2017 tag
Article looks recent to me.
Bytedance said to be valued at over $75B in new round
111–120 of 193 posts
Re: Bytedance said to be valued at over $75B in new round
#112My opinion on the long term potential of China's short video platforms has changed completely in the last three months. Used to be high on it, but now I think it's useful but not to this hyped up level, not even close. The majority of videos on Douyin belong to one of these three categories, 1, girls putting on crazy amount of makeup staring at the camera or lip syncing. The platforms's software are often used to mak…
Actually there is Wechat's subscription accounts, which is for the more in-depth analysis and long posts. So it's more of a market segmentation strategy I would say.
Sort of similar to how Instagram and New Yorker work in US. You can use/read either of them, or both.
I would like to write something on Wechat subscription accounts soon, which like douyin so few people outside the Chinese circle knows.
Edit: Instagram is a better example than Snapchat.
Re: Bytedance said to be valued at over $75B in new round
#113How the heck have I never heard of this company that is apparently worth $75 billion.
I haven't seen hacker news posts. I haven't recieved Bay area recruiting emails. Just out of nowhere.
Edit: oh. This is a conglomerate that aoorently owns music.ly
Re: Bytedance said to be valued at over $75B in new round
#114Earlier quoted context omitted.
> Most people don’t get it, or understand why it’s so big. I'll bite. What is it and why it's got so big?
It’s an app for sharing short audiovisual clips and it’s huge because it developed in a culture of good-natured, one-upsmanship that is suited to a broad audience of Asian youth (including China, Japan, Korea, Indonesia, Philippines, South Asia, etc.), and in turn was fueled by adaptive feeds based on user behavior and feedback. I liked it because the content was friendly, accessible, and creative. I assume others fe…
Any samples available on the open web?
Re: Bytedance said to be valued at over $75B in new round
#115Earlier quoted context omitted.
>First of all, that's rude. Real question: Is there some social etiquette rule that says describing a person to a news audience as "unknown" is being rude? Honestly, I've never heard of that. If I created a billion dollar company and Bloomberg called me "an unknown" , I'd consider it a massive compliment. It means that I was able to grow the company totally under the radar without any distracting interview requests f…
FWIW I have always been under the impression that "first of all that's rude" is mostly used as a funny meme, a recurring harmless little joke (to put emphasis on what comes next in the speech).
Bit of a joke at first, but became more serious when people started to frame it as a compliment. I wouldn't blame anyone for missing humor on here.
Ultimately, it's a difference of opinion and social influences. It got an article click anyway, so mission accomplished for Bloomberg.
Re: Bytedance said to be valued at over $75B in new round
#116My opinion on the long term potential of China's short video platforms has changed completely in the last three months. Used to be high on it, but now I think it's useful but not to this hyped up level, not even close. The majority of videos on Douyin belong to one of these three categories, 1, girls putting on crazy amount of makeup staring at the camera or lip syncing. The platforms's software are often used to mak…
Actually there is Wechat's subscription accounts, which is for the more in-depth analysis and long posts. So it's more of a market segmentation strategy I would say. Sort of similar to how Instagram and New Yorker work in US. You can use/read either of them, or both. I would like to write something on Wechat subscription accounts soon, which like douyin so few people outside the Chinese circle knows. Edit: Instagram…
I agree, though Instagram is images based with plenty of sources for good contents (photos created by shopping web site, the makers of those products, etc.), but videos are not as plentyful.
Re: Bytedance said to be valued at over $75B in new round
#117My opinion on the long term potential of China's short video platforms has changed completely in the last three months. Used to be high on it, but now I think it's useful but not to this hyped up level, not even close. The majority of videos on Douyin belong to one of these three categories, 1, girls putting on crazy amount of makeup staring at the camera or lip syncing. The platforms's software are often used to mak…
What do you think the vast majority of people's facebook/instagram/twitter/reddit feed's look like. The answer is those things too.
haha true. I watched 10 days non-stop of cute cats on Douyin, then I tried to find other types, but found very lacking.
Re: Bytedance said to be valued at over $75B in new round
#118> Bytedance now faces questions over when or even how it will start making a profit. $75B value and it still faces the most basic question. Makes me feel I don't understand business at all. Also its main app seems to be musically. I have only heard of it but it seems a little to an app like Dubsmash. Did dubsmash ever make any money? What is the business model for such apps?
Not a fan of the company, but they are much more than musical.ly.
- Toutiao, the content farm (think Buzzfeed++), a pivot from the original news aggregator model. It has 120M DAU as of last October, per YC's report [1].
- Douyin, or Tik Tok, the short video platform, a pivot from originally a copycat of Musical.ly (ironically). It has 150M DAU [2].
- Dailyhunt, Toutiao for the India market.
- Musical.ly, an acquisition.
I have a strong disdain for the company, because the content is almost completely garbage, rumors, and click-baits, and it is dangerously addictive.
[1] https://blog.ycombinator.com/the-hidden-forces-behind-toutia...
[2] https://walkthechat.com/douyin-became-chinas-top-short-video...
Re: Bytedance said to be valued at over $75B in new round
#119Here's me, wandering around the internet for multiple decades now. Tuning into Slashdot for maybe 10 years, HN for about 5 years, I'm tuned into pretty much all of the new school recent developments and current events, across a wide range of technologies, and I've never heard of this particular company, neither heard nor used of any of its products, nor heard mention of any of them, until right now, today, and it's t…
Sorry to sound harsh. Maybe it's time to burst out of the English/US bubble and look at what's happening around other parts of the world. Come to think of it, maybe I should start a blog focused on covering tech in China. Edit: To give some context, out of 10 videos that I see on facebook, about 3 of them are "directly taken" from douyin. You can spot them because they have the watermark in Chinese. Granted my social…
[deleted]
Re: Bytedance said to be valued at over $75B in new round
#120Earlier quoted context omitted.
It’s an app for sharing short audiovisual clips and it’s huge because it developed in a culture of good-natured, one-upsmanship that is suited to a broad audience of Asian youth (including China, Japan, Korea, Indonesia, Philippines, South Asia, etc.), and in turn was fueled by adaptive feeds based on user behavior and feedback. I liked it because the content was friendly, accessible, and creative. I assume others fe…
Any samples available on the open web?