China has approximately 1.09 billion internet users as of 2023, while Douyin, the Chinese version of TikTok, boasts over 600 million daily active users (DAUs). This showcases the significant presence and influence of ByteDance, the parent company of both TikTok and Douyin, in the Chinese digital landscape.

Douyin boasts over 600 million daily active users as of Q1 2024. The platform has witnessed significant growth in recent years, thanks to its engaging short-form video content and the integration of AI technologies for personalized user experiences.

Kuaishou announced at the World Artificial Intelligence Conference (WAIC) that its Midjourney-like model, Kolors, would become open source. This move aims to contribute to a more prosperous ecosystem for the text-to-image generation community.

In the past year, ByteDance has developed AI models such as the Doubao large language model, the multimodal BuboGPT, AI learning partner Hippo AiXue, AI interactive storytelling product MaoXiang, AI-generated image product PicPci, and multimodal digital human products. Additionally, they have launched AI conversational products including DouBao, Kouzi, and Cici, and AI-generated image and video products.