- Internal close date:November 10, 2022 at 5:50 pm
- Market close date:February 2, 2023 at 5:54 pm
- Minimum Application$100,000
- Altive : ByteDance Provider
Pre-IPO investment in ByteDance (Parent of TikTok)
ByteDance is a Chinese technology company that owns a series of content platforms including TikTok. It enables people to connect with consuming and creating content through machine learning technology. Its products range from news, short-form video apps, education apps, and corporate solutions with its proprietary artificial intelligence system. ByteDance has a global presence in 150 countries in more than 75 languages.
In 2021, with 1.9 billion monthly active users in 150 countries, and an employee base of over 110,000, the company recorded $58 billion in revenues.
Most users know the company only by its hit short-video app TikTok, which has been downloaded over 3 billion times globally, a feat only exceeded by Meta and its family of apps. But ByteDance has actually churned out one wildly successful product after another — among them its initial hit, Toutiao, the most popular news app in China, which today has 320 million monthly active users, and Douyin, a short-video app that preceded TikTok. Respectively, Toutiao and Douyin account for 20% and 60% of the company’s total advertising revenues.
Products include:
TikTok is the leading destination for short-form mobile video. Our mission is to inspire creativity and bring joy. TikTok has offices across the globe, including Los Angeles, New York, London, Paris, Berlin, Dubai, Mumbai, Singapore, Jakarta, Seoul, and Tokyo.
Xigua Video is one of China’s most popular video applications that enable users to discover, enjoy and share a wide range of video stories, both short-form and long-form.
Douyin is China’s leading destination for short-form mobile videos. Powered by easy-to-use video creation tools, Douyin quickly became a highly popular app across the country. It empowers everyone to capture and present the world’s creativity, knowledge, and moments that matter in everyday life, presenting a wide and diverse range of content on the platform.
Currently available in Japan and Singapore, Lark combines a multitude of essential collaboration tools in a single interconnected platform, including chat, calendar, content creation, cloud storage, and app management. Lark makes it easy to stay in sync and access these tools from one to the next.
Toutiao is one of the most popular content discovery platforms in China. It offers users a unique, personalized and comprehensive content experience, enabling them to discover and explore topics of interest, ranging from sports and entertainment to agriculture and history.
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