Who owns ByteDance? ByteDance is a non-public multinational expertise firm headquartered in Beijing, China. It was based by Zhang Yiming in 2012. As a non-public firm, ByteDance has a number of shareholders and buyers. Whereas it isn’t potential to offer an entire checklist of all of the homeowners, main stakeholders embody Zhang Yiming, who holds a major share within the firm because the founder and CEO, and varied funding corporations and personal buyers.

A few of the distinguished buyers in ByteDance are Sequoia Capital China, SIG Asia Investments, and Supply Code Capital. These buyers possess a major stake within the firm. Moreover, there is perhaps quite a few smaller buyers and stakeholders. For the reason that firm just isn’t publicly traded, the precise possession particulars are usually not publicly accessible.

Firm Historical past

ByteDance is a multinational web expertise firm headquartered in Beijing, China. It was based in March 2012 by Zhang Yiming. The firm initially began as a information aggregation platform known as Toutiao, which used synthetic intelligence algorithms to ship personalised content material to customers. As the corporate grew, it expanded its product portfolio and launched Douyin (a.ok.a. TikTok) in September 2016.

TikTok quickly gained reputation worldwide and have become a serious competitor within the short-video panorama. Though ByteDance is a privately held firm, its possession is attributed to its pool of buyers and founders/shareholders.

Through the years, ByteDance has obtained investments from a number of high-profile buyers and enterprise capital corporations. Some notable buyers embody:1. SIG Asia Investments2. Qiming Enterprise Partners3. Sequoia Capital China4. Supply Code Capital5. SoftBank Group6.

Common Atlantic7. KKR8. Hillhouse Capital GroupThrough a number of funding rounds, these buyers have acquired a stake within the firm. Nonetheless, the bulk stake and management of the corporate nonetheless lie with its founder, Zhang Yiming. You will need to point out that the possession of ByteDance might need modified over time as a consequence of completely different financing rounds and potential undisclosed investments. Whereas the corporate’s shares have been distributed amongst buyers, the precise share of possession for every investor or shareholder will not be publicly accessible. In abstract, ByteDance’s possession has advanced over time, with the involvement of assorted buyers whereas retaining its founder in a central function.

The corporate has efficiently expanded its providers and is now the father or mother firm of a number of standard platforms, together with TikTok, Toutiao, Vigo Video, TopBuzz, and Helo.

Who was the unique founder?

ByteDance was initially based by Zhang Yiming in 2012. Zhang Yiming was born on April 30, 1983, in Longyan, a metropolis in southeastern China’s Fujian province. He graduated from Nankai College in 2005, the place he earned a level in software program engineering.

Earlier than ByteDance, Zhang labored at varied expertise firms, together with Microsoft, the place he was concerned in software program improvement. He then co-founded the actual property search portal 99fang.com in 2009. Afterward, he based Kuxun, a journey search engine, which was ultimately acquired by business chief Journey.com.

In September 2012, Zhang based ByteDance with the mission to create a content material platform powered by machine studying and synthetic intelligence algorithms to cater to the personalised content material wants of customers. The corporate’s first product, Toutiao, a information and content material aggregation app, rapidly gained reputation in China. In 2016, ByteDance expanded its portfolio by launching the short-video app Douyin, identified internationally as TikTok, which has since gained thousands and thousands of customers worldwide.

Underneath Zhang Yiming’s management, ByteDance has grow to be one of many world’s Most worthy expertise firms, with a presence in a number of international locations. Zhang himself has grow to be a distinguished entrepreneur, incomes a spot on lists resembling Forbes’ China Wealthy Record and Fortune Journal’s 40 Underneath 40.

FAQ: Who owns ByteDance

1. What’s ByteDance?

ByteDance is a Chinese language multinational web expertise firm based in 2012 by Zhang Yiming. It makes a speciality of creating platforms powered by machine studying expertise. A few of its standard merchandise embody the social media platforms TikTok and Douyin.

2. Who’s the founding father of ByteDance?

ByteDance was based by Zhang Yiming, a Chinese language entrepreneur, in September 2012.

3. Who’re the main stakeholders in ByteDance?

As a privately held firm, ByteDance has a number of buyers, together with Sequoia Capital China, SIG Asia Investments, Coatue Administration, and SoftBank Group Corp. amongst others. The founder, Zhang Yiming, additionally owns a major share of the corporate.

4. Has ByteDance made any main acquisitions?

Sure, ByteDance has made a number of acquisitions, with essentially the most notable one being the acquisition of the lip-syncing app Musical.ly in 2017 for an estimated $1 billion. The app was later merged with TikTok in 2018.

5. Is ByteDance a publicly traded firm?

No, ByteDance just isn’t a publicly traded firm. It stays privately held by its buyers and founder.

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