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BYTEDANCE INC.
TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest personZhang’s net worth climbed to $92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index...- Social media companies pay $27 million to settle Kentucky school district's lawsuit over social media harms, records showMeta settled the case brought by Breathitt County School District on May 21, a few weeks before a planned June trial, following earlier set...
- Thailand's SiamAI denies exporting US AI servers to ChinaBangkok-based SiamAI has denied allegations of exporting AI servers to China, stating full compliance with US export control laws. The comp...
- 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...
- Apple’s Tim Cook takes on crucial new role: Global ambassadorTim Cook steps into a new role as executive chairman, dedicating more time to global diplomacy for Apple. He will engage policymakers world...
- 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...
- Meta pulls ads aimed at recruiting plaintiffs for social media addiction lawsuitsAt the end of March, a Los Angeles jury found Meta and Alphabet's Google liable for a young woman's depression and suicidal thoughts afte...
- ByteDance agrees to sell Moonton to Savvy Games for $6 billionByteDance has agreed to sell Moonton to Savvy Games Group for about $6 billion, shifting its focus to generative AI. The Beijing company wi...
- TikTok plans big push into gaming, conducting tests in VietnamFeaturing games on its platform would boost advertising revenue as well as the amount of time users spend on the app - one of the world's m...
- 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...
- TikTok to roll out option to create longer videos of up to three minutesTikTok, owned by China's Bytedance Inc., will over the next few weeks introduce an option to let users on its platform create videos of up ...
- ByteDance founder Zhang Yiming to step down as CEOZhang Yiming's decision to step down as ByteDance CEO comes less than a month after the Chinese technology giant named its CFO Shouzi Chew ...
- 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.
- US grants ByteDance new seven-day extension of TikTok sale orderThe administration previously had granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. Presi...
- How a marked-up term sheet and messy rollout threw TikTok deal into disarrayWhat appeared as a coup clinched by Mnuchin, a former Goldman Sachs Group Inc investment banker, did not hold. ByteDance would subsequently...
- 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.
- India's startup scene isn't as sexy as China's, but it's growingIndia’s startup scene is relatively new compared with China’s, and its economy is much smaller despite their populations being of similar s...
- TikTok ramps up recruiting from big tech with Facebook exec hireBytedance has already hired several executives from YouTube, including Vanessa Pappas, a seven-year veteran of the Google video service.
- Move Over, Uber: This little known media company is now the world’s most valuable startupSix-year-old Bytedance has surpassed Uber Technologies Inc. to become the world’s most valuable startup.
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