Tag: douyin
China court accepts ByteDance case filing against Tencent over alleged monopoly
ByteDance is bringing its battle with archrival Tencent to the court at a time when the Chinese government moves to curve the power of the country’s internet behemoths. The Beijing Intellectual Property Court has permitted a ByteDance lawsuit brought against Tencent to proceed, a ByteDance spokesperson confirmed with TechCrunch. Upstart…
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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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Microsoft reportedly considers buying all of TikTok
Microsoft’s hoped-for TikTok deal could see it acquire much more than operations in the US and a few other countries. Financial Times sources claim Microsoft is pursuing plans to acquire all of TikTok’s worldwide business. ByteDance would still own T… Source
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