ByteDance concept 14 rose in intraday trading. As of press time, shares of Pioneer Holdings, Guangbo, Shengguang Group, Huicheng Technology, Wenhua Group and Cuiwei had daily limit, while Tian Zi Technology rose by nearly 8%, while Caesars Culture, Tiandi Online, Wangfujing and Tianlong Group rose by more than 6%.

According to the data, ByteDance was founded in March 20 12. At present, ByteDance owns many well-known applications such as Today's Headline, TikTok, Watermelon Video and Tiktok. And in many new fields such as education, e-commerce, games, and corporate services.

According to public reports, ByteDance has completed at least 9 rounds of financing, and the participating institutions include SequoiaCapital, SIG, TigerGlobalManagement, GeneralAtlantic, KKR, Coatue, Softbank and DST, with accumulated financing of tens of billions of dollars. It is reported that these funds are mainly used for the rapid development of various products and business lines in ByteDance, especially the overseas expansion of Tik Tok.