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BYTEDANCE INC.
TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest personZhang’s net worth climbed to $92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index...- Social media companies pay $27 million to settle Kentucky school district's lawsuit over social media harms, records showMeta settled the case brought by Breathitt County School District on May 21, a few weeks before a planned June trial, following earlier set...
- Thailand's SiamAI denies exporting US AI servers to ChinaBangkok-based SiamAI has denied allegations of exporting AI servers to China, stating full compliance with US export control laws. The comp...
- China’s Netflix expects AI to create bulk of shows in five yearsIQiyi Inc. is set to transform its operations, anticipating AI will generate most films and shows within five years. The company is launchi...
- TikTok owner ByteDance on track for $50 billion profit in 2025The Beijing-based parent company of TikTok is on track to hit that milestone after amassing net income of about $40 billion over the year’s...
- ByteDance says committed to VR business Pico after report of it shutting brandThe Pico headsets are often seen as ByteDance's answer to the popular Quest headsets developed by Meta Platforms Inc. Pico has the biggest ...
- TikTok parent ByteDance to ‘vigorously’ fight former US executive allegationsYintao Yu has sued ByteDance in a San Francisco court as political pressure has been growing in the US to ban TikTok.
- Dismissed for flagging illegal activity, says former ByteDance executiveThe dispute comes at a time when ByteDance-owned app TikTok faces growing calls for a nationwide ban from some US lawmakers regarding conce...
- TikTok owner ByteDance said to aim for Hong Kong IPO by early 2022ByteDance, the world’s most valuable startup, is planning to list in either the fourth quarter of this year or in early 2022, the FT report...
- TikTok owner ByteDance launches share buyback after shelving IPO plansIn an email sent to current and former employees this week, ByteDance said eligible shareholders can apply to sell their holdings by June 2...
- ByteDance founder Zhang Yiming to step down as CEOZhang Yiming's decision to step down as ByteDance CEO comes less than a month after the Chinese technology giant named its CFO Shouzi Chew ...
- ByteDance is restructuring TikTok India team, transfers country headThe restructuring is in line with the impending TikTok Global IPO in October, wherein retained employees of TikTok India will look to redee...
- TikTok owner's sales doubled to $35 billion despite US banThe Chinese company managed to grow operating profit to roughly $7 billion in 2020 from less than $4 billion the prior year.
- US grants ByteDance new seven-day extension of TikTok sale orderThe administration previously had granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. Presi...
- How a marked-up term sheet and messy rollout threw TikTok deal into disarrayWhat appeared as a coup clinched by Mnuchin, a former Goldman Sachs Group Inc investment banker, did not hold. ByteDance would subsequently...
- The math doesn’t add up on TikTok’s deal with Oracle and WalmartThe exact math may not matter very much, given Trump’s demand that China have no involvement in the new TikTok.
- Oracle enters race to buy TikTok's U.S. operations: ReportMicrosoft is particularly interested in buying TikTok in Europe and India, where it was recently banned by the Indian government after bord...
- TikTok's parent, ByteDance, launches global hiring spree with 10,000 new jobsLike rival Tencent Holdings Ltd, ByteDance’s social media channels have seen usage spike after the Covid-19 pandemic confined millions of p...
- TikTok owner ByteDance aims to build global reach before IPODiscussions around an eventual IPO come at a time when ByteDance needs new engines of growth with TikTok on the wane as global downloads of...
- TikTok’s parent pushes into search businessByteDance, known for aggressively recruiting top tech talent, is turning its attention to one of the most lucrative businesses online.
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