ByteDance in the context of Variable-interest entity


ByteDance in the context of Variable-interest entity

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⭐ Core Definition: ByteDance

ByteDance is a Chinese internet technology company headquartered in Haidian, Beijing. Its associated variable-interest entity ByteDance Ltd is incorporated in the Cayman Islands.

Founded by Zhang Yiming, Liang Rubo, and a team of others in 2012, ByteDance developed the video-sharing app TikTok/Douyin. The company is also the developer of the news platform Toutiao, the video-editing app CapCut, and Lemon8 which is a video sharing mobile app.

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ByteDance in the context of TikTok

TikTok, known in mainland China and Hong Kong as Douyin (Chinese: 抖音; pinyin: Dǒuyīn; lit. 'Shaking Sound'), is a social media and short-form online video platform owned by Chinese Internet company ByteDance. It hosts user-submitted videos, which range in duration from three seconds to 60 minutes. It can be accessed through a mobile app or through its website.

Since its launch, TikTok has become one of the world's most popular social media platforms, using recommendation algorithms to connect content creators and influencers with new audiences. In April 2020, TikTok surpassed two billion mobile downloads worldwide. Cloudflare ranked TikTok the most popular website of 2021, surpassing Google. The popularity of TikTok has allowed viral trends in food, fashion, and music to take off and increase the platform's cultural impact worldwide.

View the full Wikipedia page for TikTok
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