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ByteDance

bytedance.com

Founded Year

2012

Stage

Private Equity | Alive

Total Raised

$7.44B

Revenue

$0000 

About ByteDance

ByteDance offers AI technology-enabled content platforms. ByteDance operates a dozen products accessible all over the world including TikTok, Vigo, Toutiao, TopBuzz and more. The company was founded in 2012 and is based in Beijing, China.

Headquarters Location

No. 48, Zhichun Road Haidian District

Beijing, Beijing, 100098,

China

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Expert Collections containing ByteDance

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ByteDance is included in 4 Expert Collections, including Digital Health.

D

Digital Health

8,838 items

Startups recreating how healthcare is delivered

U

Unicorns- Billion Dollar Startups

1,201 items

A

AI 100

99 items

A

Artificial Intelligence

9,442 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

ByteDance Patents

ByteDance has filed 1 patent.

The 3 most popular patent topics include:

  • Video compression
  • Video codecs
  • Videotelephony
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/15/2021

11/22/2022

Video compression, Video codecs, Videotelephony, Lossy compression algorithms, Video acceleration

Grant

Application Date

3/15/2021

Grant Date

11/22/2022

Title

Related Topics

Video compression, Video codecs, Videotelephony, Lossy compression algorithms, Video acceleration

Status

Grant

Latest ByteDance News

TikTok still doesn’t inspire confidence

Nov 25, 2022

November 24, 2022 ↗ The potential risks of TikTok do not end with the possibility of misuse of user data. As it replaces information channels and news in many ways, it also becomes a potential platform for disinformation or propaganda. Freepik photo Mobile app and short video-sharing social network TikTok is still in the spotlight amid concerns about security risks stemming from the murky relationship between TikTok, its Beijing-based parent company ByteDance (侦轳跳动) and the Chinese government, which could potentially through ByteDance access user data collected by TikTok. TikTok has long denied any doubts about the security of its application and declares that its operation in countries outside of China is strictly separate from the Chinese version, which ByteDance operates under the name Douyin (抖音). Thus, the company should store the data of European and American users in the USA and Singapore and not in the People’s Republic of China. In a recent privacy policy update, however, the app to European users he admits , that in some cases their data may also reach TikTok employees in other countries, including a branch in China. Although ByteDance continues to insist that even in such a case user data will not fall into the hands of the Chinese government, however, if the Chinese authorities ever request it, as a company subject to Chinese laws, it will have to provide it. Because of these security risks, TikTok is facing political pressure in Western countries. In the United States the political debate continues about the app’s future after President Joe Biden reversed his predecessor Donald Trump’s decision to ban TikTok on US soil unless it is bought by an American owner. But Biden’s welcoming step is conditioned on the fact that the company resolves the ambiguities regarding the application’s security and takes steps that will actually prevent the possible misuse of American users’ data by the Chinese state. Network with Chinese features The potential risks of TikTok do not end with the possibility of misuse of user data — the collection of which, aside from the Chinese ties, the application is not fundamentally different from other social networks and similar services. At its core, TikTok does not function as a classic social network, but rather as a platform for creating and sharing content. It is distributed among users based on algorithms that recommend other videos to viewers based on previous preferences and interactions with the content. TikTok’s algorithms thus work on a different principle than those of regular social networks, which are based more on the social ties of users. The popularity of TikTok has grown considerably in recent years and, especially for the younger generation, it is one of the most used applications and at the same time a source of content that replaces not only television, but also newer media such as YouTube. At the same time, short tiktok videos do not always serve only as entertainment, but in many ways they also replace information channels and news, thus becoming a potential platform for disinformation or propaganda. It is for such purposes that TikTok and its algorithms could be used by the PRC through ByteDance. After all, it is already for similar purposes to a certain extent also uses Western social networks . However, if the Chinese authorities and their propaganda system were able to directly influence the content and its display on TikTok, their reach would be significantly greater. Comment●Francis Vrabel How Facebook Became Humanity’s Opium In the past, the “Chinese specificity” of the network manifested itself primarily in its moderation, which focused, among other things, on deleting content that mentions topics that are unpleasant for China as events in Tiananmen Square or the issue of Xinjiang, Tibet and Taiwan. Moreover, the disclosure of these practices came as the social network faced accusations of censoring videos from pro-democracy protests in Hong Kong, and essentially confirmed that TikTok had, at least for some time, moderated the network’s content according to the PRC’s needs. In 2020, Chinese authorities reportedly asked for a TikTok account to spread positive content about China on the network without TikTok publicly identifying it as a government account. The request was ultimately rejected by TikTok’s operators, suggesting that its administrators in Western countries have learned their lesson and are trying to avoid associating with the Chinese government as much as possible. TikTok’s degree of interdependence with parent company ByteDance which like other big Chinese tech firms is under a lot of pressure from the government and the Communist Party, but remains unclear.

ByteDance Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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ByteDance Rank

ByteDance Frequently Asked Questions (FAQ)

  • When was ByteDance founded?

    ByteDance was founded in 2012.

  • Where is ByteDance's headquarters?

    ByteDance's headquarters is located at No. 48, Zhichun Road, Beijing.

  • What is ByteDance's latest funding round?

    ByteDance's latest funding round is Private Equity.

  • How much did ByteDance raise?

    ByteDance raised a total of $7.44B.

  • Who are the investors of ByteDance?

    Investors of ByteDance include China Internet Investment Fund, Tiger Global Management, Bank of China, Barclays Bank, HSBC and 25 more.

  • Who are ByteDance's competitors?

    Competitors of ByteDance include Kuaishou, Triller, Mitron, Chingari, Bolo Indya and 9 more.

Compare ByteDance to Competitors

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Chingari

Chingari is a social app that allows users to create short video entertainment experiences.

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Bolo Indya

Bolo Indya is a video-based knowledge sharing platform. Bolo Indya enables users to create and consume short videos with a maximum duration of 70 seconds. Video subjects include life, relationships, career, motivation, finance, technology, sports, and more. The users can also interact with other content creators.

T
Trell

Trell is a community-based platform for discovering lifestyles through videos in Indian languages. Users create video collections showing their explorations, travel stories and food blogs and other users can then add these activities to their own bucket-list which sends a reminder if the user is near the location or activity.

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Triller

Triller provides a music video application for creators and influencers. It encourages influencers to post the content created on the application across different social media platforms. The company uses proprietary Artificial Intelligence (AI) technology to push and track influencers' content. Triller was founded in 2015 and is based in Los Angeles, California.

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Discord

Discord is an all-in-one voice, video, and text chat app designed specifically for gamers. The app aims to be free and secure and works on both desktop and phone. The company was founded in 2012 and is based in San Francisco, California.

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IQONIQ

IQONIQ is a fan engagement platform made for fans of sports and entertainment. The app allows users to explore content, buy items, and engage with others.

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