Recently, the internet medical website Baike Mingyi, which was fully acquired and controlled by ByteDance, has ceased operations.
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's mother company recently launched a large-scale product called "ChitChop".
ByteDance's gaming subsidiary, Nuverse, is said to initiate a large-scale layoff starting from Monday.
Cloudflare, an American technology-security company, reported on Monday that TikTok was the most visited internet site in the world in 2021, surpassing last year's leader, Google.
The popular short video sharing platform TikTok will cooperate with Virtual Dining Concepts to launch TikTok Kitchen, to provide food delivery services in the United States from March 2022.
Chinese corporate food services company Meican announced that it had obtained an E2 round of financing, and the investor was Sodexo.
Volcengine made its debut and released a full range of cloud products including cloud infrastructure, video and content distribution, data processing and artificial intelligence, with a total of 78 services.
Douyin, the Chinese mainland version of TikTok, recently tested a new app called "Douyin Box," positioning it as a trendsetting e-commerce platform.
TikTok and its sister app for the Chinese mainland Douyin, operated by Chinese Internet giant ByteDance, have accumulated approximately 3.3 billion installations in the global app stores.
In last week’s VC news, Hillhouse Capital Group plans to set up a 5 billion yuan fund, Airwallex bags $100 million at a $5.5 billion valuation and more.
ByteDance is shutting down its educational technology business in India. The company notified the local team on Monday.
The Pakistan Telecommunications Authority (PTA) lifted the country's ban on TikTok on November 19, following assurances by the popular Chinese video-sharing platform that it would work to control "immoral and indecent" content.
Chinese internet giant Bytedance has recently launched three new novel applications domestically and overseas.
ByteDance's Douyin has recently reached an agreement with China's original music record company, Modern Sky. The deal will see both sides work together on a variety of aspects in the industry.
StartDT, a provider of AI-based technology solutions, announced on Friday that it had completed the C1 round of financing exceeding 200 million yuan ($31.3 million).
ByteDance's Commercial Products Department held a general meeting on Thursday during which it was suggested that advertising revenue had seen no growth in China over the past six months.
“There are two 18-year-olds, one in China, the other in the United States, both poor and short on prospects. You have to pick the one with the better chance at upward mobility. Which would you choose?”
Tencent has sent an email to ByteDance's Douyin on November 11, saying that the firm was trialling a project to gradually allow third-party creators to use some of its copyrighted content and creation tools in their works.
In its most recent alpha test, ByteDance's Douyin has launched a "video-listening mode", with which users can continue to listen to videos they're watching on Douyin even after they've minimized the program or locked their screen.