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Douyin

TikTok owner ByteDance acquires stake in memory chip firm InnoStar to bolster VR unit Pico as it takes on Apple’s Vision Pro

by Anas Siddiqui
TikTok owner ByteDance acquires stake in memory chip firm InnoStar to bolster VR unit Pico as it takes on Apple’s Vision Pro

Picoheart, a Singapore-based affiliate of ByteDance, earlier this month invested an undisclosed amount to acquire a 9.5 per cent shareholding in state-backed InnoStar, which is headquartered in Shanghai, according to …

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TikTok owner ByteDance offers to buy back shares from employees at 7 per cent premium over previous round

by Anas Siddiqui
TikTok owner ByteDance offers to buy back shares from employees at 7 per cent premium over previous round

ByteDance, China’s most valuable unicorn and the owner of TikTok, has started a new round of share buy-backs for its global employees that price the equity higher than the previous …

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Alibaba tests generative AI tools for Taobao and Tmall merchants as new tech arms race heats up China’s e-commerce sector

by Anas Siddiqui
Alibaba tests generative AI tools for Taobao and Tmall merchants as new tech arms race heats up China’s e-commerce sector

The generative AI tools provided by Huiwa, operated by Alibaba subsidiary Hangzhou Lianfan Information Technology, enable merchants to create both text and graphics content. Alibaba owns the South China Morning …

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Exclusive | AI takes priority at TikTok owner ByteDance, as Sora disrupts the future of video creation

by Anas Siddiqui
Exclusive | AI takes priority at TikTok owner ByteDance, as Sora disrupts the future of video creation

ByteDance is “secretly” working on multiple AI products, including text-to-image and text-to-video technology, according to a report on Wednesday by Chinese media outlet Jiemian. The team responsible for video-editing app …

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Which were the most used apps during Lunar New Year? Familiar names like Tencent and ByteDance dominated top 5

by Anas Siddiqui
Which were the most used apps during Lunar New Year? Familiar names like Tencent and ByteDance dominated top 5

The most used apps in China during the Lunar New Year holiday were familiar domestic social media and content platforms that have dominated the market for the past decade, according …

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ByteDance founder Zhang asks village to remove stone tablet that calls him a ‘spiritual idol’, according to reports

by Anas Siddiqui
ByteDance founder Zhang asks village to remove stone tablet that calls him a ‘spiritual idol’, according to reports

Zhang Yiming, the billionaire founder of TikTok parent ByteDance, has asked a village in his home province to remove a stone tablet that called him a “spiritual idol”, according to …

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Douyin CEO Kelly Zhang steps down as head of TikTok’s Chinese version to focus on ByteDance video editor CapCut and AI

by Anas Siddiqui
Douyin CEO Kelly Zhang steps down as head of TikTok’s Chinese version to focus on ByteDance video editor CapCut and AI

Kelly Zhang Nan, the most powerful woman in ByteDance, has stepped down as CEO of the Douyin business unit that includes the Chinese version of TikTok, as well as other …

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TikTok owner ByteDance launches its answer to OpenAI’s GPTs, accelerating a generative AI push amid ChatGPT frenzy

by Anas Siddiqui
TikTok owner ByteDance launches its answer to OpenAI’s GPTs, accelerating a generative AI push amid ChatGPT frenzy

ByteDance has launched a platform similar to OpenAI’s GPTs, which allows users to customise its ChatGPT artificial intelligence (AI) bot for specific tasks, as the Chinese owner of TikTok accelerates …

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ByteDance CEO berates staff for reacting too slowly to ChatGPT, new tech trends

by Anas Siddiqui
ByteDance CEO berates staff for reacting too slowly to ChatGPT, new tech trends

The chief executive of ByteDance, owner of TikTok and its mainland sibling Douyin, berated employees for “not being sensitive enough” to the emergence of new technologies such as ChatGPT. In …

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ByteDance CEO wants to whip employees into shape, as they lack a ‘sense of crisis’ amid fierce competition at home and abroad

by Anas Siddiqui
ByteDance CEO wants to whip employees into shape, as they lack a ‘sense of crisis’ amid fierce competition at home and abroad

The chief executive of ByteDance, owner of TikTok and its Chinese sibling Douyin, said the company lacks a sense of crisis, which has made the Chinese social media giant slow …

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