Skip to content
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
placeholder-661-1.png
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
logo

ByteDance launches Volcano Engine brand to offer TikTok ‘secret’ to businesses

ByteDance launched its new Volcano Engine brand to offer the proprietary algorithm used to power TikTok’s personalized recommendations to more corporate clients. This is because the company seeks to expand beyond mainstay consumer products.

Algorithm is the secret behind TikTok’s global success. It was one of the focal points when China’s ByteDance was forced into talks to sell part of TikTok’s U.S operations last year on account of the executive order by the former President Donald Trump’s. China had revised its export restrictions so that it would have a say over the potential transfer of TikTok’s algorithm to foreign buyers. The current U.S. President Joe Biden revoked Trump’s order. He also ordered a new review of security concerns posed by the Chinese apps.

YOU MAY ALSO LIKE

Hope and Innovation: A Bionic Arm for Nigeria

Brazil’s C&M Software Resumes Operations After Cyberattack With Central Bank Approval

ByteDance said in a statement that Volcano Engine offers enterprise clients technologies such as recommendation algorithm, data analysis and artificial intelligence. It said that Volcano Engine is operating for a year. It has corporate clients such as e-commerce giant JD.com, smartphone maker Vivo and automaker Geely. There is a plan to add public cloud computing services, an already immensely competitive sector which is dominated by Big Techs in China such as Alibaba, Tencent and Huawei.

ByteDance declined to comment on this cloud service plan. It’s bulk of revenue comes from consumer-facing products such as Douyin, the Chinese version of TikTok, and news gathering app Jinri Toutiao. Businesses are set to weaken as growth those businesses grow. ByteDance has been seeking to make inroads into new areas such as enterprise services. The company also operates a work-collaboration tool Lark and its Chinese version Feishu.

Tags: ByteDanceTechnologyTikTok

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

An Economic Dilemma: The Temptation of Inflation

An Economic Dilemma: The Temptation of Inflation

A Shift in Global Governance: A New Order for the Global South

A Shift in Global Governance: A New Order for the Global South

A Shift in Hiring Dynamics on Wall Street

A Shift in Hiring Dynamics on Wall Street

Market Sentiments and Asia’s Currencies

Market Sentiments and Asia’s Currencies

Hope and Innovation: A Bionic Arm for Nigeria

Hope and Innovation: A Bionic Arm for Nigeria

European Stocks Edge Higher as Consumer and Healthcare Gains Offset Tech and Defence Weakness

European Stocks Edge Higher as Consumer and Healthcare Gains Offset Tech and Defence Weakness

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

An Economic Dilemma: The Temptation of Inflation

A Shift in Global Governance: A New Order for the Global South

A Shift in Hiring Dynamics on Wall Street

Market Sentiments and Asia’s Currencies

Hope and Innovation: A Bionic Arm for Nigeria

Categories

  • Banking
  • Business
  • Events
  • Finance
  • Blogs
  • Fintech
  • Forex
  • Insurance
  • Technology
  • Videos

Social Media

COPYRIGHT © 2020-2025 GLOBAL BUSINESS REVIEW MAGAZINE LLC - ALL RIGHTS RESERVED

  • About Us
  • Contact Us
  • Advertise With Us
  • Leadership report
  • Privacy Policy
  • Disclaimer
  • Terms & Conditions
No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

Copyright © 2025 Global Business Review Magazine - All Rights Reserved.