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BYTEDANCE LISTING
ByteDance in talks with China's Iluvatar CoreX to purchase AI chipsByteDance, the influential technology entity known for its innovative platforms, is reportedly in discussions to acquire AI chip technology...- Court rules EU must drop strict curbs on Facebook MarketplaceThe appeal before the EU's General Court in Luxembourg regarded the platforms' designation under the Digital Markets Act (DMA), one of seve...
- US clears H200 chip sales to 10 China firms as Nvidia CEO looks for breakthroughDespite US approval for around 10 Chinese firms to buy Nvidia's H200 AI chips, no deliveries have occurred. CEO Jensen Huang's China trip, ...
- TikTok challenges EU 'gatekeeper' status at Europe's top courtTikTok is fighting its EU 'gatekeeper' status in court. The company argues it does not meet the strict criteria set by the Digital Markets ...
- China’s Meta backlash renders Manus model ‘officially dead’Beijing's order for Meta to unwind its $2 billion takeover of AI startup Manus signals a new era of regulatory scrutiny for China's tech in...
- EU rules reining in Big Tech will now target cloud services and AI, regulators sayThe European Union is expanding its Digital Markets Act to cover cloud and artificial intelligence services. This move aims to ensure faire...
- 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...
- ByteDance developing AI chip, in manufacturing talks with Samsung, sources sayByteDance aims to receive sample chips by end-March, they said. The company plans to produce at least 100,000 units of the chip, designed...
- TikTok parent ByteDance to allow US staff to cash out on shares: reportThe move is aimed at appeasing restless employees who have been waiting for an initial public offering to profit from the shares they have ...
- ByteDance shuts game development studio, lays off over 100ByteDance's gaming studio had around 300 employees and according to the report, some of them have been transferred to other verticals withi...
- TikTok owner ByteDance appoints lawyer Julie Gao as new CFOGao, currently a Hong Kong-based capital markets attorney at law firm Skadden, will be based in Hong Kong and Singapore once she joins Byte...
- ByteDance said to be in talks to borrow up to $3 billionTikTok owner ByteDance plans to take advantage of currently low-interest rates to repay its debt, however, terms and the loan size are stil...
- 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...
- ByteDance says it has no immediate plans for public listingByteDance last month hired former Xiaomi executive Shou Zi Chew to a newly-created role as chief finance officer, suggesting the tech compa...
- ByteDance considers listing Douyin in New York or Hong Kong: ReportThe company had also been considering listing some of its Chinese businesses including news aggregator Toutiao in Hong Kong or on Shanghai'...
- ByteDance not in preliminary talks to list TikTok on NYSE: SourceThe Global Times, published by China's ruling Communist Party's official People's Daily newspaper, said earlier on its Twitter account that...
- 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.
- TikTok owner ByteDance in fundraising talks that will value it at $180 bln -sourcesThe company is discussing the round with existing investors including Sequoia Capital and General Atlantic to raise around $2 billion for t...
- Despite app ban, ByteDance doles out cash bonuses to employees in IndiaThe move is in line with a global announcement through an internal memo earlier this month, wherein ByteDance stated it will be issuing a c...
- China would rather see TikTok US close than a forced sale: SourcesByteDance has been in talks to sell TikTok's U.S. business to potential buyers including Microsoft and Oracle since U.S. President Donald T...
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