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BYTEDANCE INTERNATIONAL EXPANSION
ByteDance secures $29.6 billion loan in AI push, sources sayByteDance secured a massive $29.6 billion loan from nearly thirty banks. Chinese banks provided over sixty percent of this significant loan...- Microsoft makes big AI inroads in China by selling OpenAI modelsMicrosoft is significantly growing its AI business in China, with ByteDance reportedly spending over $1 billion annually on its cloud and A...
- TikTok: key things to know about the video sharing platformVideo-sharing platform TikTok has over a billion users worldwide, including more than 170 million in the United States, it says -- nearly h...
- 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...
- TikTok set to lay off 300 employees in content moderation, trust & safety teams: FT reportThe report by the Financial Times also said the ByteDance-owned video platform is looking at technological advances, including working on l...
- China leaders take reins at TikTok Shop in US as sales miss goalTikTok Shop in the US is navigating turbulent waters as it struggles to meet its ambitious sales targets. In a significant shift, ByteDance...
- ByteDance aims to match Meta sales in 2025 as TikTok gains steamByteDance is aiming for 20% revenue growth in 2025, reaching $186 billion and nearing Meta’s projected earnings. Despite US pressure to div...
- A closer look at TikTok as US Supreme Court weighs its fateThe US Supreme Court will hear TikTok's appeal against a law requiring its Chinese owner to sell or shut down the platform in the US. TikTo...
- TikTok owner ByteDance's chief warns against mediocrity as AI brings disruptionByteDance CEO Liang Rubo warned employees about the company's complacency and lack of attention to AI technology. He mentioned the delayed ...
- Jack Ma returns to rally troops after Alibaba’s troubles deepen“Every great company is born in a winter,” Ma wrote in response to a staff post. “The people willing to reform for the future, and the orga...
- As ties to China turn toxic, even Chinese companies are breaking themAs relations between the United States and China turn increasingly rocky, some of China’s most entrepreneurial brands have taken steps to d...
- Alibaba cuts a third of deals team staff after regulatory crackdown: reportAlibaba plans to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70, said two of the...
- Tencent reports Q1 profit slump, no growth in revenueTencent's revenue totalled 135.5 billion yuan ($20.08 billion) in the quarter ended March, versus 135.3 billion yuan in the same quarter la...
- Facing pressure at home, Chinese tech giants expand in SingaporeChinese tech giants are expanding in Singapore as they face a crackdown at home and growing pressure in other key markets - but they may st...
- ETtech Evening Briefing, 29 Jan. 2021: Economic Survey 2021 & India’s Startup EconomyFrom Economic Survey 2021’s take on India’s startup ecosystem and gig economy to the government notifying India Seed Fund Scheme, here’s a ...
- TikTok, Tik.... The clock's run out on ByteDance’s India dreamTikTok always had a rocky relationship with India. Now, as the most valued startup in the world exits its biggest international market, a l...
- Mitron TV announces new leadership appointmentsFormer ByteDance executive Shyamanga Barooah has joined the platform as head of content strategy.
- Trump ban on top messaging app risks snarling global businessThe White House’s vaguely worded edict left a lot of open questions about how broadly the ban would be applied and the full ramifications f...
- By going after TikTok, Donald Trump is opening a new front in technology war with ChinaIndia showed the way when it banned dozens of Chinese mobile apps including TikTok and Tencent’s WeChat, while Australia and Japan are repo...
- 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...
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