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Baidu's AI chip unit Kunlunxin targets $50 billion Hong Kong IPO: ReportInvestors have been asked to buy chips with a value three to seven times the worth of their planned subscription in Kunlunxin's initial p...- 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...
- Nvidia begins Vera CPU sales pitch to Chinese clients, sources sayThe outreach underscores how the world's most valuable company is quickly pivoting to the new product to revive its rapidly declining fortu...
- Qualcomm strikes AI chip deal with TikTok owner ByteDance: Bloomberg NewsAmerican chipmaker Qualcomm has struck an AI chip deal with TikTok owner ByteDance, according to a Bloomberg News report
- 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, ...
- Tencent revenue and profit miss on higher AI investmentTencent Holdings announced first-quarter results below market expectations. Revenue and net profit missed forecasts. Gaming revenue saw gro...
- US nears $400 million settlement with TikTok on child-privacy violations: ABC NewsUS government is close to a $400 million deal with TikTok. This settlement addresses claims of child privacy breaches. The funds are report...
- DeepSeek could be valued at up to $50 billion in first fundraising: SourcesChinese AI firm DeepSeek is seeking a massive valuation of up to fifty billion dollars in its first funding drive. The company aims to rais...
- China to curb US investment in tech companies: ReportChina is set to block top tech firms, including AI startups, from taking US money without official clearance. Regulators have told companie...
- China to curb US investment in tech companies: ReportChinese regulators, including the National Development and Reform Commission, have recently instructed several private technology firms t...
- ByteDance valued at $550 billion in proposed share sale by General AtlanticGeneral Atlantic, which first invested in ByteDance in 2017 when the company was valued at about $20 billion, started the process to sell s...
- HSG's continuation fund to value ByteDance at up to $370 billion: ReportHSG, formerly Sequoia Capital China, is reportedly launching a new fund. This fund is expected to buy some of its shares in TikTok's parent...
- TikTok parent ByteDance's valuation hits $300 billion, sources sayAfter proposing a share buyback program at $180.70 per share, ByteDance, parent company of TikTok has been valuing itself at $300 billion, ...
- 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. ...
- China video app Douyin Group CEO resigns to take new role within ByteDanceZhang Nan, who also uses the English first name Kelly, posted on her personal social media account on WeChat that she was resigning from th...
- 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 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 ...
- 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 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'...
- 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.
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