US President Biden's campaign team took advantage of the momentum of the Super Bowl to create a TikTok account, in order to attract support from young voters.
On February 7, Zhang Nan, CEO of Douyin Group, officially announced her resignation as Group CEO on WeChat, and will focus on the development of the Bytedance product CapCut in the future.
Indonesian tech giant GoTo announced today that TikTok has officially completed the transaction announced in December last year, spending $840 million to acquire 75.01% of the shares in GoTo's e-commerce subsidiary, Tokopedia.
In its announcement, Universal Music accused TikTok of "trying to build a music-based business without paying a reasonable price for the music."
ByteDance's Vice President of its virtual reality division, PICO, Ren Lifeng, has officially resigned to embark on a new entrepreneurial journey in the cross-border e-commerce sector.
Oriental Selection is exploring overseas markets with TikTok, improving the efficiency of product procurement processes by integrating high-quality supply chain resources.
TikTok's front-end and back-end developers, data analysts, algorithm engineers, and other positions working in China have been receiving notices to transfer to overseas locations.
ByteDance, the parent company of TikTok, is allegedly proposing to repurchase approximately $5 billion in shares from investors, a move that would value the company at around $268 billion, according to two sources familiar with the matter, per Reuters.
TikTok officially launched e-commerce services in the United States, and starting in early October, all American users will be able to see the entrance on the homepage.
Regarding the media report "Douyin abandons food delivery," Douyin stated that this information is untrue, and its group purchasing and delivery business is operating normally.
TikTok's e-commerce business has undergone business adjustments in the past few months. Notably, the platform has introduced a new model for its e-commerce project codenamed Project S. In simple terms, Project S operates with a full custody model. Under the model, merchants are only responsible for supplying goods, while the platform covers operations and fulfillment.
A recent report suggested that Chinese fast fashion retailer SHEIN could face the threat of a "Shut Down SHEIN" campaign. SHEIN has denied the allegations and affirmed its adherence to US laws and regulations.
The United States Congress recently held a hearing on TikTok after a three-year hiatus, revisiting concerns over the app's ownership by ByteDance and the possibility of separating it from the Chinese parent company or outright banning it in the US.
At a regular press conference on March 16, China's Foreign Ministry Spokesperson Wang Wenbin responded to a question about TikTok.
CapCut, a video editor owned by Chinese tech giant ByteDance and lesser known compared to TikTok, has obtained 200 million monthly active users (MAUs). It is now exploring commercialization.
On the morning of February 17, Liang Rubo, CEO of Beijing-based internet technology company ByteDance, sent an internal letter to all employees, saying that he would adjust the cycle of setting and reviewing of performance targets from bimonthly to quarterly.
Zhi Ying, vice president and head of content products of Douyin and Xigua Video, has been transferred to TikTok, Douyin's sister app. She will be responsible for TikTok's products, content ecology and other businesses.
ByteDance's Douyin, a short video app that is the counterpart of TikTok for mainland China, recently launched desktop software on its official website called "Douyin Chat," providing service for Windows and Mac clients.
Chinese tech giant ByteDance has launched a round of layoffs covering about one-tenth of its employees, mainly affecting staff members focused on R&D, products and operations.
The e-commerce arm of ByteDance-owned TikTok will see Kevin Chen, the current the head of news aggregator Toutiao, lead its product and data science division.