ByteDance字节跳动

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ByteDance (字节跳动) is an internet technology company known for its video-sharing platforms TikTok and Douyin, and Toutiao (“Headlines”), a popular news recommendation app. It was founded by Zhang Yiming, Liang Rubo, and others in 2012. By the end of 2020, ByteDance had 1.9 billion monthly active users across all of its platforms.

Fast facts

Full ENGLISH Name: ByteDance Ltd.
Full Chinese Name: 字节跳动有限公司
WEBSITE: https://www.bytedance.com
Year founded: 2012
COMPANY TYPE: Private

Ownership

Backed by powerful private equity firms like KKR, Hillhouse, and Sequioa Capital, the Chinese government recently purchased a 1% stake and board seat in ByteDance through WangTouZhongWen Technology.

English Name	Chinese Name	Percent Ownership	Ultimate Beneficiary	Share Class
Zhāng Yīmíng	张一鸣	98.8140%
Zhāng Lìdōng	张利东	1.1860%

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Leadership

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English Name	Chinese Name	Title

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ByteDance字节跳动

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Revenue ? Source: WSJwww.wsj.com/articles/tiktok-owner-bytedances-annual-revenue-jumps-to-34-3-billion-11623903622Notes: This figure is for full year 2020. More recent reports indicate the company is on track for significant revenue growth in 2021

Employees ? Source: Financial Timeswww.ft.com/content/5c10ed57-16b6-43f9-882d-d2cb9837fdc7

Valuation ? Source: South China Morning Postwww.scmp.com/tech/big-tech/article/3152326/tiktok-owner-bytedances-valuation-reaches-us400-billion-anonymousNotes: Anonymous, gray-market, online trades have valued the company at up to $400 billion.

Overview ? Source: WSJwww.wsj.com/articles/tiktok-owner-bytedances-annual-revenue-jumps-to-34-3-billion-11623903622

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Key

Ownership

Subsidiaries

Leadership

Latest News

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Revenue

Employees

Valuation

Overview