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A moving company, removalist or van line is a company that helps people and businesses move their goods from one place to another. Moving companies may offer additional or all-inclusive services for relocations, like packing, loading, moving, unloading, unpacking, and arranging of items to be shifted. Additional services may include cleaning ...
Alibaba Group Holding Limited, branded as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999 [1] in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese ...
- History
- Corporate Affairs
- Products
- Censorship, Surveillance, and Data Privacy Concerns
- Government Regulation
In 2009, software engineer and entrepreneur Zhang Yiming collaborated with his friend Liang Rubo to co-found 99fang.com, a real estate search engine. 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 use...
Funding and ownership
ByteDance is backed financially by Jeff Yass' Susquehanna International Group, Primavera Capital Group, Kohlberg Kravis Roberts, SoftBank Group, Sequoia Capital, General Atlantic, and Hillhouse Capital Group. As of March 2021[update], it was estimated to be valued at $250 billion in private trades.[needs update] ByteDance's owners include its founders and Chinese investors (20%), global investors (60%), and employees (20%). In 2021, the state-owned China Internet Investment Fund purchased a 1...
Management
Zhang Yiming was ByteDance's chairman and CEO from its founding in 2012 until 2021, when co-founder Liang Rubo took over as CEO. On 19 May 2020, ByteDance and Disney released an announcement that Kevin Mayer, head of Disney's streaming business, would join ByteDance. From June 2020 to his resignation 26 August 2020, Mayer served as the CEO of TikTok and the COO of ByteDance, reporting directly to the company CEO Zhang Yiming. In 2021, Shou Zi Chew, former CFO of Xiaomi, took over as TikTok CE...
Partnerships
ByteDance's China business has a strategic partnership with the Chinese Ministry of Public Security for the ministry's public relations efforts.The partnership also said that ByteDance would work with the Ministry of Public Security in cooperation on unspecified "offline activities." In 2018, ByteDance helped to establish the Beijing Academy of Artificial Intelligence, an initiative backed by the Ministry of Science and Technologyand the Beijing municipal government. In 2019, ByteDance formed...
CapCut
First released to the public in April 2020, CapCut is a video editing software made for beginners. As of March 2023[update], CapCut has more than 200 million active users each month, and according to The Wall Street Journal, it was downloaded more than the TikTok app in March 2023. In March 2023, it was the second-most downloaded app in the U.S. behind that for Chinese discount retailer, Temu.
Douyin
First released to the public in September 2016, Douyin (Chinese: 抖音; pinyin: Dǒuyīn), previously named A.me, is the Chinese version of TikTok. The application is a short-form video social media platform that differs from its international counterpart version by having more advanced features, such as e-commerce.TikTok and Douyin have almost the same user interface but no access to each other's content. Their servers are each based in the market where the respective app is available.
Lark
First released to the public in 2019, Lark is ByteDance's enterprise collaboration platform.Lark was originally developed as an internal tool, becoming ByteDance's primary internal communication and collaboration platform, but was eventually made available to external users in certain markets.
ByteDance has garnered attention over surveillance, data privacy, and censorship concerns, including content pertaining to human rights in Tibet and the persecution of Uyghurs in China.[note 1] Concern has also been raised over the potential effects, including extraterritorial jurisdiction, of China's National Intelligence Law and Cybersecurity Law...
China
In April 2018, China's state media regulator, the National Radio and Television Administration (NRTA), ordered the temporary removal of Toutiao and Neihan Duanzi from Chinese app stores. The NRTA accused Neihan Duanzi in particular of hosting "vulgar" and "improper" content and "triggering strong sentiments of resentment among internet users". The following day, Neihan Duanzi announced it was permanently shutting down. In response to the shutdown, Yiming issued a letter stating that the app w...
India
Citing national security issues the Indian Government banned CapCut and TikTok along with 58 other Chinese apps on 29 June 2020. The ban was made permanent in January 2021.In March 2021, the Indian government froze ByteDance's bank accounts in the country for alleged tax evasion, which ByteDance disputed.
Taiwan
In December 2022, Taiwan's Mainland Affairs Council announced an investigation into ByteDance on suspicion of operating an illegal subsidiary in the country.The company reportedly registered "Tiktoktaiwan Co Ltd" in March, which changed its name to "ByteDance Taiwan" in November.
- c. 150,000 (2023)
- US$85.2 billion (2022)
Tencent Holdings Ltd. (Chinese: 腾讯; pinyin: Téngxùn) is a Chinese multinational technology conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the world's largest company in the video game industry based on its equity investments ...
Vance Drummond (1927–1967) was a New Zealand–born Australian pilot who fought in the Korean and Vietnam Wars. Posted to No. 77 Squadron in Korea, he flew Gloster Meteor jet fighters and earned the US Air Medal for his combat skills. He was shot down in 1951 and imprisoned for almost two years. He was awarded the Air Force Cross in 1965 ...
Aliexpress pavilion, Moscow Leningradsky railway station, 2016. AliExpress ( Chinese: 全球速卖通) is an online retail service based in China and owned by the Alibaba Group. [1] Launched in 2010, [2] [3] it is made up of small businesses in China and other locations, such as Singapore, that offer products to international online buyers.
American retail corporation Walmart has been the world's largest company by revenue since 2014. [1] The list is limited to the largest 50 companies, all of which have annual revenues exceeding US$130 billion. This list is incomplete, as not all companies disclose their information to the media and/or general public. [3]
