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ByteDance’s Doubao Vision Understanding Model is 85% Cheaper than the Industry Average Price – Pandaily

On December 18th, at the Force Conference hosted by the Volcano Engine, ByteDance officially launched the Doubao Vision Understanding Model and announced its price at 1,000 tokens for 0.003 yuan, 85% cheaper than the industry average, which means that for one yuan, it can process 284 images of 720P resolution. This signifies ByteDance replicating its […]

ByteDance Founder Zhang Yiming Enters the Private Equity Industry, Mainly Investing in Technology-Related Sectors – Pandaily

On December 18th, it was reported that “Cool River Venture HK Limited”, founded by Zhang Yiming, co-founder of ByteDance, officially obtained the Hong Kong license plate number 9. According to the announcement of the Hong Kong Securities and Futures Commission, Cool River Venture HK Limited obtained License No. 9 issued by the Hong Kong Securities […]

Prepare to remove TikTok from app stores by January 19, US lawmakers tell Google and Apple – Music Business Worldwide

US lawmakers have instructed Google and Apple to prepare to remove TikTok from their app stores by January 19, 2025, if its China-headquartered parent company ByteDance hasn’t sold the platform by that date. On December 6, the US Court of Appeals for the District of Columbia Circuit (DC Circuit) rejected TikTok’s legal challenge to a law requiring […]

Суд отклонил просьбу TikTok приостановить действие закона, требующего продажи приложения

Федеральный апелляционный суд оставил в силе крайний срок, до которого приложение TikTok должно быть продано под угрозой его запрета в США. Суд отклонил просьбу компании приостановить исполнение закона до тех пор, пока Верховный суд не рассмотрит ее возражения. Ожидается, что TikTok и ее китайская материнская компания ByteDance подадут апелляцию в Верховный суд США. Пока неясно, […]

Chinese retailer Miniso slams ByteDance-owned Douyin for exorbitant fees

Douyin, the Chinese version of TikTok with domestic e-commerce operations, has been slammed for charging exorbitant promotion fees amid insufficient sales by the head of Chinese budget retailer Miniso Group, which runs multiple stores on the ByteDance-owned platform. Miniso founder and chief executive Ye Guofu, 47, levelled his criticism of Douyin via his WeChat post […]