Reddit Acquires TikTok Rival Dubsmash
Social news platform Reddit on Sunday said that it had acquired short-video platform Dubsmash, to become the latest company to expand in the short-form videos space dominated...
Tag : Bytedance
Sequoia Capital, KKR Led ByteDance Funding Round Valuing at $180 Bn
US venture capital firm Sequoia Capital and global investment firm KKR & Co. lead in ByteDance’s latest funding round, valuing the Chinese tech giant and TikTok owner at $180 billion, said two people...
New Executive Order By Trump Gives 90 Days to ByteDance to Divest Interest in TikTok Unit
Amidst concerns of safety of personal data and to exert pressure on the parent Chinese company President Donald Trump on Friday ordered ByteDance to divest within 90...
The Clock Stops – TikTok
TikTok has been the most popular app recently that has enabled users worldwide to share their short videos for consumption on social media platforms. On...
ByteDance AI Research Head to Leave as Pressure Mounts TikTok
Ma Wei-Ying, still at present the AI research head, joined Bytedance from Microsoft to become a vice president and head of the AI lab in...
Parent Firm Bytedance Considers Selling Majority Stake of TikTok
With value at $100 billion, Bytedance’s investors include global firms like KKR, Tiger Global, Softbank’s Vision Fund, Tiger Global, Sequoia and General Atlantic among others. Most of...
TikTok’s Parent Company Bytedance Made $3 Bn in Profits in 2019
TikTok owner Bytedance made over $3 billion in net profit last year, according to media reported. Inside sources told the publication that the company made $17...