ByteDance cofounder Zhang Yiming has become China’s richest man as investors bet on companies with AI potential.

TikTok owner ByteDance said it has achieved a 1.71 times efficiency improvement in large language model (LLM) training, the latest Chinese tech company to achieve a breakthrough that could ...

TL;DR: Broadcom's ByteDance AI accelerator project was canceled amid tightened US semiconductor restrictions on China. Broadcom has reportedly seen its huge ByteDance project canceled, after the ...

TikTok sibling Douyin – which had 880 million monthly active users in January, according to market research firm Analysys Qianfan – recently allowed selected users to initiate conversations ...

As investors continue to bet on companies with AI potential, the co-founder ByteDance, Zhang Yiming, has emerged as the richest man in China with a net worth of $65.5 billion, as per Forbes ...

As TikTok fights to keep its popular video app available in the US, investors in parent company ByteDance Ltd. are being forced to re-evaluate financial prospects for a business valued at more ...

ByteDance offers $189.90 per share in new buyback program Valuation increase reflects recovery from 2023 drop Share price implies $315 billion for ByteDance March 4 (Reuters) - TikTok's parent ...

Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox. Sign up Cao Dapeng, former head of PopAI at 01.AI, has ...

TikTok’s parent company ByteDance’s valuation has jumped to approximately $315 billion in the latest share buyback announced by the company. The news was first reported by Reuters, citing ...

This time it is ByteDance, the parent company of TikTok, which has reportedly hired a key Google AI researcher. When talking about AI, ByteDance is probably not the first name that comes to mind.

(Bloomberg) -- ByteDance Ltd. plans to buy back employee stock at a valuation of about $312 billion, a significant markup from previous levels that reflects a brightening outlook for Chinese tech ...

HONG KONG – ByteDance plans to buy back employee stock at a valuation of about US$312 billion (S$417 billion), a significant mark-up from previous levels that reflects a brightening outlook for ...