TikTok’s infamous algorithm and its link to a failed real estate app.
Zhang Yiming founded ByteDance, the parent company of TikTok, but previously served as the CEO of 99Fang, a Chinese home finder startup with “very powerful” tech for search, image processing, and recommendations.
Now, The New York Times reports that former contractors suing Susquehanna, an investor in both companies, claim technology they developed for 99Fang was used to create TikTok without compensating them.