Recent events
Recent events tied to this brand in public sources.
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2021
ByteDance AI Lab paper wins ACL 2021 Best Paper award
A machine-translation technology paper by ByteDance AI Lab won the ACL 2021 Best Paper award, selected from 3,350 submissions.
2021
ByteDance education business begins large-scale layoffs
TMT Post reported that ByteDance's education business had begun large-scale layoffs, mainly affecting children's education and K-12 operations. It reported that nearly all short-term-class tutors in the Guagualong business were cut, while the long-term-class business was temporarily unaffected. ByteDance separately denied a circulating claim that all education-business employees had been laid off.
2021
ByteDance affiliate becomes shareholder of Heipa Cloud
A ByteDance-affiliated company was added as a shareholder of Chengdu Heipa Cloud Information Technology Co., Ltd.; it became the company’s third-largest shareholder, with an approximately 14.85% stake.
2021
迦智科技 completes B+ funding round
迦智科技 announced that it completed a B+ funding round worth hundreds of millions of yuan, led by Xianghe Capital, with Shenzhen Capital Group participating and existing investors ByteDance and Lenovo Capital investing further. The company said the funding would mainly support product research and development and expansion of its sales team.
2021
ByteDance launches Volcano Engine
ByteDance launched the Volcano Engine brand to offer its recommendation algorithm and other technologies to corporate clients.
2021
ByteDance launches the Yitong Partner Plan
ByteDance Public Welfare, Dali Education and the China Philanthropy Research Institute at Beijing Normal University released the Yitong Partner Plan, a rural children's education public-welfare program.
2021
Jiazhi Technology completes Series B financing
Jiazhi Technology announced that it had completed a Series B financing round of around RMB 100 million, led by ByteDance with Lenovo Venture Capital participating. The proceeds are intended for product research and development, marketing, and business deployment.
2021
ByteDance announces CEO succession
ByteDance announced that CEO Zhang Yiming would step down and be succeeded by Liang Rubo. Zhang was expected to move to a key strategy position at the end of the year.
2021
ByteDance's Nuverse acquires C4games
ByteDance said its gaming unit Nuverse acquired Shanghai-based video games studio C4games.
2021
ByteDance acquires Youai Interactive
A report said ByteDance fully acquired Youai Interactive on April 13, and Youai Interactive's CEO announced that the company had joined ByteDance's games business.
2021
ByteDance acquires Moonton
ByteDance, through its gaming subsidiary Nuverse, acquired Shanghai-based video game developer Moonton. The article reports that the deal valued Moonton at approximately $4 billion.
2021
ByteDance sues Tencent over alleged monopolistic conduct
ByteDance sued Tencent in Beijing, alleging that Tencent violated Chinese antitrust laws by blocking access to Douyin content on WeChat and QQ. ByteDance sought an order to stop the conduct and 90 million yuan in compensation. Tencent called the accusations false and malicious and said it had not received lawsuit materials.
2021
TikTok announces employee reductions in India
TikTok said it had decided to reduce its workforce in India after the company said it had not received a response from the government on resolving the issues after seven months. The article reports that nearly 800 employees could be affected, citing media sources; TikTok itself did not disclose a specific number.
2021
ByteDance reduces its India workforce
ByteDance told employees in India that it was reducing the size of its team and retaining only crucial roles, following notice from the Indian government that the TikTok ban would continue.
2021
ByteDance begins rolling out Douyin Pay
ByteDance said it had begun rolling out Douyin Pay, an electronic payment service connected to Douyin, to users in China.
2021
Xiaohe Health becomes a shareholder in Songguo Medical
Songguo Medical's business registration changed to add ByteDance's wholly owned subsidiary Xiaohe Health Technology (Beijing) as a shareholder, while the previous shareholder exited.
2021
Douyin launches Douyin Pay
ByteDance launched Douyin Pay, a third-party payment service for Douyin in China.
2020
Dali Education launches its first educational hardware product
ByteDance announced the new Dali Education brand, which released its first educational hardware product, the Dali Smart Homework Lamp.
2020
ByteDance sued Jinri You Tiao over trademark infringement
ByteDance, the parent company of Jinri Toutiao, sued the Jinri You Tiao shop over alleged trademark infringement. The source says the court heard the dispute on September 11 but does not state when the lawsuit was filed.
2020
ByteDance launches Danjuan Games
ByteDance launched Danjuan Games, a mobile-only game store featuring casual games.