ByteDance Ltd., a prominent Chinese internet technology company, is headquartered in Haidian, Beijing. Despite its operational base in China, the company is officially incorporated in the Cayman Islands.
ByteDance's lobbying efforts in the U.S. are led by Michael Beckerman. According to disclosures filed under the Lobbying Disclosure Act of 1995, ByteDance has lobbied various U.S. government bodies.
Zhang Yiming and Liang Rubo co-founded 99fang.com in 2009, a real estate search engine that would later serve as a foundation for their future endeavors.
ByteDance launched its first app, Neihan Duanzi, in March 2012, allowing users to share jokes, memes, and funny videos.
ByteDance launched the first version of its news and content platform Toutiao in August 2012, marking a significant milestone for the company.
Toutiao, launched in August 2012, started out as a news recommendation engine and gradually evolved into a platform delivering content in various formats, such as texts, images, question-and-answer posts, microblogs, and videos.
ByteDance, the company that would go on to create TikTok and Douyin, was founded in 2012 by Zhang Yiming, Liang Rubo, and their team. The company also developed the news platform Toutiao.
In early 2012, Zhang Yiming, Liang Rubo, and other 99fang employees began developing a news aggregation app utilizing big data algorithms to personalize content, which would later become Toutiao.
Zhang Yiming served as ByteDance's chairman and CEO from its inception in 2012.
In January 2013, ByteDance executives were presented with a four-part plan for the future, which included building an English version of Toutiao to target English-speaking countries.
In January 2014, ByteDance created the "Toutiaohao" platform to attract more content creators.
ByteDance established an internal Chinese Communist Party (CCP) committee in 2014, raising concerns about potential influence on content and operations.
ByteDance established its research arm, ByteDance AI Lab, in March 2016, with Wei-Ying Ma, formerly of Microsoft Research Asia, at its helm.
First released to the public in September 2016, Douyin, previously named A.me, is the Chinese version of TikTok. The application is a short-form video social media platform with more advanced features, such as e-commerce, compared to its international counterpart.
ByteDance invested in the Indonesian news recommendation platform BABE in December 2016.
Initially launched as Toutiao Video in 2016, Xigua Video is an online video-sharing platform featuring user-created short and mid-length videos.
ByteDance acquired Flipagram in February 2017, which was later rebranded to Vigo Video (Hypstar) in July 2017.
ByteDance rebranded Flipagram to Vigo Video (Hypstar) in July 2017.
First released to the public in September 2017, TikTok is a video-sharing social networking service used to make short-form videos from genres like dance, comedy, and education.
ByteDance made two notable acquisitions in November 2017: musical.ly for an estimated US$1 billion and News Republic from Cheetah Mobile.
On 9 November 2017, ByteDance acquired Shanghai-based social media start-up Musical.ly for up to US$1 billion.
In 2017, Toutiao acquired Flipagram. ByteDance later expanded Toutiao's features to include various new functionalities.
In April 2018, China's state media regulator ordered the temporary removal of Toutiao and Neihan Duanzi from Chinese app stores, accusing Neihan Duanzi of hosting vulgar content. The following day, Neihan Duanzi announced its permanent shutdown. ByteDance responded by promising to cooperate further with authorities to promote their policies.
On 2 August 2018, ByteDance combined Musical.ly and prior acquisition Flipagram into TikTok, keeping the TikTok name.
ByteDance merged musical.ly with TikTok on August 2, 2018, to expand TikTok's global reach while retaining the TikTok name.
ByteDance filed a defamation lawsuit against Chinese technology news site Huxiu in December 2018 following a report alleging the spread of fake news on ByteDance's Indian-language news app Helo.
In 2018, ByteDance played a key role in helping to establish the Beijing Academy of Artificial Intelligence, an initiative supported by the Ministry of Science and Technology and the Beijing municipal government.
Despite amassing over 200 million users, Neihan Duanzi was shut down by the Chinese government in 2018.
ByteDance and its affiliates initiated a series of unfair competition lawsuits against Tencent in 2018, alleging content blocking.
In November 2019, the Cyberspace Administration of China ordered ByteDance to remove slanderous information on Fang Zhimin from Toutiao.
ByteDance first reported payments to federal lobbyists in 2019, marking the beginning of its lobbying efforts in the United States.
First released to the public in 2019, Lark is ByteDance's enterprise collaboration platform, originally developed as an internal tool.
In 2019, ByteDance formed joint ventures with Beijing Time, a publisher controlled by the Beijing municipal CCP committee, and with Shanghai Dongfang, a state media firm in Shanghai.
In 2019, the Federal Trade Commission (FTC) fined ByteDance's TikTok for violating the Children's Online Privacy Protection Act. As a result, ByteDance implemented a kids-only mode in TikTok that restricts certain features like video uploads, profile creation, direct messaging, and commenting on videos, while still allowing users to watch and record content.
Initially launched in 2019, Nuverse has become a video game publisher.
First released to the public in April 2020, CapCut is a video editing software made for beginners.
Kevin Mayer, formerly of Disney, joined ByteDance in May 2020.
By June 2020, Toutiao's missing person alerts project had helped find 13,116 missing persons.
From June 2020, Kevin Mayer served as the CEO of TikTok and COO of ByteDance.
The Indian government banned 59 Chinese apps, including TikTok and CapCut, in June 2020, citing national security concerns.
Kevin Mayer resigned from his positions at ByteDance and TikTok on August 26, 2020.
In August 2020, China announced new export control rules that experts believe could give Chinese authorities more control over any potential sale of ByteDance's technology to foreign companies. This came amidst scrutiny of TikTok by US lawmakers concerned about potential surveillance by the Chinese government.
Vigo Video was permanently shut down on October 31, 2020.
In January 2021, Chinese regulators fined ByteDance for spreading vulgar information.
The Indian government froze ByteDance's bank accounts in March 2021 for alleged tax evasion, a claim that ByteDance refuted.
In March 2021, the Financial Times reported on ByteDance's alleged involvement with other Chinese companies in an attempt to bypass Apple's privacy policies.
In March 2021, The State Administration for Market Regulation in China fined ByteDance along with other companies for violating antitrust laws.
As of March 2021, ByteDance was estimated to be valued at $250 billion in private trades.
ByteDance launched BytePlus in April 2021, a new division aimed at distributing the software framework behind TikTok, allowing others to create similar apps.
In May 2021, the Cyberspace Administration of China stated that ByteDance had engaged in illegal data collection and misuse of personal information.
ByteDance acquired Pico, a virtual reality startup similar to Oculus, in August 2021.
Liang Rubo, co-founder of ByteDance, assumed the role of CEO in 2021.
In 2021, ByteDance announced that its partnership with Shanghai Dongfang had never been in operation and was subsequently disbanded.
ByteDance announced in April 2022 that it would start reporting users on their platforms Toutiao and Douyin who posted content that went against the CCP's version of history, which they deemed "historical nihilism".
In June 2022, ByteDance partnered with Shanghai United Media Group to launch a plan aimed at developing domestic and foreign influencers.
The Financial Times reported on a culture clash at ByteDance's London office in June 2022, leading to a significant number of employees leaving the company.
During the COVID-19 protests in China in November 2022, the Cyberspace Administration of China (CAC) instructed ByteDance to censor content related to the protests.
Taiwan's Mainland Affairs Council launched an investigation into ByteDance in December 2022 on suspicion of running an illegal subsidiary in the country. The company allegedly registered "Tiktoktaiwan Co Ltd" in March, which later changed its name to "ByteDance Taiwan" in November.
In 2022, the studio launched Marvel Snap in October worldwide, following closed alpha testing in the Philippines, and gradually entered open beta with the first country being New Zealand.
Turkey's Financial Crimes Investigation Board (MASAK) started investigating ByteDance in 2022 regarding millions of dollars in fund transfers linked to TikTok accounts suspected of money laundering or terrorism financing.
The United States Department of Justice and the Federal Bureau of Investigation launched an investigation into ByteDance in March 2023 after it was discovered that ByteDance employees had tracked journalists to uncover internal leaks. As a result, ByteDance dismissed four employees.
Former employees alleged that ByteDance engaged in a practice called "horse racing" in March 2023, where multiple teams developed the same product, and the team with the better-performing version received more support.
As of March 2023, CapCut has more than 200 million active users each month, and it was the second-most downloaded app in the U.S. behind the app for Chinese discount retailer, Temu.
ByteDance filed a trademark for a book publisher named 8th Note Press in April 2023.
As of July 2023, ByteDance has spent more than $17.7 million in lobbying since it first reported payments to federal lobbyists in 2019. In 2023, the company spent $8.7 million on lobbying.
In November 2023, Forbes reported that the CAC and other Chinese government authorities accessed ByteDance's internal workplace tool, Feishu, before the 20th National Congress of the Chinese Communist Party. Feishu reportedly contains sensitive information like "product network security, data security, personal information, and daily operations."
In November 2023, Reuters reported ByteDance was restructuring Nuverse and retreating from gaming.
The Verge reported in December 2023 that ByteDance had used OpenAI's API for its generative AI projects, prompting OpenAI to suspend ByteDance's account pending investigation into potential terms of service violations.
In 2023, the Central Bank of Ireland investigated ByteDance's payment division for potential weaknesses in its anti-money laundering controls.
G42 acquired a stake in ByteDance in 2023.
Resso will be shut down in India in January 2024, due to "local market conditions."
The US House of Representatives passed a bill in March 2024 that, if approved by the Senate and signed by the President, would compel ByteDance to sell off TikTok or face a ban on the platform.
The United States Congress approved a revised version of the bill targeting TikTok in April 2024 as part of a foreign aid package.
ByteDance conducted layoffs in May 2024, affecting a "large percentage" of its global user operations, content, and marketing teams, with the global user operations team being dissolved and remaining employees reassigned.
ByteDance introduced Whee, an image-sharing and social networking service, in June 2024.
Whee, an image-sharing and messaging app, launched to the public in June 2024, but not in the US.
As of early 2024, the legal battles between ByteDance and Tencent remained unresolved, primarily due to jurisdictional disagreements.
In the run-up to the 2024 United States Senate elections, ByteDance launched a $2.1 million ad campaign targeting US Senate districts with vulnerable Democrats.