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ByteDance

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Social media and video streaming companies continue to face scrutiny from US regulators over data concerns. Photo: NurPhoto/Zuma Press/TNS

US FTC slams TikTok, Meta and Twitch over data used by AI

YouTube, social media platform X, Snap, Discord and Reddit were also included in the FTC report.

YouTube, social media platform X, Snap, Discord and Reddit were also included in the FTC report

20 Sep 2024 - 11:48AMvideocam

ByteDance’s lifestyle app Lemon8 gains popularity in US as TikTok faces possible ban

19 Sep 2024 - 8:00PM

Alibaba CEO eyes greater AI research and development, open sources 100 new LLMs

19 Sep 2024 - 7:00PM

ByteDance denies reported plan to make self-designed chips

The Chinese company rejected reports that it aims to engage the world’s largest chip foundry TSMC to mass-produce advanced semiconductors.

19 Sep 2024 - 5:00PM

ByteDance says reports that it plans hire TSMC to produce self-designed chips are untrue. Photo: Shutterstock Images

Crazy Xiaoyangge’s mooncake mess: influencer probed for ‘misleading’ claim

A local regulator in Anhui province is investigating the top-earning live-streamer for misleading consumers in a Mid-Autumn Festival sale.

18 Sep 2024 - 12:33PM

Explainer | From Facebook intern to TikTok CEO: a closer look at Singapore’s Shou Zi Chew

TikTok’s 41-year-old Singaporean CEO is facing an uphill battle to keep the platform alive in the US, while also maintaining a public profile.

17 Sep 2024 - 12:31PMvideocam

Challenge to law forcing TikTok’s sale or US ban heard in federal court

ByteDance and several TikTok users contend the law violates their First Amendment rights; the government says the app’s Chinese ownership is a national security risk.

17 Sep 2024 - 11:00PMvideocam

Participants hold signs in support of TikTok outside the US Capitol Building in March. Photo: Getty Images

US chokehold on China’s AI progress ‘unlikely to succeed’: report

China’s robust academic advancement and state-backed funding have made the nation a major challenger to the US in AI, according to ITIF.

16 Sep 2024 - 6:00PMvideocam

TikTok faces crucial court hearing that could decide fate in US

The US Court of Appeals for the District of Columbia will hold oral arguments on ByteDance’s legal bid to block a potential ban on the app.

16 Sep 2024 - 6:30AM

Lazada leverages AI, logistics in competition with rivals like Temu

Lazada Thailand CEO Varitha Kiatpinyochai said free returns and chatbots are proving to be important differentiators amid rising e-commerce competition.

16 Sep 2024 - 10:47PM

Lazada Thailand CEO Varitha Kiatpinyochai (right) discusses e-commerce trends in Southeast Asia with South China Morning Post technology production editor Matt Haldane at the Hong Kong-Asean Summit 2024 on September 13. Photo: Eugene Lee

Will US law banning TikTok prevail on secret government evidence?

Chinese-owned app’s legal case said to turn on information kept not only from the public but also from lawyers for the petitioners.

14 Sep 2024 - 5:12AMvideocam

A redacted passage from a court filing in TikTok’s legal challenge to a US law that forces it to divest from its Chinese owner or be banned stateside. Photo: Handout

In China, university students face internship paradox in bid for job prospects

Young Chinese hoping for a top job after graduation meet increasing competition and pitfalls on the way to building an eye-catching resume.

15 Sep 2024 - 7:51AMvideocam

TikTok’s Chinese sibling emerges as fast-rising e-commerce player

The short-video platform saw gross merchandise value rise by 46 per cent in the year ended July 2024, an executive says.

11 Sep 2024 - 11:47AM

Time 100 AI list includes China’s cyberspace chief for censoring GenAI

Time Magazine has included CAC head Zhuang Rongwen and ByteDance CEO Liang Rubo among 30 leaders in AI, along with Baichuan founder Wang Xiaochuan.

8 Sep 2024 - 10:00AM

The Time Magazine cover for its list of the 100 most influential people in artificial intelligence. Photo: X/@TIME

China’s new AI app stirs dreams of Iron Man’s virtual assistant becoming reality

Fintech giant Ant Group entered Jarvis-like territory when it launched AI app Zhixiaobao, a new smart assistant designed for everyday use.

7 Sep 2024 - 4:51PM

Speculation on how Jarvis, the fictional AI assistant of Iron Man, can be realised in China shows the lofty ambition of mainland developers. Photo: Shutterstock

Alibaba merchants hail WeChat Pay adoption on Taobao and Tmall

Many hope that the move could lure more consumers from rival platforms that already accept a variety of payment methods.

6 Sep 2024 - 7:00AMvideocam

TikTok’s possible US ban losing support among Americans, survey finds

Less than a third of US adults polled support that ban, and half now doubt the Chinese-owned app will actually be prohibited.

6 Sep 2024 - 6:47AMvideocam

Baidu rebrands flagship AI chatbot to stand out from rivals

The tech giant is leveraging its dominant position in the internet search market to gain an edge in the fast-growing Chinese AI sector.

4 Sep 2024 - 7:12PM

The Baidu headquarters in Beijing. Photo: Reuters

TikTok owner ByteDance offers more generous employee share buy-back

The firm’s latest repurchase programme, initially open to US employees, priced the vested restricted stock units at U$181 per share.

4 Sep 2024 - 5:00PM

Alibaba sets up new ‘digital technology’ firm under Taobao and Tmall Group

The new outfit appears to reflect how TTG could pursue further business expansion or sharpen its focus on certain activities.

4 Sep 2024 - 9:00AM

Pinduoduo updates rules to kick out sellers of shoddy products

A PDD executive said in a recent post-earnings call that the company is willing to sacrifice short-term profits for long-term health.

3 Sep 2024 - 9:30PM

Pinduoduo is taking measures to weed out sellers of low-quality or fake products. Photo: SCMP

TikTok owner ByteDance’s overseas business to get boost from US$9.5 billion loan

The company’s overseas e-commerce operation, for example, is still in an ‘input phase’ to build up its ecosystem, according to analyst Li Chengdong.

3 Sep 2024 - 7:11PM

TikTok owner ByteDance is keeping details of its reported US$9.5 billion bank loan close to the chest. Photo: Shutterstock

Chinese AI ‘tiger’ MiniMax launches text-to-video-generating model

Video-01 is the first iteration of the firm’s Sora-like tool, with future updates expected to enable users to generate videos from images.

6 Sep 2024 - 3:50PM

ByteDance board loses US fund founder, welcomes French entrepreneur

Coatue has reportedly been seeking to sell some of its ByteDance shares, as an IPO remains far-fetched.

2 Sep 2024 - 6:00PM

PDD returns some service fees to sellers after US$1.4 bln pledge

Sellers had been displeased that service fees were non-refundable even when customers cancelled an order.

1 Sep 2024 - 10:00AM

Pinduoduo, the Chinese shopping app run by PDD Holdings, is returning some service fees to merchants. Photo: Imaginechina via AFP

Hard labour? Chinese firms eyeing US expansion struggle to fill jobs

America-based teams ponder how to succeed as perception of working for a Beijing-tied entity deters many prospective applicants.

30 Aug 2024 - 11:00PMvideocam

China’s internet users near 1.1 billion, driven by short videos

In the first half of 2024, more than a third of China’s new internet users were drawn to short video apps, a government survey shows.

30 Aug 2024 - 7:00AM

TikTok owner ByteDance hires prominent talent from AI start-ups

The new hires come as the company pursues long-term plans to enhance GenAI research, as early efforts begin to pay off.

28 Aug 2024 - 8:30PM

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ByteDance

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ByteDance is best known as the owner of the global short-video and shopping platform TikTok. It also operates the similar Douyin app in China. Both apps have skyrocketed in popularity in recent years, especially among younger people. ByteDance has been the focus of strained relations between China and the West, with policymakers in the US, Canada and Europe expressing concern that TikTok's Chinese ownership puts sensitive user data within reach of the Chinese government.

Chairman / President

Rubo Liang

CEO / Managing Director

Zhang Yiming

CFO / Finance Director

Julie Gao

Industry

IT / Tech / Telecoms

Website

bytedance.com

Headquarters address

Haidian, Beijing, China

Year founded

2012

last updated:

27 August, 2024