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The 38-year-old AI coding genius, searching for ByteDance’s next big act, has set his sights on China’s $1.7 trillion e-commerce arena. The co-founder has hired thousands of staff and roped in big-name sponsors like Xiaomi Corp. impresario Lei Jun to drive what he calls his next “major breakthrough” into global business — selling stuff to consumers via its addictive short videos and livestreams. That endeavor will test not just Zhang’s magic touch with app creation and ByteDance’s AI wizardry, but also investor reception ahead of one of the tech world’s most hotly anticipated IPOs.
His startup is already starting to make waves in an industry long controlled by Jack Ma’s Alibaba Group Holding Ltd. and JD.com Inc. It sold about $26 billion worth of make-up, clothing and other merchandise in 2020, achieving in its maiden year what Alibaba’s Taobao took six years to accomplish. It’s shooting for more than $185 billion by 2022. Douyin, TikTok’s Chinese twin, is expected to contribute more than half of the firm’s $40 billion domestic ad sales this year, driven in part by e-commerce.
GuangzhouGuangdongChinaShanghaiFoshanIndiaHong-kongSuningHebeiSingaporeZhou-huangJiangsuZhang Yiming-ek ByteDance Ltd. it was built by the world’s most valuable private company through a chain of blockbuster apps like TikTok, which challenged Facebook and other actors on their field. His ultimate goal: Alibaba.
The 38-year-old AI coding genius, looking for ByteDance’s next big action, has put his focus on China’s $ 1.7 trillion in e-commerce. The co-founder has hired thousands of employees and Xiaomi Corp. he has roped in among the company’s big sponsors like entrepreneur Lei Jun in what he calls his next “major breakthrough” to focus on global business – selling things to consumers through his short videos and addictive fun. This effort will test not only Zhang’s magical touch, but also its application creation and ByteDance’s AI witchcraft, as well as one of the world’s most anticipated IPOs for reception technology.
GuangzhouGuangdongChinaShanghaiFoshanIndiaHong-kongSuningHebeiSingaporeZhou-huangJiangsuByteDance hires staff in thousands to challenge e-commerce giant Alibaba
The company sold about $26 billion worth of make-up, clothing and other merchandise in 2020
Zhang Yiming built ByteDance Ltdas world’s most valuable private company via a string of blockbuster apps like TikTok that challenged Facebook and other incumbents on their own turf. His latest target now is Alibaba.
The 38-year-old AI coding genius, searching for ByteDance’s next big act, has set his sights on China’s $1.7 trillion e-commerce arena. The co-founder has hired thousands of staff and roped in big-name sponsors like Xiaomi Corp. impresario Lei Jun to drive what he calls his next “major breakthrough” into global business -- selling stuff to consumers via its addictive short videos and livestreams. That endeavour will test not just Zhang’s magic touch with app creation and ByteDance’s AI wizardry, but also investor reception ahead of one of the tech world’s most hotly anticipated IPOs.
GuangzhouGuangdongChinaShanghaiFoshanIndiaHong-kongSuningHebeiSingaporeZhou-huangJiangsuZhang Yiming built ByteDance Ltd. into the world’s most valuable private company via a string of blockbuster apps like TikTok that challenged Facebook and other incumbents on their own turf. His latest target: Alibaba.
The 38-year-old AI coding genius, searching for ByteDance’s next big act, has set his sights on China’s $1.7 trillion e-commerce arena. The co-founder has hired thousands of staff and roped in big-name sponsors like Xiaomi Corp. impresario Lei Jun to drive what he calls his next “major breakthrough” into global business — selling stuff to consumers via its addictive short videos and livestreams. That endeavor will test not just Zhang’s magic touch with app creation and ByteDance’s AI wizardry, but also investor reception ahead of one of the tech world’s most hotly anticipated IPOs.
GuangzhouGuangdongChinaShanghaiFoshanIndiaHong-kongSuningHebeiSingaporeZhou-huangJiangsuMay 9, 2021
Zhang Yiming built ByteDance Ltd. into the world’s most valuable private company via a string of blockbuster apps like TikTok that challenged Facebook and other incumbents on their own turf. His latest target: Alibaba.
The 38-year-old AI coding genius, searching for ByteDance’s next big act, has set his sights on China’s $1.7 trillion e-commerce arena. The co-founder has hired thousands of staff and roped in big-name sponsors like Xiaomi Corp. impresario Lei Jun to drive what he calls his next “major breakthrough” into global business — selling stuff to consumers via its addictive short videos and livestreams. That endeavor will test not just Zhang’s magic touch with app creation and ByteDance’s AI wizardry, but also investor reception ahead of one of the tech world’s most hotly anticipated IPOs.
GuangzhouGuangdongChinaShanghaiFoshanIndiaSuningHebeiSingaporeZhou-huangJiangsuBeijingThe Chinese video streaming site is trying to maintain its unconventional appeal and sense of community, as it embraces a wider audience. Early users say Bilibili is losing its original charm, but some analysts say there are no obvious alternatives. — SCMP
It was the winter of 2012 and Kevin Lin was 13 years old. Like many children his age in China, he was obsessed with Japanese anime. And just like them, he got his fix on the Internet.
His latest discovery was a scrappy anime streaming site named Bilibili.
Becoming a member of the platform was nothing like signing up for YouTube. First, Lin had to ace a 100-question quiz testing his knowledge on anime and the site’s rules. He failed a few times before finally passing with the help of Baidu, China’s Google equivalent.
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