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BYTEDANCE FINANCIAL PERFORMANCE
Zhipu accelerates pivot to domestic chips amid AI boom in ChinaChinese AI firm Zhipu AI is boosting its use of local chips amid soaring computing needs. The company reported strong revenue growth for 20...- China's internet firms cautiously revive lending as Beijing pushes consumer loansBeijing began reining in what it described as "disorderly expansion" by internet platforms in 2020 by pulling the IPO of Alibaba-affiliated...
- Chinese firms still want Nvidia chips despite government pressure not to buy, sources sayThe B30A - if approved for sale by Washington - is likely to cost about double the H20, which currently sells for between $10,000 and $12,0...
- TikTok owner ByteDance sets valuation at over $330 billion as revenue grows, sources sayThe company plans to offer current employees $200.41 per share in the repurchase programme, the people said, up 5.5% from $189.90 each it o...
- How TikTok grew from a fun app for teens into a potential national security threatTikTok went dark in the United States on Saturday, hours before a federal ban on the Chinese-owned short-video app took effect. The shutdow...
- How TikTok grew from a fun app for teens into a potential national security threatTikTok, originally a merger of ByteDance's Douyin and Musical.ly in 2017, has faced escalating national security concerns in the U.S. due t...
- How TikTok grew from a fun app for teens into a potential national security threatTikTok, a global social video app owned by China-based ByteDance, faces a potential ban in the US unless sold to a US owner. Concerns about...
- How TikTok grew from a fun app for teens into a potential national security threatTikTok's tumultuous journey includes growth from a teen app to a global trendsetter, facing national security concerns and ownership disput...
- ByteDance prefers TikTok shutdown in US if legal options fail: reportByteDance considers shutting down TikTok over U.S. ban legislation, unlikely to sell due to crucial algorithms. China opposes forced sale. ...
- Baidu, ByteDance, Tencent and Alibaba order $5 billion of Nvidia chips to power AI ambitions: FT reportAccording to the report, Baidu, TikTok-owner ByteDance, Tencent and Alibaba have made orders worth $1 billion to acquire about 100,000 A800...
- Galloping UnicornsIn today's ETtech Morning Dispatch newsletter: startup fundraising touched a record high in Q4, TikTok restructuring its India team and Rel...
- Asian stocks fall on concerns about fresh lockdowns, banking sectorEmerging market stocks lost 1.64%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.26% lower. In Asia, Australia's S&P/...
- How ByteDance's CEO Yiming Zhang balked at selling TikTok's U.S. businessChina's opposition to a forced sale of TikTok, as well as concerns by major ByteDance backers such as Sequoia and General Atlantic over the...
- TikTok parent company, ByteDance, halts hiring in India; tries to retain employeesThe company, which has 2,000 employees in India, is trying to hold on to staff amid discussions of a sale of TikTok with Microsoft and Twit...
- TikTok parent, ByteDance, hits $3 billion in net profit last yearByteDance, led by Zhang Yiming, is becoming a viable rival to the dominant American online behemoths, Facebook Inc. and Alphabet Inc. Faceb...
- TikTok owner is world’s most valuable startup at over $100 billion in private marketsByteDance's valuation has risen at least a third to more than $100-bn in recent private share transactions.
- 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 relentless growth in India is hitting FacebookByteDance, the world’s most valuable startup, is banking on its global product approach and user-generated content to win over the Indian m...
- In battle for talent, one startup founder tries 'unlimited' payThe company is best known for a mobile app called Jinri Toutiao, or Today's Headlines, which aggregates news and videos from hundreds of me...
- In battle for talent, one startup founder tries 'unlimited' payThe company is best known for a mobile app called Jinri Toutiao, or Today's Headlines, which aggregates news and videos from hundreds of me...
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