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 ...
12 May, 2026, 03.21 PM IST
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...
28 Apr, 2026, 11.09 PM IST
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...
20 Apr, 2026, 04.41 PM IST
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...
11 Feb, 2026, 10.19 AM IST
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 ...
12 Jul, 2023, 12.55 AM IST
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...
18 Jun, 2022, 06.08 PM IST
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...
25 Apr, 2022, 06.16 PM IST
ByteDance to reorganize, CFO steps down to focus on TikTokThe move comes after ByteDance shelved its plan to go public in April and said it had no imminent plans for an initial public offering. It ...
02 Nov, 2021, 10.23 AM IST
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...
08 Sep, 2021, 01.47 PM IST
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...
09 Aug, 2021, 10.57 AM IST
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...
23 Apr, 2021, 09.38 PM IST
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'...
31 Mar, 2021, 05.46 PM IST
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...
17 Feb, 2021, 09.25 AM IST
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.
27 Jan, 2021, 12.17 PM IST
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...
05 Nov, 2020, 09.09 PM IST
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...
25 Sep, 2020, 05.39 PM IST
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...
11 Sep, 2020, 10.54 PM IST