Other notable acquisitions include the UGC short video platform Hypstar (Vigo Video) in July 2017, and News Republic from Cheetah Mobile in November 2017.
Two months later, in February 2017, it acquired Flipagram, which was later merged with Musical.ly into TikTok upon the latter's acquisition in November 2017. In December 2016, it invested in the Indonesian news recommendation platform BABE. įrom late 2016 till 2017, ByteDance made a number of acquisitions and new product launches. The same year, the ByteDance AI Lab and Peking University co-developed Xiaomingbot ( 张小明), an AI bot that wrote news articles. The lab's research has focused on AI for understanding information (text, images, videos) in depth, and developing machine learning algorithms for personalized information recommendations. It is headed by Wei-Ying Ma, the former assistant managing director of Microsoft Research Asia. In March 2016, ByteDance established its research arm, called the ByteDance AI Lab. Growth, acquisitions and international expansion Toutiao hit 1 million daily active users four months after its launch. " headlines"), which would become their core product. In August 2012, ByteDance launched the first version of news and content platform Toutiao (头条, lit. At its peak in 2017, Neihan Duanzi had over 200 million users. This allowed users to circulate jokes, memes, and humorous videos. In March 2012, ByteDance launched its first app, called Neihan Duanzi ( 内涵段子, lit. That March, Yiming and Liang founded ByteDance. In early 2012, the pair rented an apartment in Zhongguancun and, along with several other 99fang employees, began developing an app that would use big data algorithms to classify news according to users' preferences, which would later become Toutiao.
Tictoc net software#
In 2009, software engineer and entrepreneur Zhang Yiming collaborated with his friend Liang Rubo to co-found, a real estate search engine. 1.4 Dismissal of strategic investment arm.1.3 Growth, acquisitions and international expansion.1.2 First apps: Neihan Duanzi and Toutiao.
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