Founded by Zhang Yiming in 2012. ByteDance operates in 150 countries and has over 800 million daily active users on its platforms, which includes TikTok and Toutiao.
In 2019 ByteDance agreed to pay $5.7 million to settle Federal Trade Commission allegations that the company illegally collected personal information from children. This is the largest civil penalty ever obtained by the Commission in a children's privacy case.
Source: news article (2019)
The 2019 report by Australian Strategic Policy Institute (ASPI), found that ByteDance "collaborates with public security bureaus across China, including in Xinjiang where it plays an active role in disseminating the party-state's propaganda".
Source: ABC (2019)
TikTok has raised concerns in the areas of privacy, cyberbullying, national security and addiction. The app has been temporarily banned in India and Indonesia and has faced lawsuits in China and the USA. Read more at Wikipedia using the link below.
Source: Wikipedia (2020)
|Revenue||US$7.2 billion in 2018|
|Employees||50,000 in 2019|
Products / BrandsByteDance
TikTok Social Media