Technology

TikTok parent company ‘disillusioned’ with game making

ByteDance closed its acquired game development studio three years ago, cutting more than 100 employees despite its previous ambition to challenge Tencent in the mobile game market. ByteDance, TikTok’s parent company, dissolved 101 Studio in Shanghai this week, laying off about half of its more than 300 employees and reassigning the rest, according to Bloomberg’s […]

Technology

ByteDance ‘crosses the border’, gradually turning TikTok into a global phenomenon

ByteDance’s global presence is tied to a “storm” called TikTok. But before the Beijing-based company could create such a successful app, it had to experiment for years, repeatedly failing before finding a winning formula. Data-driven vision Prior to the launch of TikTok, ByteDance’s other international businesses date back to early 2015, when the company released […]

Technology

Parent company TikTok prepares for a ‘war’ with Alibaba

ByteDance, a start-up company that has just recruited thousands of new employees, aims to expand its business, and has ambitions to surpass rivals Alibaba and JD.com. Zhang Yiming – the “father” of the platform TikTok is looking for great opportunities for ByteDance, targeting the value trade arena 1.7 trillion USD of China. The 38-year-old co-founder […]

Technology

TikTok spent $ 92 million to settle the scandal of user information gathering

Chinese software firm ByteDance, “father” of TikTok, has agreed to spend $ 92 million to settle a class action lawsuit against TikTok, accusing the application of collecting information about minor users. TikTok accepts to spend a large amount of money to settle legal troubles against him Accordingly, ByteDance submitted to the Illinois District Court (USA), […]