But ByteDance has actually churned out one wildly successful product after another — among them its initial hit, Toutiao, the most popular news app in China, wh

But ByteDance has actually churned out one wildly successful product after another — among them its initial hit, Toutiao, the most popular news app in China, which today has 320 million monthly active users, and Douyin, a short-video app that preceded TikTok. Respectively, Toutiao and Douyin account for 20% and 60% of the company’s total advertising revenues. Harvard Business Review did a case on how ByteDance operates: https://hbr.org/2022/02/how-bytedance-became-the-worlds-most-valuable-startup https://hbr.org/2022/02/how-bytedance-became-the-worlds-most... They make a lot of apps. Most don't work. They move on. When one shows signs of working, they pour resources into it.