ByteDance

TikTok owner ByteDance is launching a new stock option granting programme for its employees that according to two sources lowers its prices by 20% from the 2021 plan, as the Chinese company tries to retain talent amid slowing revenue…

ByteDance's Douyin and Alibaba-owned Ele.me said on Friday they have agreed on a collaboration that will see the food delivery app establish a presence on Douyin, as the Chinese short video app builds its ecosystem. Ele.me would be one…

Douyin is supporting restaurants willing to deliver their own food to users of the short video platform as local economies recover from Covid-19 lockdowns The move marks the ByteDance-owned platform’s second foray into food delivery,…

Mobile application data analysis company Sensor Tower released a report on July 8 claiming that Douyin and its overseas version TikTok earned more than $283 million in June from the App Store and Google Play – 1.9 times that of last June –…

The education business within ByteDance has reportedly undergone significant adjustments, including the laying off of about 3,000 employees. The total number of staff in this division is less than 5,000, domestic media outlet Cailian Press…

ByteDance Ltd. has shut down a game development studio it acquired just three years ago, slashing more than a hundred jobs in a major setback for its quest to challenge Tencent Holdings Ltd. in mobile gaming. TikTok’s Chinese owner…

Recently, it was reported that ByteDance’s game team will reduce 80% of its staff in the distribution business line. However, a relevant employee in charge of ByteDance’s Nuverse declared such reports untrue in a statement to domestic media…

Tencent Video has recently sued ByteDance’s Toutiao, a news and content aggregation platform, for copyright infringement and unfair competition, claiming a total of 10 million yuan ($1.49 million). It held that there was a significant…

Taobao, an online shopping platform owned by Chinese internet giant Alibaba, recently launched an interest-oriented community app called “Yousha” (友啥 Yǒu Shá), reported by Xinyan Finance. Meanwhile, news and information content platform…

Growth of China’s internet advertising market declined last year, as regulatory pressure on tech firms increased Antitrust investigations and a ban on off-campus tutoring services dampened online advertising business on the mainland…