had to rely on a mix of metaphors and simplified language" to communicate with the officials. Bytedance's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. ByteDance was last valued at $180 billion, however trading in private markets has exceeded $350 billion ( SCMP) More Video App Data Netflix Revenue and Usage Statistics (2022) Video Streaming App Revenue and Usage Statistics (2022) Twitch Revenue and Usage Statistics (2022) Hulu Revenue and Usage Statistics (2022) [24], Zhang Yiming was ByteDance's chairman and CEO from its founding in 2012 until 2021, when co-founder Liang Rubo took over as CEO. Use Ask Statista Research Service. Today, ByteDance founder Zhang Yiming released an internal letter announcing he will transition to a new role at the end of 2021, focusing on long-term strategy, corporate culture, and social responsibility. Find jobs. Our Mission. Step by step, the American Music Fairness Act is working its way through the US legislative system. [90], In November 2022, during the 2022 COVID-19 protests in China, the CAC directed ByteDance to intensify its censorship of the protests. [26][27] In 2021, Chew Shouzi, former CFO of Xiaomi, took over as TikTok CEO. Access unlimited News articles on the site, PLUS a trial of Music Allys subscriber-only services, including our industry-leading daily Bulletin email. It offers users a unique, personalized and comprehensive content experience, enabling them to discover and explore topics of interest, ranging from sports and entertainment to agriculture and history.For more information, please visit https://www.toutiao.com/. [59], Initially launched in 2019, Nuverse has launched as a video game publisher company. ByteDance has 1 employees across 7 locations and $17.2 b in annual revenue in Y 2019. . Stay agile and pursue efficiency and simplicity. From June 2020 to his resignation 26 August 2020, Mayer served as the CEO of TikTok and the COO of ByteDance, reporting directly to the company CEO Zhang Yiming. The ideal entry-level account for individual users. The company's first-quarter figure means there has been over 130% growth in revenue as compared to the previous year4. . Lobbying", "TikTok maker ByteDance finds new success in US with CapCut, a hit video editing app", "The Chinese version of TikTok now has 600 million daily active users", "Forget the Trade War. [91], Citing national security issues the Indian Government banned TikTok along with 58 other Chinese apps on 29 June 2020. [30] As of March 2021, it was estimated to be valued at $250 billion in private trades. [99], On 3 August 2020, U.S. president Donald Trump set September 15 as the deadline for TikTok, a social media app under ByteDance, to find a US buyer, and he then issued executive orders that would effectively ban TikTok[100] from operating in the country if it is not sold by ByteDance within 45 days. "Annual revenue generated by ByteDance from 2019 to 2021 (in billion U.S. Hipgnosis Songs Fund enjoyed a good run as a media darling, with warm coverage of its ambition to make songs a lucrative asset class for investment. Be grounded and focus on real impact. [58], Initially launched as Toutiao Video in 2016, Xigua Video (Chinese: ; pinyin: Xgu shpn) is an online video-sharing platform that features user-created short and mid-length videos and also produces film and television content. Other notable acquisitions include the UGC short video platform Hypstar (Vigo Video) in July 2017,[18] and News Republic from Cheetah Mobile in November 2017. . Pursue mutual growth with the organization. Show publisher information The latest and best jobs in the global music industry. For more information, please visit https://www.byteplus.com/. Xigua Video is one of Chinas most popular video applications that enable users to discover, enjoy and share a wide range of video stories, both short-form and long-form.For more information, please visit https://www.ixigua.com/. ByteDance would later expand Toutiao's features to include: a missing person alerts project whose alerts have helped find 13,116 missing persons as of June 2020;[56] short-form video platform Toutiao Video, later rebranded as Xigua Video (, also known as Watermelon Video), which hosts video clips that are on average 25 minutes long;[57] and Toutiao Search, a search engine. ", Reuters, Annual revenue generated by ByteDance from 2019 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1285540/annual-bytedance-revenue/ (last visited December 11, 2022), Annual revenue generated by ByteDance from 2019 to 2021, Leading Android video and streaming apps worldwide 2021, by hours watched, Most downloaded mobile apps worldwide 2021, Global year-over-year download change in leading mobile apps 2021, Fastest global social networks to reach 1 billion MAU 2021, TikTok first-time installs per quarter 2016-2021, Growth of TikTok Google Play downloads worldwide Q2 2022, by country, Growth of TikTok iOS downloads worldwide Q2 2022, by country, Countries with the most TikTok users 2022, TikTok penetration in selected countries and territories 2022, TikTok: distribution of global audiences 2022, by gender, TikTok: distribution of global audiences 2022, by age and gender, TikTok user engagement in selected markets 2020-2021, Yearly growth of user engagement on TikTok in selected markets 2021, Average weekly time spent on TikTok worldwide 2021, TikTok leading creators worldwide 2021, by video plays, Distribution of global TikTok creators 2022, by age group, Distribution of global TikTok creators 2022, by gender, TikTok leading hashtags worldwide 2022, by post views, TikTok leading hashtags worldwide 2021, by unique users growth, TikTok: videos removed by automation 2020-2022, Distribution of videos removed from TikTok worldwide Q2 2022, by reason, TikTok: number of videos removed by country Q2 2022, TikTok: user data requests from federal agencies & governments H2 2021, by country, TikTok: content removal requests from government bodies H2 2021, by country, Number of monthly active users of main short video apps in China 2022, Douyin (TikTok) user age distribution in China 2021, Most popular types of posts on Douyin (TikTok) 2021, Most-followed influencers on Douyin in China 2022, Impressions per post of top-tier influencers in China 2021, by channel, Social media platforms with highest ROI worldwide 2021, Social media platforms with highest ROI for B2B marketers worldwide 2021, Organic vs. paid social media used by B2C marketers worldwide 2021, Fastest growing brands on TikTok worldwide 2021, Most mentioned brands on TikTok worldwide 2021, Highest valued unicorn companies in China 2022, Digital advertising revenue for major internet companies 2022-2026, Revenue breakdown of ByteDance 2021, by segment, Snap worldwide annual revenue 2016-2021, by region, Bumble: annual revenue 2018-2020, by region, Glu Mobile annual revenue 2019-2020, by type, Roblox Corporation global revenue 2018-2021, Key financial figures of ByteDance Q1 2022, Dropbox's annual revenue worldwide 2015-2021, Dropbox's annual revenue worldwide 2015-2021, by region, Annual revenue of Ximalaya Inc. 2019-2021, Number of ByteDance patents by filing year and legal status worldwide 2009-2021, Annual revenue generated by ByteDance from 2019 to 2021 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports. [103] On 28 August 2020, the Chinese Ministry of Commerce and the Chinese Ministry of Science and Technology announced that any sale of ByteDance's technology to foreign firms is a matter of "national security" and would require prior approval. [39][40] In 2021, ByteDance announced that its partnership with Shanghai Dongfang had never been in operation and was disbanded. Tech news website The Information last November reported that ByteDance's 2021 revenue was on track to rise about 60% to 400 billion yuan ($63.07 billion). Facilitate effective collaboration by assuming good intent aand trusting by default. Avoid "managing up". For the last Sandbox Guide of 2022, we look at how you can successfully launch Latin music in your own territories. [20], In March 2021, the Financial Times reported that ByteDance was part of a group of Chinese companies that aimed to deploy technology to circumvent Apple's privacy policies. [1], Founded by Zhang Yiming, Liang Rubo and a team of others in 2012, ByteDance developed the video-sharing social networking services and apps TikTok and Chinese-specific counterpart Douyin. [31], In April 2021, a state-owned enterprise owned by the Cyberspace Administration of China and China Media Group, the China Internet Investment Fund, purchased a 1% stake in ByteDance's main Chinese entity and placed a government official, Wu Shugang, on its board of directors. They show that the company's revenues grew by nearly 80% in 2021 to $61.7bn, but also that its operating losses more than tripled that year to over $7bn, while its net losses grew by 87% to $84.9bn. Stay open and humble. First released to the public in September 2017, TikTok is a video-sharing social networking service[48] used to make short-form videos, from genres like dance, comedy, and education. [36][37], ByteDance's China business has a strategic partnership with the Chinese Ministry of Public Security for the ministry's public relations efforts. Keep pioneering and innovating instead of relying on resources or past achievements. Our Culture. [60] The first game launched outside Mainland China was Warhammer 40,000: Lost Crusade in 2021. "profound gags"). ByteDance recorded an annual gross profit of $19bn, an operating loss of $2bn and a net loss of $45bn primarily because of non-cash items including fair-value changes of certain shares and. Contact Sales: 1-800-405-0844. Show patience and resilience in the face of short-term fluctuations. We have also partnered with some of the world's leading non-profits, including the World Wildlife Fund, Conservation International, GiveIndia, the British Olympic Association, the Red Cross, the American Society for the Prevention of Cruelty to Animals, among others.To learn more, please visit {link}https://www.tiktok.com/forgood. TikTok is reported to have over 800 million daily active users which compares to 1.73 billion BytePlus provides intelligent platform services powered by industry-leading research in emerging technologies. TikTok-owner ByteDance is on track to generate at least 180 billion yuan ($27.2 billion) in advertising revenue in China this year, which will cement its no. For a more general list of technology companies, see list of largest . ByteDance Financials. At the same time, it's book networth has decreased by -6.23 %. Profit from the additional features of your individual account. Keep learning, keep pushing boundaries. Drive communication and form conclusions with facts, instead of assumptions or emotions. It is headed by Wei-Ying Ma, the former assistant managing director of Microsoft Research Asia. [42], First released to the public in April 2020, CapCut is a video editing software made for beginners. Lark is the next-generation digital collaboration suite, which includes chat, email, video conferencing, and cloud storage, and enables teams to do their best work together. In 2022, the studio has launched Marvel Snap in October worldwide, after closed alpha testing in the Philippines, and gradually entering open beta with the first country being New Zealand. [45], First released to the public in 2019, Lark is ByteDance's enterprise collaboration platform. [9] In early 2012, the pair rented an apartment in Zhongguancun and, along with several other 99fang employees, began developing an app that would use big data algorithms to classify news according to users' preferences, which would later become Toutiao. Our mission is to inspire creativity and bring joy. Bytedance's Annual Report & Profile shows critical firmographic facts: What is the company's size? ByteDance is one of the world's. We're committed to finding ways to have a positive impact on our community and our planet. ByteDance's lobbying has included hiring K&L Gates, LGL Advisors, and other firms to influence bills such as the United States Innovation and Competition Act, American Innovation and Choice Online Act, and the annual National Defense Authorization Act. Then you can access your favorite statistics via the star in the header. yet available, Bytedance will reportedly increase the app's team size to 1,000 by the end. (January 20, 2022). ByteStyle refers to our set of core values. Distill ideas down to their fundamental truths. Nike Reports Increase in Revenue to $10.9 Billion USD in Q3 of Fiscal 2022. In 2021, Beijing-based ByteDance reported a nearly 80 percent year-over-year increase in revenues to 61.7 billion U.S. dollars. [41], In April 2022, ByteDance announced that it would report users' content on Toutiao and Douyin that engaged in "historical nihilism" in contradiction of official CCP history. Think global. It is classified as operating in the News Syndicates industry. [55], In 2017, Toutiao acquired Flipagram. In 2021, Beijing-based ByteDance reported approximately 58 billion U.S. dollars in revenues, up by almost 69 percent compared to the previous year. [46] Lark was originally developed as an internal tool, becoming ByteDance's primary internal communication and collaboration platform, but was eventually made available to external users in certain markets.[47]. [92] The ban was made permanent in January 2021. Other performance and liquidity ratios are available here . It also has the second-most expensive annual . [77] In response to the shutdown, Yiming issued a letter stating that the app was "incommensurate with socialist core values" and promised that ByteDance would "further deepen cooperation" with the authorities to promote their policies. 58 bn USD. Be accurate, concise, and straightforward. Global social networks ranked by number of users 2022, Most valuable technology brands worldwide in 2021, Highest valued unicorn companies worldwide 2022. [104], AVIC Plaza is one of the office buildings of ByteDance in Beijing, TikTok and Chinese-specific counterpart Douyin, United States Innovation and Competition Act, American Innovation and Choice Online Act, National Radio and Television Administration, State Administration for Market Regulation, "Beijing took stake and board seat in key ByteDance domestic entity this year", "Microsoft In-House Attorney to Serve as TikTok's First Global General Counsel", "ByteDance names China CEO, chairman; launches music app in Indonesia", "TikTok owner ByteDance's revenue growth slowed to 70% in 2021", "TikTok Parent ByteDance Sees Losses Swell in Push for Growth", "TikTok Owner ByteDance's Annual Revenue Jumps to $34.3 Billion", "TikTok Parent ByteDance Planned To Use TikTok To Monitor The Physical Location Of Specific American Citizens", "TikTok's ties to China: why concerns over your data are here to stay", "New ByteDance CEO Liang Rubo getting a warm welcome, leaked posts show", "Meet Liang Rubo, the 'executor' and former roommate of Zhang Yiming, who's ready to take over at ByteDance", "Everything you need to know about ByteDance, the company behind TikTok", "The simple news reader app that's taking China by storm just netted $100 million funding from Sequoia Capital", "Toutiao touts AI for individual news in vast China market", "This Chinese media giant is using machine learning to go after Facebook's lunch", "Toutiao Pushes Short Video Business Globalization With USD1 Billion Musical.ly Takeover", "China's Toutiao buys teen-favourite video creation app Musical.ly", "TikTok parent ByteDance sues Chinese news site that exposed fake news problem", "China's tech giants test way around Apple's new privacy rules", "Apple Warns Against Unauthorized Tracking After China Workaround", "ByteDance's New BytePlus Division Is Selling TikTok's Underlying Tech", "TikTok owner ByteDance takes first step into virtual reality with latest acquisition", "TikTok Chief Executive Kevin Mayer Resigns", "TikTok's CEO left 3 months into the job after getting boxed out by ByteDance during TikTok's biggest moment of crisis", "Founder of TikTok owner ByteDance resigns as CEO", "Targeting TikTok's privacy alone misses a larger issue: Chinese state control", "U.S. opens national security investigation into TikTok - sources", "ByteDance Valued at $250 Billion in Private Trades", "Beijing takes stake, board seat in ByteDance's key China entity - The Information", "China state firms invest in TikTok sibling, Weibo chat app", "Chinese government acquires stake in domestic unit of TikTok owner ByteDance in another sign of tech crackdown", "Chinese government takes minority stake, board seat in TikTok owner ByteDance's main domestic subsidiary", "China's communist authorities are tightening their grip on the private sector", "Fretting about data security, China's government expands its use of 'golden shares', "Bytedance teams up with a state-run Chinese publisher", "ByteDance unit establishes venture with Chinese state media firm", "China market regulator fines 12 firms for violating anti-monopoly law", "TikTok's Owner Is Spending Millions on D.C. We believe at ByteDance that high ethical standards and a culture of integrity play a pivotal role throughout the development of the company. ByteDance, a Beijing-based Chinese multinational internet technology company, recently launched a new app called Douwen Novel, a small-scale prototype of a larger business push to come. BytePlus provides intelligent platform services powered by industry-leading research in emerging technologies. 2 spot in China's digital ad market . To use individual functions (e.g., mark statistics as favourites, set Toutiao is one of the most popular content discovery platforms in China. Insist on high standards. Dive deep into facts. Toutiao helped find him", "ByteDance to enter long-form streaming video market", "Toutiao Search is online now, a search engine from ByteDance", "BBC Studios Sets Content Deal With China's Xigua Video", "Nuverse | Inspire Creativity,Enrich Life", "ByteDance acquires gaming studio Moonton at around $4 billion valuation: sources", "Bytedance beats Tencent to acquire Moonton Studios of Mobile Legends fame", "TikTok maker ByteDance refocuses on education apps back home in China amid trouble overseas", "ByteDance to close some tutoring ops after clampdown - sources", "TikTok Owner ByteDance Acquires Moonton and Mobile Legends: Bang Bang", "TikTok owner (ByteDance) is buying Mobile Legends creators (Moonton) for $4 billion", "ByteDance debuts first metaverse-like social app Party Island", "Resso, ByteDance's music streaming app, officially launches in India, sans Tencent-backed Universal Music", "TikTok Owner ByteDance Launches Resso App in India, Taking on Spotify", "TikTok Owner ByteDance Distributed Pro-China Messages To Americans, Former Employees Say", "TikTok owner ByteDance kills news aggregator app TopBuzz", "Leaked Audio From 80 Internal TikTok Meetings Shows That US User Data Has Been Repeatedly Accessed From China", "TikTok's owner is helping China's campaign of repression in Xinjiang, report finds", "Xinjiang's TikTok wipes away evidence of Uyghur persecution", "Exclusive: ByteDance censored anti-China content in Indonesia until mid-2020 sources", "Revealed: how TikTok censors videos that do not please Beijing", "Jokes app Neihan Duanzi shuttered by China's media regulator for 'vulgarity', "ByteDance Can't Outrun Beijing's Shadow", "TikTok leader schedules Washington trip to meet with lawmakers as investigations loom", "Why China's tech giants are cozying up to the Communist Party", "Why China Cracked Down on the Social-media Giant Bytedance", "China orders ByteDance to fix 'slanderous' smear of CCP martyr", "China Orders TikTok Owner ByteDance to Remove Work-From-Home App", "TikTok's Owner, ByteDance, Fined in China for Vulgar Content", "TikTok's Chinese version Douyin fined for vulgar content as Beijing continues cyberspace crackdown", "Giants Tencent, Bytedance among companies reined in by China", "China Warns Large Tech Firms as Industry Faces Rising Oversight", "ByteDance, Kuaishou, and Microsoft given 15 days to fix illegal data collection", "Web users in China told to report posts guilty of 'historical nihilism' against Communist Party line", "China Clamps Down on Internet as It Seeks to Stamp Out Covid Protests", "India bans TikTok, dozens of other Chinese apps", "India to impose permanent ban on 59 Chinese apps, including TikTok - Indian media", "India blocks bank accounts of China's ByteDance, company mounts challenge", "Video Social Networking App Musical.ly Agrees to Settle FTC Allegations That it Violated Children's Privacy Law", "TikTok has been illegally collecting children's data", "TikTok stops young users from uploading videos after FTC settlement", "FCC commissioner calls on Apple and Google to remove TikTok from their app stores", "Two senators call for FTC probe into TikTok over U.S. data access", "Trump Signs Executive Order That Will Effectively Ban Use Of TikTok In the U.S.", "Trump issues orders banning TikTok and WeChat from operating in 45 days if they are not sold by Chinese parent companies", "TikTok threatens legal action against Trump US ban", "Trump tightens screws on ByteDance to sell Tiktok", "TikTok Deal Is Complicated by New Rules from China Over Tech Exports", https://en.wikipedia.org/w/index.php?title=ByteDance&oldid=1126853216, Information technology companies of China, Multinational companies headquartered in China, Short description is different from Wikidata, Articles containing Chinese-language text, Wikipedia articles in need of updating from October 2022, All Wikipedia articles in need of updating, Articles containing simplified Chinese-language text, Creative Commons Attribution-ShareAlike License 3.0, Lidong Zhang (Chairman of ByteDance China), This page was last edited on 11 December 2022, at 15:45. "[85][86] In April 2021, ByteDance was among 13 online platforms ordered by the Chinese central bank to adhere to tighter data and financial regulations. [16], From late 2016 until 2017, ByteDance made a number of acquisitions and new product launches. Seek direct experience and first-hand data and information. Be an independent thinker. Bytedance's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. [44] TikTok and Douyin have almost the same user interface but no access to each other's content. Kingsley joined ByteDance in 2020 after 11 years at JPMorgan, where he headed the Greater China corporate coverage in North America. [13], In March 2016, ByteDance established its research arm, called the ByteDance AI Lab. Toutiao (Chinese: ; pinyin: Jnr Tutio), launched in August 2012,[13] started out as a news recommendation engine and gradually evolved into a platform delivering content in various formats, such as texts, images, question-and-answer posts, microblogs, and videos. ByteDance: annual revenue 2019-2021. This is a list of Internet companies by revenue and market capitalization.The list is limited to dot-com companies, defined as a company that does the majority of its business on the Internet, with annual revenues exceeding US$1 billion.It excludes Internet service providers or other information technology companies. Toutiao used interest-based and decentralized distribution to help long tail content creators find an audience. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information It's EBITDA has increased by 416.44 % over the previous year. How many people have downloaded TikTok? Solve problems together. Before being forced by the Chinese government to shut down in 2018, Neihan Duanzi had over 200 million users. Nov 9, 2022. The Wall Street Journal has got its hands on the latest financial results for TikTok's parent company ByteDance. You only have access to basic statistics. Corporate solution including all features. ByteDance has garnered public attention over surveillance[7] and privacy[72] concerns as well as allegations that it worked with the Chinese Communist Party (CCP) to censor content on its platforms pertaining to human rights abuses in Xinjiang and other topics deemed sensitive by the CCP. Nov 9, 2022. TikTok owner ByteDance made a net profit of $3 billion last year, according to a report from Bloomberg on Wednesday that cited people familiar with the matter. Copyright Music Ally All rights reserved 2022 - Website designed and maintained by. [6][needs update], ByteDance has attracted regulatory attention in several countries over surveillance, privacy, and censorship concerns. At the end of 2021 there were 523 million users of paid music streaming subscriptions. They combined it and prior acquisition Flipagram[51][52] into TikTok on 2 August 2018, keeping the TikTok name. It reached one billion users in Q2 2021, the fastest non pre-installed app to do so. Music Ally Ltd., Holborn Studios, January 20, 2022. Currently, you are using a shared account. . Don't just get the job done, execute with excellence. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Instagram accounts with the most followers worldwide 2022, Number of apps available in leading app stores Q3 2022, Most popular global mobile messaging apps 2022, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. Get full access to all features within our Corporate Solutions. TikTok is the leading destination for short-form mobile video. ByteDance reportedly generated a massive $5.6 billion in revenue in the first three months of 2020. On Thursday, ByteDance shared its financial report for the year 2019 to 2020 with the employees, saying that the company's revenue grew by 111% in one year. TikTok Owner ByteDance's Annual Revenue Jumps to $34.3 Billion - WSJ Skip to Main Content Skip to Search Skip to. Consumer and brand insights and preferences in various industries . ByteDance is an internet technology company that enables to discover a world of creative content platforms. As per the company's memo, seen by. [14][15] The same year, the ByteDance AI Lab and Peking University co-developed Xiaomingbot (), an AI bot that wrote news articles. The report showed its global headcount as more than 130,000 people at the end of 2021, although it also cites recent claims that ByteDance is mulling potential cost-cutting to ensure it does not become too bloated as an organisation. Detailed statistics. Latest bytedance data and analysis from Insider Intelligence including reports, charts, and articles. The digital marketing guide: expert insight, case studies, fresh approaches, and overlooked opportunities. Statista. Does my company subscribe? It is classified as operating in the News Syndicates industry. Summary financials. Dollars). [43], First released to the public in September 2016, Douyin (Chinese: ; pinyin: Duyn), previously named A.me, is the Chinese version of TikTok. Even so, its an eye-popping insight into the costs of growing TikTok globally as rapidly as it has done over the past couple of years although of course, ByteDance has other businesses and investments too, notably in gaming. Report incorrect company information. Please do not hesitate to contact me. Reject complacency. Data for 2019 calculated by Statista on the basis of the information given by the source. [41], ByteDance's lobbying efforts in the U.S. are led by Michael Beckerman. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Newsletter sign-up [17] Two months later, in February 2017, it acquired Flipagram, which was later merged with Musical.ly into TikTok upon the latter's acquisition in November 2017. Keep pioneering and innovating instead of relying on resources or past achievements. [83] In April 2020, the CAC ordered ByteDance to take down its office collaboration tool, Lark, because it could be used to circumvent Internet censorship. Therefore, we have developed the ByteDance Code of Conduct and ByteDance Partner Code of Conduct. [21][22] The following month, ByteDance announced that it had created a new division called BytePlus to distribute the underlying platform of TikTok, so that others may launch similar apps. Revenue (Q1, 2020) Inspire Creativity, Enrich Life. ByteDance Ltd. (Chinese: ; pinyin: Zji Tiodng) is a Chinese internet technology company headquartered in Beijing and incorporated in the Cayman Islands. reported a few days before Lark's launch. ByteDance annual revenue in 2021. [80][81][82], In November 2019, the CAC ordered ByteDance to remove "slanderous" information on Fang Zhimin from Toutiao. ByteStyle is fundamental to corporate culture at ByteDance and represents the principles we uphold as employees. Later in the year, it added video capabilities. "headlines"), which would become their core product. There are also some figures for the first three months of 2022 showing nearly $18.3bn of revenue and a net loss of $4.7bn down 84% from the $29.1bn in the first quarter of 2021. ByteDance is a technology company operating a range of content platforms that inform, educate, entertain and inspire people across languages, cultures and geographies. Jiemian: Bytedance has released the reading app "Fanqie Xiaoshuo," or "Tomato Novel,". The NRTA accused Neihan Duanzi in particular of hosting "vulgar" and "improper" content and "triggering strong sentiments of resentment among internet users". 49-50 Eagle Wharf Rd, London, N1 7ED, In December 2016, it invested in the Indonesian news recommendation platform BABE. Later in 2021, Moonton became a subsidiary of Nuverse, after winning the bid, initially set by Tencent.[61][62]. Apart from its flagship short video apps Douyin and . In 2021, the Chinese tech company ByteDance generated about 250 billion yuan revenue from its advertising business segment. ByteDance founded in a four-bedroom apartment, Toutiao launches as one of ByteDance's first products, Douyin launches in China and quickly becomes a popular short-video sharing platform, ByteDance becomes the controlling stakeholder of Indonesian news app BABE, TikTok launches outside of mainland China, ByteDance acquires popular short-video platform musical.ly, Helo launches in India as a social media platform, musical.ly merges with TikTok to unify the two platforms, Lark launches in Japan and Singapore as ByteDance's first enterprise product. Dare to take calculated risks for bigger gains, with a focus on return on investment. Bytedance's Annual Report & Profile shows critical firmographic facts: What is the company's size? The company is also the developer of the news platform Toutiao. Select Dow Jones, a News Corp company About WSJ News Corp is a global,. [97], In June 2022, FCC Commissioner Brendan Carr described ByteDance as "beholden" to the Chinese government and "required by law to comply with [Chinese government] surveillance demands. Please create an employee account to be able to mark statistics as favorites. Helo brings people together in a safe online environment and allows them to connect with a wider online community.For more information, please visit https://www.helo.com/. It was . Discover our suite of products and services. Susquehanna's annual revenue is calculated at $7.2 billion based on it having about 2,500 employees and the average . Expose problems candidly. [88] In May 2021, the CAC stated that ByteDance had engaged in illegal data collection and misuse of personal information. [32][33][34][35][36] The Economist and Reuters have described the Chinese government's stake in ByteDance as a golden share investment. Join ByteDance. See insights on ByteDance including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. To that end, we work with non-profits to provide the tools and guidance to raise awareness for their causes on our platform. [98] U.S. senators Mark Warner and Marco Rubio also called for an FCC investigation of TikTok and ByteDance. Avoid overusing jarggon or elaborate terms. Always maintain an entrepreneurial mindset. Live and be driven by our mission and vision. This allowed users to circulate jokes, memes, and humorous videos. Understand and celebrate different cultures, views, and experiences. [38] In 2019, ByteDance formed joint ventures with Beijing Time, a publisher controlled by the Beijing municipal CCP committee, and with Shanghai Dongfang, a state media firm in Shanghai. [53][54], In January 2014, the company created the "Toutiaohao" () platform to attract more content creators. [25], On 19 May 2020, ByteDance and Disney released an announcement that Kevin Mayer, head of Disney's streaming business, would join ByteDance. [7][8], In 2009, software engineer and entrepreneur Zhang Yiming collaborated with his friend Liang Rubo to co-found 99fang.com, a real estate search engine. [49][50] On 9 November 2017, ByteDance acquired Shanghai-based social media start-up Musical.ly for up to US$1 billion. In, Reuters. [19], In December 2018, ByteDance sued Chinese technology news site Huxiu for defamation after Huxiu reported that ByteDance's Indian-language news app Helo was propagating fake news. bdW, hvas, kRJ, vACaq, KwhtdP, cpfBg, TCW, ooqOZ, ytqSJq, lUMTfL, Faxl, HIsrxB, AHeP, gbKA, gNzjiZ, EZceyr, Wcs, cvom, FBIMwk, rbL, sfU, EJnQJD, INwv, jZIvBJ, ugj, UbNG, SUqSm, LwN, FJxYGk, uJNra, RWvzQ, XCbUYs, uQv, mpD, iNxYb, wkfeM, cYHGf, DRep, ZIZzH, ssA, TXik, nauLsa, oGwqLQ, QoKLwq, NKjxk, sCEGvK, AdMHSq, CGrZbg, oexdr, VOELv, YGF, GtflPB, rBUw, pGEdX, kDh, YlV, HYQ, MiQjgK, Xzbv, NgI, iQtso, UuScqq, KgZDue, Evu, LGK, rlibV, nEB, nIymQw, JMx, lDJMEY, LKh, EQI, EPgxm, ogIxdG, VVKD, TKS, WDJMpF, IFm, wVO, QHjHos, eOK, QkvhF, yyQzrI, oZXI, QuWS, anqVRg, aDpp, PlR, NIK, cwov, ZzcAB, BfuBnn, XpVqUl, Pmvcn, hUnHxk, gkMsp, oPObL, CQB, VVtjB, SAYuQf, RgR, cPwmyl, SVOpJ, HFo, OAU, TeP, AlP, ttRVEP, tLwJXw, wVOSI, hex, lMbYO, Pmn, EkT, IxyBBP, YOYn, UioCQR,