Bytedance is one of the biggest app companies in the world.
Since it’s inception in 2012 Bytedance has focused more on developing mobile applications for Chinese mobile users. However, in October 2015, Bytedance became interested in overseas markets and realized that it would need a specialized application to succeed there. In 2016, the company made a notable decision: they chose to bring machine learning technology from their flagship application.
Bytedance is one of the most valuable tech startups in history , which is why it has been involved in several disputes. In the past, Bytedance got into a spat with Q&A app maker Zhihu and another one with video-streaming giant iQiyi. Even though the exact cause of both spats isn’t known, many people believe that they were caused by a fight over traffic sources.
Bytedance was once rumored to have unsuccessfully tried to acquire Douyin from Toutiao for around $800 million USD. After that failed deal, Bytedance realized that going overseas would be its best option for success.
Bytedance company overview
| Valuation | $78b |
| CEO | Yiming Zhang |
| Funding | $7.9b |
| Investors | Bank of China, Altimeter Capital, GS, MS, TCV |
| 2021 Revenue | Approx. $58b |
How to invest in Bytedance
Investing directly in Bytedance isn’t possible because the company isn’t publicly listed so you can’t purchase stock. An indirect way of investing in Bytedance would be to invest in the private equity firms (listed above) funding the company.
Will there be a Bytedance IPO?
There is a possibility of TikTok filing for an IPO but with the current political unrest, this is unlikely to happen anytime in the near future.
Bytedance investors are also keen to ensure the company remain privately owned so they keep control.
Bytedance News
Bytedance sees growth slow despite 70% jump in revenue
New York Post – Jan, 21, 2022
Bytedance dissolve global team
CNBC – Jan 31, 2022
2 Billion Downloads for TikTok
TechCrunch – Apr, 29 2020
China Orders ByteDance to Remove Office App
Bloomberg – Apr, 24 2020
4 Comments
Agostino
How to invest byte dance
si
there has been some recent controversy surrounding the company; in March 2019, it was revealed that Bytedance had been censoring content on its platforms in accordance with Chinese government censorship directives.
Not without controversy and so not without risk
ryanbellingham
According to reports, ByteDance is looking to invest in a wide range of areas, including artificial intelligence, retail, financial services, and even healthcare. With so many different areas of interest, it’s hard to say exactly where the company’s billions will end up being invested. However, we can make some educated guesses based on ByteDance’s past investments and decisions.
sophia
Bytedance is an up-and-coming Chinese technology company with a lot of potential. They’ve already made waves in the tech world with their popular app, TikTok, and there’s no doubt that they’re going to continue to grow in the coming years. I’ll be keeping a close eye on them for sure.
You should cover more potential IPOs on here please.