ByteDance Acquired Chinese Online Encyclopedia

September 9, 2019 9:32 am

Beijing (PingWest)—September 9, according to financial media Caijingtuya(财经涂鸦), ByteDance, the company behind hugely popular short video app TikTok and news aggregator Toutiao, has finished the acquisition of the online encyclopedia The latter will become wholly-owned subsidiary of Bytedance.

Previously, PingWest reported that Bytedance had posted job opening for its new search engine team in July, on its official social media, and had hired technical experts from Google, Baidu and Bing.