ByteDance is a privately owned company headquartered in China. Founded in 2012, it employs approximately 130,000 individuals and reported $159.1B in revenue as of 2024. The company primarily engages in software development, operating a range of content platforms designed to inform, educate, and entertain. ByteDance is dedicated to building global platforms of creation and interaction, and maintains a portfolio of applications, including TikTok, Helo, Vigo Video, Douyin, and Huoshan, available in over 150 markets and 75 languages.
ByteDance will fully open the API for its video generation model, Seedance 2.5, on July 16, 2026. This move transitions the model from its gray zone test phase to formal commercialization, aiming to lower the barrier for high-quality video generation. Earlier, on July 9, the company launched Seedream 5.0 Pro, its advanced multimodal AI image generation and editing model. Designed for professional creators, marketers, designers, and production teams, Seedream 5.0 Pro offers features such as advanced layer editing, multilingual precision, and production-ready control.
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