Zhang, 38, turned ByteDance right into a social media powerhouse which has additionally had many brushes with world regulators.
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This can be a timeline of key occasions within the emergence of ByteDance and TikTok.
2012 – Zhang Yiming founds ByteDance in Beijing.
2016 – Launches Douyin, the Chinese language model of TikTok.
2017 – ByteDance launches TikTok. Additionally acquires U.S. video app Flipgram and lip-syncing app Musical.ly.
July 2018 – Indonesia bans TikTok for inappropriate content material, lifting the ban per week later after it agrees to take away all “adverse content material” and open an workplace within the nation.
Aug 2018 – ByteDance integrates Musical.ly into TikTok. TikTok was initially standard in Asia and Musical.ly within the Americas and Europe.
2019
Feb 27 – TikTok surpasses 1 billion downloads globally. On the identical day, the U.S. fines it over Musical.ly’s unlawful assortment of private data from minors.
April 3 – A state court docket in India asks the federal authorities to ban TikTok, which it says encourages pornography. A short lived ban lasts two weeks.
Nov 1 – U.S. begins evaluate of TikTok’s Musical.ly purchase.
2020
April 29 – TikTok hits 2 billion downloads globally.
Could 18 – TikTok appoints ex-Walt Disney streaming chief Kevin Mayer as CEO. He quits after three months.
June 10 – EU regulators start to scrutinize TikTok’s practices after the Netherlands opened investigation into its insurance policies to guard youngsters’s knowledge.
June 29 – India bans TikTok and lots of different Chinese language apps over safety issues after a lethal border battle with China.
July 7 – Donald Trump, then U.S. President, suggests a TikTok ban to punish China for the COVID-19 pandemic.
July 20 – Australia scrutinises TikTok for dangers of potential overseas interference, sources say. Days later Australia says it has discovered no proof to indicate it ought to limit TikTok.
July 29 – Japan’s ruling occasion urges authorities to take steps to restrict TikTok use, involved that person knowledge could find yourself in Chinese language authorities palms, public broadcaster NHK stories.
July 31 – Trump says he plans to ban TikTok in the US inside 24 hours. He then points government order banning transactions with TikTok and ByteDance, beginning in 45 days.
Aug 2 – Microsoft publicizes it’s exploring a purchase order of TikTok’s U.S., Canadian, Australian and New Zealand companies.
Aug 8 – Sources say Twitter held preliminary negotiations about an acquisition of TikTok’s U.S. operations.
Aug 12 – ByteDance says is in talks with India’s Reliance for an funding in TikTok.
Aug 14 – Trump orders ByteDance to divest its curiosity in TikTok’s U.S. operations inside 90 days.
Aug 18 – Oracle joins some ByteDance traders in pursuing a bid for TikTok’s operations in North America, Australia and New Zealand, sources say.
Aug 20 – TikTok removes 380,000 movies within the U.S. for violating hate speech coverage.
Aug 23 – TikTok sues the U.S. administration over Trump’s government order banning transactions with the app.
Aug 27 – Walmart says it’s becoming a member of Microsoft in a bid for TikTok’s U.S. belongings.
Sept 14 – ByteDance picks Oracle over Microsoft as its associate in a bid to maintain TikTok working in the US.
Sept 17 – ByteDance says China must approve its proposed cope with Oracle for its TikTok app.
Sept 17 – ByteDance plans a U.S. IPO of TikTok International, a brand new firm that may function the video app, ought to its cope with Oracle get cleared by the U.S. authorities, sources say.
Sept 18 – Trump administration says it’s going to ban WeChat and TikTok from U.S. app shops from Sept. 21.
Sept 20 – Trump says he has blessed Oracle’s cope with TikTok, with Walmart taking a 7.5% stake in TikTok International.
Sept 21 – ByteDance and Oracle subject conflicting statements over the phrases of the settlement.
Sept 27 – U.S. choose quickly blocks Trump order to bar Apple and Google from providing TikTok for obtain.
Oct 9 – Pakistan blocks TikTok for failing to filter out indecent content material, lifting the ban 10 days later after TikTok agrees to reasonable accounts.
Oct 26 – ByteDance is in talks with funding banks to listing Douyin in Hong Kong, sources say.
Nov 5 – ByteDance is in early talks to lift a brand new spherical of financing that may worth it at $180 billion, sources say.
Nov 10 – Nov. 26 – ByteDance challenges Trump’s order to divest TikTok, and is granted extensions.
2021
Jan 19 – ByteDance launches cellular fee service Douyin Pay in China.
Jan 27 – ByteDance to chop its 2,000-plus India group.
Feb 2 – Douyin sues Tencent for monopolistic behaviour, intensifying an ongoing feud between the 2.
March 5 – ByteDance engaged on a Clubhouse-like app for China, sources say.
March 11 – Pakistan blocks TikTok once more, lifting curbs on April 16.
March 17 – TikTok could launch a group-chat function in 2021, sources say.
March 22 – ByteDance agrees to purchase Moonton, in a deal that sources say values the gaming studio at round $4 billion. Just a few weeks later it buys C4games.
March 24 – ByteDance hires Xiaomi government Shouzi Chew for newly-created chief finance officer position.
April 23 – ByteDance says has no imminent plans for an IPO.
April 30 – TikTok says Shouzi Chew will likely be its new CEO.
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