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Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Social
bytedance.com

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Founded Year

2012

Stage

Private Equity | Alive

Total Raised

$7.44B

Revenue

$0000 

About ByteDance

ByteDance offers content platforms that enable people to enjoy content powered by AI technology. ByteDance operates a dozen products accessible all over the world including TikTok, Vigo, Toutiao, TopBuzz and more.

ByteDance Headquarter Location

No. 48, Zhichun Road Haidian District

Beijing, Beijing, 100098,

China

Latest ByteDance News

ByteDance’s Dali Education Reshuffles, Completely Abandoning Curriculum-Based Tutoring Courses for Compulsory Education Students

Nov 25, 2021

(Source: PYMNTS.com) According to a report by LatePost on Wednesday, Dali Education, ByteDance’s education unit, has recently started job cuts in many brands including GuaGuaLong, Qingbei Wangxiao, Xuelang, Hardware and Campus Cooperation. Nearly two thousand people will be laid off this month. Following the close of this year’s online classes at the end of the year, more than one thousand tutors working in Qingbei Wangxiao may also be fired. ByteDance’s last job cut was in August. Half of the 8,000 tutors in GuaGuaLong, an AI English learning app for children, were laid off. Since then, employees have continued to leave. The ByteDance education unit provided 15,000 jobs at the beginning of 2021, and once expanded. By November, there were fewer than 10,000 people. The new round of layoffs were not sudden, and many employees said they had known the issue half a month ago. An employee of GuaGuaLong said that on November 15, the employees started to distribute the brand hobbies in the warehouse, such as T-shirts, water cups and dolls. On the morning of November 22, the person in charge of GuaGuaLong informed staff of the layoffs at an internal meeting. Employees of Xuelang and GuaGuaLong are required to leave around November 25, and the company will give N+2 (working year + 2) monthly salaries as compensation. The layoffs in August were mainly aimed at service-oriented positions including sales and tutors. R&D and operation were less affected. Now the core products business, operations and R&D teams of GuaGuaLong and Xuelang have also been affected. None of the businesses involved in this round of layoffs have been directly affected by China’s recent regulation of the domestic education industry, dubbed the “Double Reduction” policy . Open Language offers English courses to adults. Xuelang provides a set of teaching tools for people with knowledge on TikTok, helps these talents make money and scale up to take a cut of their class fees. Education hardware focuses on products such as Dali smart lamps and tablets. The target customers are students in primary and secondary schools. It doesn’t directly provide courses to these students, but provides services such as smart search and video recording. Campus cooperation provides technical assistance to public schools through big data and AI. On November 2, Liang Rubo, CEO of ByteDance, issued an internal letter dividing ByteDance business into six units, among which the education unit is split into four subunits: smart learning, vocational education, education hardware and campus cooperation. This layoff shows that except for smart learning, the teams in the other three subunits will be reduced.

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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 3 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

917 items

A

AI 100 2018

99 items

A

Artificial Intelligence

7,904 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 252 patents.

The 3 most popular patent topics include:

  • Video compression
  • Video codecs
  • Videotelephony
patents chart

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Related Topics

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5/17/2021

11/23/2021

Video compression, Video codecs, Videotelephony, Lossy compression algorithms, IEC standards

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11/23/2021

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Related Topics

Video compression, Video codecs, Videotelephony, Lossy compression algorithms, IEC standards

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Status

Grant

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ByteDance Web Traffic

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

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