Football fans in China previously watched the World Cup only through traditional television channels like CCTV or online video streaming platforms such as Youku, but during this year's edition, ByteDance's Douyin became the first short video platform in the country to obtain live broadcasting rights for the competition.
As a strong competitor of Meta's Quest 2 device, a range of new PICO 4 products released this year have earned extensive attention. Now the company is suffering from internal and external challenges.
Leading global research platform Hurun Research Institute released its Hurun China Rich List 2022 on November 8. Zhang Yiming, the founder of TikTok's parent company ByteDance, ranked second, and Robin Zeng, the chairman of battery giant CATL, ranked third.
Following prior moves in the UK and Indonesia, ByteDance's TikTok is preparing to explore the Spanish e-commerce market, while several US merchants have participated in small-scale tests of TikTok's domestic online shopping platform.
In late September, Beijing-based tech giant ByteDance announced a new online retail platform called "If Yooou." However, recent data shows that it has experienced a "[web] traffic crisis."
Since the beginning of the year, many Chinese internet giants such as ByteDance, Meituan and JD.com have launched new part-time job platforms in an attempt to further reduce their operating costs.
Since the beginning of this year, micro-lenders under five Chinese internet giants, namely Tencent, ByteDance, Baidu, Meituan and JD.com, have been successfully approved to issue ABSs amounting to 39.33 billion yuan ($5.4 billion).
ByteDance's Douyin, the sister app of TikTok for mainland China, has set up a new branch responsible for local life business in Chengdu, Sichuan Province and has also set up on-demand delivery and community group-buying distribution businesses.
It was reported that at about 17:31 on October 18, the global daily active users (DAU) of TikTok, a world-famous short video sharing app under ByteDance, exceeded 1 billion. Company insiders later responded that the news was untrue.
In order to reduce costs and increase efficiency, ByteDance had cut the project team for social metaverse app Party Island, and that relevant staff had returned to their original teams.
It's nothing new that TikTok's parent company ByteDance eyes the success of Xiaohongshu, a mobile app featuring community social and lifestyle recommendations, as something to be desires. Overseas, it mainly focuses on Lemon8, extending from Japan to Southeast Asian markets.
ByteDance subsidiary Douyin Group launched a new logo on October 12, and its account avatars on Douyin, TikTok's sister app for mainland China, and on its official WeChat account have been replaced with new ones.
TikTok parent company ByteDance reportedly achieved revenue of $61.7 billion in 2021, an increase of 80% year-on-year. Meanwhile, net losses reached an astonishing $84.9 billion.
A defamation case brought about by Shanghai-based game developer Moonton Technology against Tencent has recently reached a conclusion. Tencent was ordered to compensate Moonton for losses and expenses totaling 220,000 yuan ($30,800).
ByteDance's healthcare business is stepping into an accelerated period of resource integration, and a huge healthcare ecosystem is slowly forming.
ByteDance, the Beijing-based parent company of TikTok, has recently launched a new fast-fashion retail platform named "If Yooou." It currently covers European countries such as the UK, France, Germany, Italy and Spain.
On September 22, PICO, a VR brand owned by ByteDance, held a new product launch event, and officially released the new PICO 4 series of products to Europe, America, Japan, South Korea and Southeast Asia.
PICO, a VR device brand owned by ByteDance, has announced that it will hold a new product overseas launch event at 14:00 GMT+2 on September 22, five days ahead of the scheduled product launch in China.
Starting on September 4, the Chinese division of Japanese fast fashion brand Uniqlo commenced e-commerce livestreaming sessions on Douyin, TikTok's counterpart for mainland China owned by parent company ByteDance.
PICO, a smart wearables brand acquired by ByteDance, has announced that its new product will be unveiled at 14:00 GMT+2 on September 22. It could represent an important step for PICO to focus on overseas market expansion and enter into more direct competition with Meta's Quest.