Tag: byte dance

  • Highest Valued Startups in the World | Most Valuable Startups

    There are over a billion successful startups in the world, every startup strives hard to be successful and reach the top, but only a few make it to the list of most valuable startups in the world.

    Being the most valuable startup is a perk in itself because the funds they possess happen to be much more compared to their rivals and other companies giving them an extra edge to grow.

    Here’s a list of the Top 15 Highest Valued Startups in the world:

    1. ByteDance, China
    2. Kuaishou, China
    3. Ant Group, China
    4. Airbnb, USA
    5. Stripe, USA
    6. SpaceX, USA
    7. Didi Chuxing, China
    8. Klarna, Sweden
    9. Roblox Corporation, USA
    10. Grab, Singapore
    11. Canva, Australia
    12. Instacart, USA
    13. Databricks, USA
    14. UiPath, USA
    15. Revolut, UK

    ByteDance, China

    Startup Name ByteDance
    Headquarter Beijing, China
    Industry Internet
    Founder Zhang Yiming
    Founded March 2012
    Investors Kohlberg Kravis Roberts, SoftBank Group, Sequoia Capital,
    General Atlantic, and Hillhouse Capital Group.
    Products and services Toutiao, TikTok, BuzzVideo, Vigo Video, Helo, Xigua Video
    Lark, Babe
    Valuation $300 Bn (2022)

    Bytedance Founder | Zhang Yiming
    Bytedance Founder | Zhang Yiming

    Bytedance is the most valued startup in the world with a current valuation of $300 billion.

    ByteDance Ltd. is a Chinese multinational internet technology company headquartered in Beijing, ByteDance was founded by Zhang Yiming in 2012. ByteDance operates a range of content platforms that inform, educate, entertain, and encourage people across languages, cultures, religions, etc.

    ByteDance is the parent company of famous video-sharing social networking services TikTok and Vigo Video and many more, where the infamous app Tiktok crossed 2.6 billion downloads globally on the App Store and Google Play. As of now, it has over 1 billion monthly active users worldwide.

    Bytedance is also the parent company of Toutiao which is a news aggregator app that uses AI algorithms to track the habits of the reader and deliver relevant content.


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    Kuaishou, China

    Startup Name Kuaishou
    Headquarter Beijing, China
    Industry Internet
    Founder Su Hua and Cheng Yixiao
    Founded March 2011
    Investors Kuaishou counts Baidu and Sequoia Capital
    Products and services Sharing of short videos, photos, and live streams
    Valuation $287.98 Bn (2022)

    Kuaishou Founders | Su Hua, and Cheng Yixiao
    Kuaishou Founders | Su Hua and Cheng Yixiao

    Kuaishou is a short video social platform that is not much popular in western countries. It is a short video-sharing platform that has over 363.4 million daily active users and 626 million monthly active users in 2022. It is listed on most downloaded apps on google play and apps store outside of china, Kuaishou is often referred to as Kwai in overseas markets.

    Kuaishou was founded by Su Hua and Cheng Yixiao in march 2011. The direct competitor of Kuaishou is the infamous app Tiktok.

    Ant Group, China

    Startup Name Ant Group
    Headquarter Hangzhou, China
    Industry Fintech, banking, financial services
    Founder Jack Ma
    Founded October 2014
    Investors Warburg, Carlyle Group Inc, General Atlantic, Silver Lake Partners LP
    Products and services Online payments platform services, money market fund, Zhima credit, and more
    Valuation $70 Bn – $151 Bn (2022)

    Ant Group Founder | Jack Ma
    Ant Group Founder | Jack Ma

    Ant Group is an affiliate company of Chinese e-commerce giant, Alibaba. Previously known as Ant Financial and Alipay, Ant Group is the owner of the largest digital payments platform, Alipay, in China. The latter boasts of serving around 80 million merchants and approximately 1.3 billion users worldwide.

    The company is currently valued between $70 billion and $151 billion.

    Airbnb, USA

    Startup Name Airbnb
    Headquarter San Francisco, California
    Industry Lodging
    Founders Brian Chesky, Joe Gebbia, and Nathan Blecharczyk
    Founded August 2008
    Investors Greylock Partners, SV Angel, Sequoia Capital, Keith Rabois,
    Ashton Kutcher, Elad Gil, Jeremy Stoppelman, Y Ventures
    Products and services Lodging and Hospitality
    Valuation $57.54 Bn (2022)

    Airbnb Founders | Brian Chesky, Joe Gebbia, and Nathan Blecharczyk
    Airbnb Founders | Brian Chesky, Joe Gebbia, and Nathan Blecharczyk

    Airbnb is nothing but an accommodation marketplace that provides access to over 6 million unique places to stay comfortably and at their leisure in 220+ countries and regions. The company does not own any of the real estate listings, it just acts as a broker and earns a commission from each booking.

    Airbnb was founded by Brian CheskyJoe, Gebbia Nathan, and Blecharczyk in August 2008. Airbnb’s valuation dropped to $57.54 billion in 2022 from $130 billion (2021).

    Stripe, USA

    Startup Name Stripe
    Headquarter San Francisco, California, U.S
    Industry Financial services, Payment processor
    Founder Patrick Collison and John Collison
    Founded 2009
    Investors CapitalG and Khosla Ventures
    Products and services Payments Billing, Connect, Sigma, Atlas, Radar (fraud prevention), IssuingTerminal
    Valuation $74 Bn (2022)

    Stripe Founders | Patrick Collison and John Collison
    Stripe Founders | Patrick Collison and John Collison

    Stripe is an online payment processing platform for internet businesses. Stripe provides an API to web developers so that they can integrate payment processing on their websites and mobile applications. Stripe was founded by ‎Patrick Collison‎ and John Collison in 2009 in San Francisco, California, and the United States.

    Stripe allows other companies to receive payments over the internet with the help of its platform. Square, Adyen, PayPal, WePay, etc are the competitors of Stripe. As of 2022, 8,000 employees are working for the company.

    SpaceX, USA

    Startup Name SpaceX
    Headquarter Hawthorne, California, U.S.
    Industry Aerospace
    Founder Elon Musk
    Founded 2009
    Investors Google, Fidelity, Draper Fisher Jurvetson, Founders Fund,
    Valor Equity Partners, and Capricorn.
    Products and services Launch vehicles, rocket engines, Dragon capsules Starship (in development),
    Starlink, ASDS landing platforms, Orbital rocket launch
    Valuation $127 Bn (2022)

    SpaceX Founder | Elon Musk
    SpaceX Founder | Elon Musk

    It’s no surprise that SpaceX made it to the list of the top 10 most valuable startups in the world. SpaceX is a private American aerospace manufacturer and space transportation services company that manufactures rocket engines and thrusters. SpaceX has developed several launch vehicles and spacecraft.

    SpaceX was founded by Elon musk who also owns Tesla and PayPal, he founded SpaceX on 6 May 2002 which is now headquartered in Hawthorne, California, United States. SpaceX became the first private space company to launch humans into space. The main aim of SpaceX is to reduce space transportation costs and colonize Mars.


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    Didi Chuxing, China

    Startup Name Didi Chuxing
    Headquarter Beijing, China
    Industry Transportation
    Parent organization Beijing Xiaoju Technology
    Founder Cheng Wei
    Founded June 2012
    Investors Tiger Global, Matrix Partners, and SoftBank.
    Products and services Taxi, Express, Premier, Luxe, Bus, Designated Driving, Enterprise Solutions,
    Bike Sharing, E-bike Sharing, Automobile Solutions, and Food delivery
    Valuation $17.91 Bn (2022)

    Didi Chuxing Founder | Cheng Wei
    Didi Chuxing Founder | Cheng Wei

    Didi Chuxing is a world-leading mobile transportation platform. DiDi provides automobile services, including sales, leasing, financing, maintenance, fleet operation, electric vehicle charging, and co-development of vehicles with automakers. Didi uses artificial intelligence technologies and machine learning to optimize the dispatch system and route planning services of the platform.

    Didi is similar to the transportation service Uber, but it offers cheaper rides than Uber, DiDi platform provides over 10 billion passenger trips a year.  The subsidiaries of Didi include 99, Uber (China) Ltd, DIDI Bus, Xiaoju, Automobile Solutions Co., AssureSec, Qingju Bike, Shanghai Dahuangfeng, Network Information Technology Co. Ltd, Shanghai Shiyuan Technology Co., Ltd.

    Klarna, Sweden

    Startup Name Klarna
    Headquarter Stockholm, Sweden
    Industry Online payments, fintech, financial services
    Founders Sebastian Siemiatkowski, Niklas Adalberth, and Victor Jacobsson
    Founded 2005
    Investors Sequoia Capital, Silver Lake, Bestseller Group, Dragoneer, Permira, Visa, Ant Group
    Products and services Online payment services, Sofort Paycode, Sofort Ident
    Valuation $6.7 Bn (2022)

    Klarna Founders | Sebastian Siemiatkowski, Niklas Adalberth, and Victor Jacobsson
    Klarna Founders | Sebastian Siemiatkowski, Niklas Adalberth, and Victor Jacobsson

    Klarna is a Stockholm, Sweden-based fintech company that offers online payment services to empower digital payments like payments for online storefronts and other direct payments, including post-purchase payments.

    In 2021, it raised funds valued at $639 Mn led by Softbank Vision Fund II and some other investors, which had shot its valuation to $46 Bn. But Klarna’s valuation dropped to $6.7 Bn from $45.6 Bn in July 2022.


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    Roblox Corporation, USA

    Startup Name Roblox Corporation
    Headquarter San Mateo, California, USA
    Industry Gaming
    Founders David Baszucki, and Erik Cassel
    Founded 2004
    Investors Andreessen Horowitz, Greenspring Associates, Temasek Holdings, Tencent
    Holdings, Greylock Partners, Tiger Global Management, Index Ventures,
    Meritech Capital Partners, and Kleiner Perkins
    Products and services Games and Roblox
    Valuation $15.18 Bn (2022)

    Roblox Corporation Founders | David Baszucki, and Erik Cassel
    Roblox Corporation Founders | David Baszucki, and Erik Cassel

    Roblox Corporation is a video game developer from America with headquarters in San Mateo, California. Roblox Corporation is best known for developing Roblox, an online gaming platform and game creation system, in 2006.

    Roblox’s valuation dropped to $15.18 billion in 2022 from $41.9 billion (2021).

    Grab, Singapore

    Startup Name Grab
    Headquarter Singapore
    Industry Technology, Transportation, Food delivery
    Founders Anthony Tan and Tan Hooi Ling
    Founded June 2012
    Investors Softbank, Didi, Honda, CIC, Toyota
    Products and services GrabTaxi, GrabCar, GrabHitch, GrabShare, GrabCoach, GrabShuttle,
    GrabShuttle Plus, GrabFamily, JustGrab, GrabNow, and GrabRental
    Valuation $11.94 Bn (2022)

    Grab Founders | Anthony Tan and Tan Hooi Ling
    Grab Founders | Anthony Tan and Tan Hooi Ling

    Grab is a multinational ride-hailing company based in Singapore. It operates in South Asian countries and it is dubbed as its region’s first Decacorn (a startup with a valuation of over $10 billion). It provides services like transportation, on-demand delivery, and financial services on a single mobile platform.

    Canva, Australia

    Startup Name Canva
    Headquarter Sydney, Australia
    Industry Software, Graphic design platform
    Parent Organization Canva Pty Ltd
    Founders Melanie Perkins, Cliff Obrecht, and Cameron Adams
    Founded January 2013
    Investors Sequoia, Blackbird Ventures, and Felicis Ventures
    Products and services Canva online and app for graphic designing, Canva Pro, Canva for Enterprise
    Valuation $26 Bn (2022)

    Canva Founders | Melanie Perkins, Cliff Obrecht, and Cameron Adams
    Canva Founders | Melanie Perkins, Cliff Obrecht, and Cameron Adams

    Canva is a graphics design platform founded by Melanie Perkins, Cliff Obrecht, and Cameron Adams in Perth and headquartered in Sydney, Australia. The users can use this platform to design their website banners, presentations, social media, documents, or any other visual content online or through the Canva app. Canva also provides a wide range of templates for free. Furthermore, the app also offers paid subscriptions like Canva Pro and Canva for Enterprise containing a broad spectrum of additional content and other functionalities.

    Instacart, USA

    Startup Name Instacart
    Headquarter San Francisco, California, US
    Industry Technology, Grocery, E-grocery
    Parent Organization Maplebear Inc.
    Founders Apoorva Mehta, Max Mullen, and Brandon Leonardo
    Founded June 2012
    Investors Kleiner Perkins, Caufield & Byers, Andreessen Horowitz, Sequoia Capital,
    Y Combinator, Khosla Ventures
    Products and services Grocery delivery services
    Valuation $13 Bn (2022)

    Instacart Founders | Apoorva Mehta, Max Mullen, and Brandon Leonardo
    Instacart Founders | Apoorva Mehta, Max Mullen, and Brandon Leonardo

    Instacart is a popular grocery delivery and pick-up service renowned for its services in the USA and Canada. With the wide range of grocery retailers that Instacart collaborates with customers need not wait for too long to order their groceries online and shop smoothly and conveniently with the help of a personal shopper.

    Databricks, USA

    Startup Name Databricks
    Headquarter San Francisco, California, US
    Industry IT, Analytics, AI, ML
    Founders Ali Ghodsi, Andy Konwinski, Ion Stoica, Matei Zaharia, Patrick Wendell,
    Reynold Xin, and Scott Shenker
    Founded 2013
    Investors Microsoft, Andreessen Horowitz, Alkeon Capital Management
    Products and services Helps in pulling data from Azure Blob Storage, AWS S3, Azure SQL Data Warehouse,
    Azure Data Lake Store, and numerous other NoSQL data stores
    Valuation $38 Bn (2022)

    Databricks Founders | Ali Ghodsi, Andy Konwinski, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin, and Scott Shenker
    Databricks Founders | Ali Ghodsi, Andy Konwinski, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin, and Scott Shenker

    Created by Apache Spark, Databricks is an enterprise software company that acts as a web-based platform that works with Spark, thereby offering automated cluster management services and IPython-style notebooks. Some of the open-source projects that the company has created include Delta Lake, MLflow, and Koalas, mostly spanning data engineering, data science, and machine learning.


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    UiPath, USA

    Startup Name UiPath
    Headquarter New York City, US
    Industry Robotic Process Automation, Automation, AI
    Founders Daniel Dines, and Marius Tîrcă
    Founded 2005
    Investors Accel Partners, Coatua, CapitalG
    Products and services AI Center Action Center Apps, Assistant Automation Hub, Automation Platform,
    Document Understanding Insights, Orchestrator Process Mining, StudioX Test Suite
    Valuation $6.89 Bn (2022)

    UiPath Founders | Daniel Dines, and Marius Tîrcă
    UiPath Founders | Daniel Dines, and Marius Tîrcă

    The Romanian company UiPath is a global software company headquartered in New York City, USA. UiPath uses Robotic process automation (RPA) and monitors user activities, to help automate repetitive tasks in both the front and the back ends of companies. UiPath’s automation is including but is not limited to customer relationship management.

    Revolut, UK

    Startup Name Revolut
    Headquarter London, England, UK
    Industry Fintech, Banking
    Founders Nikolay Storonsky, and Vlad Yatsenko
    Founded July 1, 2015
    Investors Softbank, Tiger Global
    Products and services Banking services including GBP and EUR bank accounts, debit cards,
    fee-free currency exchange, stock trading, cryptocurrency exchange, and
    peer-to-peer payments
    Valuation $33+ Bn (2022)

    Revolut Founders | Nikolay Storonsky, and Vlad Yatsenko
    Revolut Founders | Nikolay Storonsky, and Vlad Yatsenko

    Headquartered in London, England, Revolut is a financial technology company that offers banking services. Revolut offers a wide range of services including accounts featuring currency exchange, debit cards, virtual cards, Apple Pay, interest-bearing “vaults”, commission-free stock trading, crypto, commodities, and more. Founded in 2015 Revolut has shown incredible growth throughout the years and expanded to various markets across countries including Japan. Furthermore, it has also been successful in amassing around 3500 employees, who work for the organization.

    With $5.10 billion, as estimated in November 2020, Revolut emerged as the UK’s most valuable fintech. The company is presently valued at $33+ billion, which makes it Europe’s most-valued startup, surpassing Checkout.com.

    Conclusion

    This is the list of the Top 15 Highest Valued Startups in the world. Hope you have enjoyed reading it. Feel free to let us know what you think about our content and also mention any more content ideas that you think might be helpful for readers, budding startups, entrepreneurs, and other individuals!

    FAQs

    Which is the most valued startup in the world?

    With over $300 billion valuation, ByteDance – the parent company of TikTok, is the most valued startup in the world.

    Which types of startups are most profitable?

    Some of the most profitable startups are:

    • E-commerce
    • Business Consulting
    • Tech Support and Consulting
    • Real Estate
    • Online courses
    • Website, Logo, and Graphic Design Services

    What types of startups are in demand?

    Some of the startups in demand are:

    • Vehicle Renting Services
    • Trucking & Delivery Services
    • Food Delivery Services
    • Grocery Delivery Services
    • Vacation Rental Services
    • Learning Apps

    Do 90% of startups fail?

    Yes, 90% of startups fail. Only a few startups are successful by overcoming the obstacles and challenges on their way.

  • ByteDance’s Success Story—World’s Most Valued Startup

    A survey carried out by TCS in 2011-2012 revealed that the younger generation in India prefers smartphones over television when it comes to entertainment. Not just India, around the world, today more and more people are turning to their smartphones for entertainment, information, and more, and one company that is making the most of this trend is ‘ByteDance’. Founded in the year 2012, this technology company has developed many platforms for information, education, inspiration, and more, and these platforms are being loved and used by people from all around the world. One of the most popular platforms developed by ByteDance being TikTok, which has over 800 million active users worldwide as of 2019.

    In the current scenario, owing to the growing tension between China and many countries in the world, made-in-China products including apps are being boycotted by many countries like the USA, UK, Australia, Philippines, Vietnam, and India. Though the growing hate for China has led to ByteDance losing many users, but from the startup point of view, ByteDance no doubt has done a commendable job, as it rose to be the ‘World’s most valuable startup’, just within 8 years of its inception. This article is a compilation of some important and fascinating facts and figures about ByteDance that you will love to know.

    COMPANY HIGHLIGHTS

    Startup Name ByteDance
    Headquarter Beijing, China
    Founder Zhang Yiming
    Founded 9th March 2012
    Industry Internet
    Parent Organization ByteDance Ltd.
    Website bytedance.com

    ByteDance—About
    ByteDance—Founder & Team
    ByteDance—Acquisitions
    ByteDance—Funding & Investors
    ByteDance—Competitors
    ByteDance—Growth
    ByteDance—Future Plans
    FAQ’s
    Conclusion

    ByteDance—About

    ByteDance Logo

    Based in Beijing China, ByteDance is a multinational internet technology company, and it has developed many popular mobile-first products. Some of the popular products of ByteDance’s include –

    • Douyin is similar to Tiktok and is available in China. Douyin lets its users create short-form mobile videos.
    • Toutiao or Jinri Toutiao, ( meaning today’s headlines) is one of the most popular content discovery apps of China. The company’s algorithm is designed to serve customized content to its users.
    • Tiktok – Similar to Douyin that operates in China, Tiktok is a platform that operates outside China. Tiktok lets its users create various interesting short lip-sync, dance, comedy, and other videos
    • Xigua – Earlier known as Toutiao video, Xigua video is an app through which users can discover, enjoy and share short as well as long-form videos.
    • Helo – Developed especially for India, the Helo app curates content in 15 Indian regional languages and provides customized content to each user.
    • Lark – Collaboration and communication platform Lark make work easy for a remote team through various features like messenger, video conferencing, cloud storage, calendar, and online docs and sheets.

    Besides these, there are several other platforms by ByteDance like, BaBe, which is Indonesia’s leading news and content app, Gogokid –  an English learning platform for kids, and Vigo Video – a video-making app. However, as per recent reports (June 2020), ByteDance is set to shut down Vigo Video in India.

    ByteDance—Founder & Team

    Zhang Yiming | Founder, Chairman, and CEO of ByteDance

    Founder, Chairman, and CEO of ByteDance, Zhang Yiming is an entrepreneur and philanthropist. A Chinese national, Zhang Yiming, presently is 37 years old. He completed his graduation (software engineering) from Nankai University in Tianjin. Yiming’s personal wealth is estimated at $13 billion, which makes him the 9th richest man in China.

    In the year 2006, Yimimg became the fifth employee and first engineer at the travel website Kuxun. Later he became the technical director at Kuxun. In 2008, Yiming joined Microsoft, however found it tough to cope up with the company rules of Microsoft which made him leave Microsoft to join Fanfou (Twitter clone in China). In 2009, Fanfou was shut down owing to certain controversies, and that very year, Yiming started his very first startup 99fang.com, which is a real estate search portal. Meanwhile, smartphones began to take over and more and more people started using smartphones, and Yiming could very well see the opportunity underlying it, which made him leave 99fang.com to start ByteDance in 2012.

    Currently, ByteDance has over 60,000 employees in 126 cities.

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    ByteDance—Acquisitions

    ByteDance has acquired several companies to date –

    • In 2017, ByteDance acquired ‘Flipgram’. Flipagram, Inc. is a place where cropping and editing of videos are made simple along with making a video, adding music to that, and making it a film.
    • In November 2017, the global news app News Republic got acquired by ByteDance.
    • Musical.ly, (a lip-sync video making and sharing platform) is another major acquisition made by ByteDance in 2017. In 2018, ByteDance merged Musical.ly with TikTok.
    • In 2019, ByteDance acquired big data firm Terark.
    • Baike.com, China’s local online encyclopedia was also acquired by ByteDance in 2019.
    • In 2019 itself,  ByteDance acquired Shanghai based mobile game developer, Mokun Technology
    • In January 2020, ByteDance acquired LevelupAI, An AI startup that provides AI solutions for Video Game Industry.
    • Baikemy.com, is the latest acquisition by ByteDance. Acquired in May 2020, Baikemy.com is one of China’s largest medical information portals.

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    ByteDance—Funding & Investors

    ByteDance has raised funding worth over $ 7.4 billion to date. Below are the details of the funding raised by ByteDance so far –  

    Date Stage Amount Investors
    January, 2012 Series A $5 Million SIG China
    January, 2013 Series B Undiclosed Yuri Milner
    June, 2014 Series C $100 Million Sequoia Capital China, Source Code Capital, Weibo
    April, 2017 Series D $1 Billion K3 Ventures, CCB International, Altimeter Capital, Sequoia Capital China, Qiming Venture Partners
    August, 2017 Private Equity Round $2 Billion General Atlantic
    October, 2018 Series E $3 Billion General Atlantic, SoftBank,Kohlberg Kravis Roberts, Primavera Capital Group
    April, 2019 Debt Financing $1.3 Billion Goldman Sachs, Morgan Stanley
    August, 2019 Funding round GGV Capital
    March, 2020 Seconadary Market Tiger Global Management

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    ByteDance—Competitors

    In China, major Competitors of ByteDance are Alibaba, Baidu, and Tencent.

    ByteDance took a larger piece of the digital advertising market than fellow Chinese companies like Tencent and Baidu during the first half of 2019. ByteDance has overtaken Baidu to become the second-largest performer in China. ByteDance took 23% of all digital media to spend in the first half of the year 2019, which is equivalent to $7 billion.

    Globally, ByteDance is competing with giants like Facebook, Google, and Snapchat.

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    ByteDance—Growth

    Many platforms developed by ByteDance have received wide popularity. As estimated by mobile app analytics platform Apptopia, one of ByteDance’s top popular products TikTok’s revenue raised by 310% to over $50 million in the last quarter of 2019.

    ByteDance’s revenue increased to $ 17 billion in 2019, from $7.4 billion in 2018. Again ByteDance’s profit for 2019, is reported to be $3 Billion.

    Talking about valuation, ByteDance is reportedly worth over US$100 billion as of May 2020 based on recent prices for the Chinese company’s shares on secondary markets, according to the Financial Times. Thus now ByteDance is valued over one-third higher than that in November 2018, when it was valued at around $ 75-$78 billion. The company is no doubt growing into a potent online force.

    ByteDance—Future Plans

    Amidst the coronavirus crisis, while many companies are busy cutting down their workforce, ByteDance in April 2020, announced that it is hiring staff to fill 10,000 vacant posts in different domains. In 2020, ByteDance is planning to hire 40,000 employees, in a bid to match Alibaba’s headcount. Besides, ByteDance is looking forward to strengthening its position in areas such as e-commerce and gaming. The company is also expected to go public soon.

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    FAQ’s

    What does ByteDance mean?

    ByteDance is the developer of the video-sharing social networking services and apps TikTok and Douyin, the Chinese-specific counterpart to TikTok.

    Who is TikTok owned by?

    A US trading firm reportedly owns 15% of TikTok-owner ByteDance, a stake potentially worth more than $15 billion. US trading firm Susquehanna reportedly owns 15% of TikTok-owner ByteDance, a stake that is potentially worth more than $15 billion.

    Is ByteDance a good company to work for?

    Even though the recent layoff, it’s very much satisfying to do a job here. Work culture, management, policies are excellent and I wanna go along with my ByteDance family for many more years.

    Is TikTok owned by Chinese government?

    TikTok is owned by the Chinese technology giant ByteDance. And while TikTok has taken steps to distance itself from its Beijing parent company, both the Trump administration and some Republicans and Democrats in Congress fear the Chinese Communist Party could use TikTok as a tool to spy on Americans.

    How does ByteDance make money?

    One obvious way TikTok makes money is by running ads. In June of 2020, the popular video-sharing app launched TikTok for Business as a way for brands to run their own ads within the app. There are several types of TikTok ads, including In-Feed ads, Brand Takeovers, and Branded Hashtag Challenges.

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    Conclusion

    ByteDance is a global tech company which is headquartered at Beijing, China. The company is operating on a range of platforms allowing people to connect across languages, cultures and geographies to create, discover and connect. The company has products mostly in social media applications. The company has a portfolio of applications available in over 150 markets and 75 languages, which includes TikTok, Helo, Douyin, Resso, Lark, Toutiao, and BaBe.

    Are you looking to work for ByteDance? They’re looking for creative, bold people who embrace ownership and are driven to make a positive impact on the world. If you’re excited to collaborate with diverse global teams and lead fast-paced initiatives that make a difference from day one, work with us and challenge yourself to move the world!