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Other While the majority of ByteDance’s efforts have been focused primarily on media and internet, the scope of the company’s ambition is not limited to those spheres. Like its China-based competitors Tencent and Alibaba, as well as US-based tech giants like Google and Facebook, ByteDance aims to keep users engaged by providing them with a wide variety of services. There’s a “long tail” of ByteDance apps and initiatives spanning everything from live streaming to enterprise messaging to education. Messaging ByteDance has launched messaging products, including an app called Duoshan that focuses on video chat. However, in a likely sign of a mounting rivalry, Duoshan’s growth was throttled by competitor Tencent, which blocked the app in its WeChat and Android stores. Source: Flipchat/Feiliao ByteDance launched another chat product called Flipchat (known as Feiliao in China), released a few months after Duoshan, which offers a combination of instant messaging and interest-based forums. Enterprise productivity The global market for enterprise collaboration is estimated to be worth over $40B and is set to grow quickly in the coming years, according to CB Insights’ Industry Analyst Consensus market sizing tool. Demand for productivity tools has seen strong growth in 11/17PDF Image | How TikTok’s Owner Became The World’s Most Valuable Unicorn
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