ByteDance

Owner of TikTok and Douyin

Overview

ByteDance is the Beijing-based owner of the short-video apps TikTok and Douyin, the Toutiao news aggregator and the CapCut video editor, and it develops its own AI models. CB Insights values it at US$480bn, making it the most valuable unicorn outside the United States and the only Chinese company in the hectocorn tier (valuations above US$100bn).[1] It has been on the list since April 2017, and CB Insights names Sequoia Capital China, SIG Asia Investments, Sina Weibo and SoftBank Group among its investors.[1] ByteDance is classified by CB Insights under media and entertainment, one of only two companies in the top 25 in that category.

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