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
|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 sees growth slow despite 70% jump in revenue
New York Post – Jan, 21, 2022
CNBC – Jan 31, 2022
TechCrunch – Apr, 29 2020
Bloomberg – Apr, 24 2020