As we all know, the early domestic Internet era is the BAT era, and these three giants are the three mountains that lie in front of Chinese Internet entrepreneurs, and no one can cross them.
Later, B began to fall behind and became the AT era, in which AT became stronger and stronger, forming a duopoly pattern, and most other Internet entrepreneurs could not escape the fate of being invested or acquired by them.
Therefore, we can see that at present, many domestic Internet companies, more or less, have the shadow of AT behind them, and these two major enterprises have formed two poles.
However, there is an Internet company that is not among these two poles, and it is ByteDance. What's more, ByteDance actually surpassed Tencent, which makes people shout, times have changed, Zhang Yiming took ByteDance to pick off the Internet big brother Tencent.
Data shows that in the first half of 2023, Byte's revenue will be about 54 billion US dollars (about 390 billion yuan), which has surpassed Internet companies such as Tencent and Alibaba, and officially topped China.
Recently, some foreign media reported that ByteDance's sales in 2023 will reach 110 billion US dollars, surpassing Tencent, and truly topping the first place in China's Internet in the year.
But this all shows that Zhang Yiming, a young man, finally defeated his predecessor Ma Huateng.
On the one hand, it is the algorithm, ByteDance's biggest weapon is the algorithm, which makes people addicted, and all of ByteDance's products are using algorithms to accurately taste users, which is a new business model.
The second aspect is the rise of Douyin live e-commerce, Douyin not only allows customers to advertise on it, but also allows everyone to sell goods directly on it, which greatly boosts Byte's revenue.
In addition, there is the rapid development of TikTok overseas, and TikTok may also be China's first and most successful global APP, TikTok is currently competing with Facebook and other overseas, and even overseas revenue has been rising, approaching Meta.
In addition, ByteDance is a popular APP manufacturing machine, and has launched N popular APPs, launching a popular one, such as volcano video, watermelon video, Toutiao, Douyin and so on.
Of course, from the growth of ByteDance, we also found a fact, that is, globalization and the comprehensive export of their products and technologies to the sea may be the only way for Chinese enterprises to develop and grow in the future.
The same is actually true for ByteDance, because of globalization and TikTok's overseas expansion, it has been able to obtain such a status, which is also something worth pondering for other Chinese companies.