Imaginechina has been acquired by Bytedance, a digital tech company based in Beijing. The stock agency will continue to operate independently as a photo, video and commercial licensing agency serving editorial media, advertisers, creative agencies and brands, in China, Hong Kong and Taiwan.
Bytedance is mainly known for its APP platform Toutiao, a news application which is used by more than 500 Million users in China. It is one of the fastest growing companies since it was created by Zhang Yiming in 2012. The Company has over 1000 engineers and has developed formidable tools and technology that will help Imaginechina to acquire and develop data and artificial intelligence driven technology, aggressively expand its presence in the mobile information world, and enter into a new phase of very exciting development in China.
There won't be any change to the existing partnerships and agreements with other stock agencies and photographers. All contacts remain unchanged.
Imaginechina CEO Jerome Lacrosniere says, “We are very happy to join forces with such an ambitious Company and reassure all of you that we are engaging our agency in a very promising and ambitious direction.”