Tag: ByteDance

Gozoop appoints Puneet Ikhe as associate director, brand solutions

Gozoop, a integrated communications company, has announced the appointment of Puneet Ikhe as associate director, brand solutions. Ikhe will be reporting to CEO and co-founder of Gozoop – Ahmed Aftab Naqvi. “We are building a solid leadership team and with Puneet onboard, we are stronger,” said Naqvi. Prior to this role, Ikhe has worked with ByteDance as…

ByteDance’s video games unit to acquire Mooton Technology

TikTok parent – ByteDance informed that Nuverse, its video games unit has agreed to acquire Mooton Technology, which is based in Shanghai. “Through cross-team collaboration and drawing on lessons and insights from its own rapid growth, Moonton provides the strategic support needed to accelerate Nuverse’s global gaming offerings,” a statement made by ByteDance said. ByteDance was…

TikTok owner Bytedance slashes jobs in India after permanent ban

TikTok owner Bytedance has decided to lay off more than 2000 jobs in India after prolonged ban by the Ministry of Electronics and Information Technology. The short-video platform has also decided to wrap up business in India amid the permanent ban. “We continually strive to make our apps comply with local laws and regulations and…

VC firm Sequoia Capital and KKR lead ByteDance funding round

U.S.-based private venture capital firm Sequoia Capital is leading TikTok parent – ByteDance’s fresh funding round, according to report. With the latest funding round, the valuation of the Chinese tech giant stands at $180 billion, the report added. Yiming Zhang is the founder and CEO of ByteDance. He started several ventures prior to ByteDance, including Kuxun.…

TikTok-parent ByteDance to shut down its Vigo apps in India

Chinese internet giant and TikTok parent company, ByteDance recently said that it plans to discontinue two of its social media platforms Vigo Video and Vigo Lite in India. The company has reportedly asked its users from its biggest overseas market to move to TikTok. In its message to users on Vigo apps today, ByteDance said…

Disney Head of Streaming Kevin Mayer joins TikTok as CEO

Head of Streaming for The Walt Disney Co. Kevin Mayer has recently resigned from his position to join TikTok as Chief Executive Officer. Along with this role, Mayer will also serve as the Chief Operating Officer of ByteDance, TikTok’s parent company. Mayer’s new appointment will be effective June 1, the Chinese company said. At Disney,…

TikTok Appoints Nikhil Gandhi as India Head

Former President and Chief Operating Officer of Times Global Broadcasting, Nikhil Gandhi, has been appointed as India head for TikTok. Tiktok is an iOS and Android social media video app for creating and sharing short lip-sync, comedy, and talent videos and  was launched in 2017 by ByteDance. It has over 200 million users. Nikhil will…