ByteDance is a Chinese multinational internet technology company headquartered in Beijing. It was founded by Zhang Yiming in 2012. ByteDance is the developer of the video-sharing social networking services and apps TikTok and Douyin, the Chinese-specific counterpart to TikTok. ByteDance also owns the social media platform Helo and news aggregator service Toutiao. ByteDance's platforms have been downloaded more than 2 billion times worldwide and the company was valued at $180 billion as of November 2021.