Tag: bytedance
TikTok claims it’s being ghosted by the Trump administration
After months of breathless drama, the Trump administration’s war with TikTok has reached a stand still. Or, to be more accurate, the Trump team has ghosted the Chinese social network, effectively going silent over the past few weeks, CNBC reports. An… Source
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ByteDance asks federal appeals court to vacate U.S. order forcing it to sell TikTok
In a new filing, TikTok’s parent company ByteDance asked the federal appeals court to vacate the United States government order forcing it to sell the app’s American operations. President Donald Trump issued an order in August requiring ByteDance to sell TikTok’s U.S. business by November 12, unless it was granted…
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China’s cash-burning video sector: how Kuaishou lost $1B in 6 months
Rumors have been floating for months that ByteDance is going public with TikTok and Douyin separately. Just last night, Bloomberg reported that ByteDance is seeking a pre-IPO round of $2 billion at a staggering valuation of $180 billion. Before any of that materializes, ByteDance Chinese rival Kuaishou has moved ahead…
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ByteDance to pump $170 million into e-book reader Zhangyue
While short videos are what drive ByteDance’s revenues and give the Chinese startup international recognition, the firm is expanding into numerous new areas like other tech giants to fuel growth. It’s dabbled in enterprise software and online learning, and the news came this week that ByteDance will invest in one…
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Trump approves TikTok deal with Oracle and Walmart ‘in concept’
TikTok appears to have avoided a US ban at the last minute… probably. President Trump has agreed to a deal “in concept” (via CNBC) that theoretically allays US security issues while letting it operate in the country. True to earlier discussions, Or… Source
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What we know about Trump’s ‘ban’ on TikTok and WeChat
When the Department of Commerce said Friday that it would soon bar all new downloads of WeChat and TikTok from US App Stores, it marked the latest escalation in the weeks-long saga over TikTok’s future in America. The drama has been playing out since… Source
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