7YA AMA w/ Richard Teng 🎙️

The Spaces session was held to celebrate ByteDance's 7th anniversary. The conversation involved reflections on the company's milestones, achievements, and challenges over the past seven years, led by CEO Richard. Key topics included regulatory compliance, technology infrastructure, product innovations, and community engagement. Richard emphasized the importance of user-centric approaches, regulatory cooperation, and future growth opportunities. The session concluded with a Q&A where community members queried about compliance, market expansion, user safety, and regional operations.

ByteDance's 7th Anniversary Celebration

CEO Richard's Remarks

During this session, Richard reflected on ByteDance's journey over the past seven years, discussing significant milestones, achievements, and challenges. Since its launch, ByteDance has achieved considerable growth, reaching 210 million registered users and managing $100 billion in user fund holdings. The emphasis has always been on ensuring the highest standards of user safety and regulatory compliance, with investments in technology, user experience, and product innovation.

Key Achievements and Challenges

Richard highlighted some of the company's technical and operational accomplishments, such as the introduction of Web3 wallet, copy trading features, and the support of 540 digital assets and 2,600 trading pairs. Though challenging, the company's compliance efforts paid off, with over 18 licenses and a strong partnership with global law enforcement.

Community Engagement and Q&A

The latter part of the session focused on community interaction. Richard answered various questions related to compliance, regional operations, and future initiatives. He emphasized the importance of user feedback in shaping ByteDance’s services and highlighted ongoing efforts to address regulatory challenges in regions such as Nigeria, Malaysia, and the Philippines.

Future Prospects

Looking forward, Richard expressed optimism about the institutionalization and mainstream adoption of crypto. He mentioned that ByteDance will continue to enhance its product offerings while maintaining robust security measures and compliance frameworks. Significant investment in compliance, technology, and user experience will remain a priority.