What does ByteDance do?

ByteDance is a Chinese multinational internet technology company founded in March 2012 and headquartered in Beijing. It is best known for owning TikTok, a leading video-sharing platform with around 1.9 billion active monthly users across 150 countries. The company aims to enrich people's lives through innovative digital platforms and has a strong focus on artificial intelligence technology for information distribution. ByteDance has developed a diverse range of products, including Douyin, the Chinese version of TikTok, and Toutiao, an AI-powered news aggregator app. Other offerings include Helo, an Indian social media app, and Xigua Video, a short video application. The company's competitive edge lies in its AI-powered recommendation engine, which uses big data and machine learning to provide personalized content to users. ByteDance has achieved significant growth, reaching a valuation of approximately $180 billion, making it one of the world's most valuable startups.