ByteDance Stock

bytedance.comConsumer & Lifestyle / SocialFounded: 2012Funding to Date: $7.45B

Developer of technologies that are intended to be applied to mobile internet scenarios. The company focuses on applying artificial intelligence technology to mobile internet applications. The company owns multiple brands that they have developed in-house such as Toutiao and TikTok.

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Team

Management Team

Rubo Liang
Chief Executive Officer & Vice President
Nan Zhang
Chief Executive Officer, China
Julie Gao
Chief Financial Officer

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News Highlights

ByteDance plans for maximum of nine board directors
Shareholders approved the move at an investor meeting on Tuesday, boosting the figure from the previous maximum of five, added the source, who sought anonymity as the information was confidential. The five-strong board of the Beijing-based company includes its new chief executive, Liang Rubo, who took over as chairman from founder and former chief executive Zhang Yiming. The other directors are representatives of General Atlantic, Sequoia Capital, Coatue Management, and Susquehanna International Group, Reuters has reported.
ByteDance to spend up to $3 billion to repurchase shares from investors
ByteDance will spend up to $3 billion to repurchase shares in a deal that values the Chinese unlisted owner of TikTok at around $300 billion, according to a company memo to investors seen by Reuters on Friday.
ByteDance's metaverse investments continue with acquisition of Chinese virtual social platform PoliQ
PoliQ, operator of the once-popular virtual social platform Vyou that allowed users to create their own avatars, was bought by ByteDance for "tens of millions of yuan" last week.
Updated on: Feb 25, 2024

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