ByteDance eyes big data push with Terark acquisition

ByteDance, one of China’s leading mobile internet companies and parent of TikTok and Toutiao apps, has acquired Beijing-based big data firm Terark for an undisclosed sum, allowing it to broaden its customer base to market leaders such as Alibaba Group.

A Chinese shareholding monitoring website reported on Monday that ByteDance founder and chief executive Zhang Yiming now holds a 98.81 percent stake in Qijian…