How ByteDance Became the World’s Most Valuable Startup (2024)

Summary.

During the past decade, ByteDance has proven itself time and again to be a spectacularly innovative and successful company. This has been true not only for TikTok but many of its other apps, which have vast numbers of users. The company’s secret? It uses a shared-service platform, orSSP, to power innovation. In this article, the authors explain the many ways in which ByteDance has used its SSP to fuel development and growth.

• RC

  Roger Chen is a professor of strategy and corporate innovation at the University of San Francisco and an adjunct professor at Hong Kong University of Science and Technology. He co-founded the Journal of Asia Business Studies and serves as a foreign expert advisor at the post-doctoral research group of China Merchant Group.

• RM

  Rui Ma has nearly two decades of experience in technology and finance. She founded Tech Buzz China in 2018, has worked as an investment partner at 500 Startups, and spent a decade in private equity and mergers and acquisitions at the Raine Group, Morgan Stanley and Merrill Lynch, in both Silicon Valley and China.