ByteDance's VR business PICO is gradually shrinking its front line this year.
PICO is currently operating normally, and ByteDance will also continue to invest in XR business for the long term.
ByteDance renames “Qingtao” to “Douyin Selection”, escalating Bilibili competition.
Neil Shen, the founding and managing partner of Sequoia China, has been named this year's top investor in the 2023 Forbes Midas List. This marks his fourth time taking the top spot.
The Education Bureau of Longyan City in Fujian Province announced on May 4th that Zhang Yiming, the founder of ByteDance, a Chinese tech giant, donated an extra 200 million yuan ($28.9 million) to the Fangmei Education Development Fund.
On April 28th, all official patient communication groups owned by Xiaohe Health under Beijing-based tech giant ByteDance will cease operations due to business adjustments. In February, rumors circulated that the Xiaohe Health App would be shut down.
Tencent's game "Return to Empire" is now eligible for promotion through traffic acquisition strategies on ByteDance's platforms, including TikTok's sister app Douyin, news and information content platform Toutiao, and streaming platform Xigua Video.
ByteDance's office software, Feishu, released a video preview of its upcoming intelligent assistant "My AI" on April 11. The product is still in development, and there is no specific timeline for public testing or launch at this time.
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.
The developer of Flomo, a note-taking tool, has expressed intentions to acquire ByteDance's office tool Feishu's mind mapping software Mubu. Flomo did not reveal the exact amount of the purchase.
Last year, Qi Junyuan, the founder of collaboration and project management tool Teambition, joined ByteDance's office software platform Feishu and now has begun to take charge of the Japanese market for the company.
TikTok parent company ByteDance has made many prior moves into the real estate business. It intends to build a brand in the field named "Qiuhe Real Estate" for the western region of China.
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.
TikTok parent company ByteDance, food delivery giant Meituan and tech giant Baidu have recently launched their own AI-generated content (AIGC) products.
In the large language model R&D craze brought to the mainstream by ChatGPT, tech giants and entrepreneurs in China declared their intention. TikTok parent company ByteDance is also one of the players in the promising field.
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.
Chinese shopping platform giant Meituan is revamping its short video and livestreaming features in response to competition from Douyin's entry into the take-out field. Douyin is TikTok's sister app in China.
Feishu, an office tool owned by Chinese tech giant ByteDance, announced that its annual recurring revenue (ARR), a key indicator, reached $100 million in 2022, an increase of 2.7 times compared with 2021.
PICO, a VR brand acquired by ByteDance, will launch two new products in the near future, one of which will be the PICO 4 Pro, to be launched in April or May, and the other is a low-end version based on the PICO Neo 3 for the lower-end market.
ByteDance's short video app Douyin will reportedly launch food delivery services in all major Chinese cities on March 1, following internal testing in Beijing, Shanghai, and Guangzhou.