Tag: bytedance
How ByteDance plans to crack the gaming industry
For the last few years, ByteDance, the parent company of short video app TikTok, has been working to diversify its revenue streams beyond advertisement and find more ways to monetize its hundreds of millions of users. One area it is targeting is gaming, which has historically been a lucrative business…
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How China’s synthetic media startup Surreal nabs funding in 3 months
What if we no longer needed cameras to make videos and can instead generate them through a few lines of coding? Advances in machine learning are turning the idea into a reality. We’ve seen how deepfakes swap faces in family photos and turn one’s selfies into famous video clips. Now…
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China court accepts ByteDance case filing against Tencent over alleged monopoly
ByteDance is bringing its battle with archrival Tencent to the court at a time when the Chinese government moves to curve the power of the country’s internet behemoths. The Beijing Intellectual Property Court has permitted a ByteDance lawsuit brought against Tencent to proceed, a ByteDance spokesperson confirmed with TechCrunch. Upstart…
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ByteDance is cutting jobs in India amid prolonged TikTok ban
Chinese internet giant ByteDance has told employees in India that it is reducing the size of its team in the country after New Delhi retained ban on TikTok and other Chinese apps last week, a source familiar with the matter told TechCrunch. The company, which employs more than 2,000 people…
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China’s draft payments rules put Ant, Tencent on notice
A string of recent events in China’s payments industry suggests the duopoly comprising Ant Group and Tencent may be getting a shakeup. Following the abrupt call-off of Ant’s public sale and a government directive to reform the firm’s business, the Chinese authorities sent another message this week signaling its plan…
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TikTok parent ByteDance hiring for AI drug discovery team
ByteDance, TikTok’s Chinese parent company, is entering the health industry as it seeks to diversify a business dependent on advertising and livestreaming sales. The company, which prides itself on content algorithms, has started seeking talent in AI drug discovery across Mountain View, Shanghai and Beijing, its recruiting page shows. “We…
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