ByteDance’s China Chief Resigns After CEO Seeks Greater Urgency:
bloomberg.com/news/articles/2024-02-07/douyin-ceo-kelly-zhang-resigns-to-take-up-other-responsibilities
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| Last Updated | Feb 07 |
| Total Articles | 5 |
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China video app Douyin Group CEO resigns to take new role within ByteDance: TikTok owner ByteDance said on Wednesday that Zhang Nan has resigned as the CEO of ...
reuters.com/technology/chinas-bytedance-says-zhang-nan-resigns-douyin-groups-ceo-2024-02-07/
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China video app Douyin Group CEO resigns to take new role within ByteDance: TikTok owner ByteDance said on Wednesday that Zhang Nan has resigned as the CEO of ...
reuters.com/technology/chinas-bytedance-says-zhang-nan-resigns-douyin-groups-ceo-2024-02-07/
ByteDance would shut down TikTok in US rather than sell it, sources say: App’s ‘secret source’ algorithm reportedly core to operations of parent company ...
theguardian.com/technology/2024/apr/25/bytedance-shut-down-tiktok-than-sell
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
TikTok ban: ByteDance would rather shut app down than sell, insiders say: TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell ...
scmp.com/news/world/united-states-canada/article/3260400/tiktok-ban-bytedance-would-rather-shut-app-down-sell-insiders-say
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
TikTok will not be sold, Chinese parent ByteDance tells US: The video sharing app faces being banned in the US unless it severs ties with its China's ByteDance.
bbc.com/news/articles/c289n8m4j19o
Quick Glance: Chinese TikTok App Sale Required for National Security Measures
- A newly enacted law mandates the sale of the Chinese-owned TikTok app to address national security concerns.
- According to experts, China has intensified its online information operations in recent years to advance its broader objectives.
- China has actively sought to leverage TikTok to influence politics in Taiwan, yet these endeavors ultimately proved unsuccessful.
- While TikTok was utilized in these publicly identified Chinese operations, researchers have not observed a specific emphasis on the app compared to other popular platforms.
TikTok says it will fight US ban or forced sale after bill passes: Platform’s future in US in doubt after House approves bill ordering Bytedance to sell stake
theguardian.com/technology/2024/apr/22/tiktok-us-ban-or-forced-sale-bill-bytedance
Quick Glance: San Francisco's Real Estate Market in Turmoil
- The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.
- In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.
- Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'
- San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.
ByteDance Won’t Sell TikTok To Protect Its Secret Algorithm: Report: Sources said that if the company’s legal challenges fail, ByteDance would be willing to call ...
thedailybeast.com/bytedance-wont-sell-tiktok-to-protect-its-secret-algorithm-report
US Senate passes law requiring ByteDance to divest TikTok stateside: Clock starts tick-tocking towards January 2025 deadline to get a deal done – or the app ...
theregister.com/2024/04/24/us_senate_passes_tiktok_sale_act/
The US Senate passed legislation giving TikTok's Chinese owner, ByteDance, about nine months to divest the US assets of the short-video app ...
reut.rs/44fo9Zl
US bans TikTok owner ByteDance, will prohibit app in US unless it is sold: Bill gives ByteDance 270 days to sell TikTok or app loses access to US market.
arstechnica.com/tech-policy/2024/04/biden-signs-bill-to-ban-tiktok-if-chinese-owner-bytedance-doesnt-sell/
Reuters World News: Trump's foreign courters, and other top stories: The US Senate approves a bill to ban TikTok unless it’s sold by its Chinese owner ByteDance.
reut.rs/3Qjjfo7
TikTok Risks Fines as EU Issues Ultimatum Over App Launch: The European Union opened a new probe Monday into whether ByteDance Ltd. violated the bloc’s new ...
bloomberg.com/news/articles/2024-04-22/tiktok-risks-fines-as-eu-issues-ultimatum-over-app-launch
🔊 The US Senate passes a bill to force TikTok's Chinese owner ByteDance to sell it or face a ban. Find out the latest on the Reuters World News podcast
reut.rs/4ddKPNn
US Senate passes bill to force TikTok divestment or ban: The U.S. Senate voted late Tuesday to send legislation to President Joe Biden that would require Chinese ...
reut.rs/3UvbZbd
Quick Glance: Biden signs Comprehensive Military Aid Package for Ukraine, Israel, and Taiwan
- President Biden announces the signing of a substantial $95 billion military assistance package for Ukraine, Israel, and Taiwan, with a significant portion of the funds directed towards Ukraine.
- Despite initial resistance from Republicans in Congress, Biden has signed the aid package, highlighting the reinforcement of allies and ensuring prompt deliveries to Ukraine.
- The assistance for Ukraine includes weapons and military equipment valued at around $1 billion, encompassing artillery shells and air defense missiles.
- Military analysts do not foresee significant changes on the frontlines in eastern Ukraine, while the US support aims to aid Ukraine in operations in southern Ukraine, particularly focusing on Crimea and the Black Sea.
TikTok fortune of billionaire Republican donor Jeff Yass threatened by Washington
ft.com/content/256a45c3-8c78-4448-9dbe-8382c0788457
Exclusive: ByteDance prefers TikTok shutdown in US if legal options fail, sources say
reuters.com/technology/bytedance-prefers-tiktok-shutdown-us-if-legal-options-fail-sources-say-2024-04-25/
TikTok’s Origin Story: Court Files Show Role of GOP Megadonor Jeff Yass: Court records, mistakenly made public, tell a story about the birth of ByteDance ...
nytimes.com/2024/04/18/business/tiktok-bytedance-jeff-yass.html
ByteDance promised to sue if the U.S. bans TikTok. Legal experts weigh in on what it means for users
f-st.co/X191xBh
A Trove of ByteDance Records Mistakenly Went Public. Here’s What They Say.: The records briefly surfaced in a lawsuit involving the Republican megadonor Jeff ...
nyti.ms/3vO6PxL
ByteDance gets 24 hours to show EU a DSA risk assessment for TikTok Lite: TikTok owner ByteDance is facing fresh questions about its compliance with the European ...
techcrunch.com/2024/04/17/byedance-rfi-tiktok-lite/
Breakingviews: TikTok’s fate matters only up to a point for Meta: The countdown clock is starting for TikTok, but Meta Platforms boss Mark Zuckerberg will only ...
reuters.com/legal/transactional/tiktoks-fate-matters-only-up-point-meta-2024-04-24/
US Congress moves ahead on bill to push TikTok's Chinese owner to sell: An effort to force TikTok's Chinese owner, ByteDance, to sell the social media app or ...
reuters.com/world/us/us-congress-moves-ahead-bill-push-tiktoks-chinese-owner-sell-2024-04-18/
House approves bill to possibly ban TikTok in the US within a year: Legislation that could ban TikTok in the US unless it cuts ties with its Chinese parent ...
scmp.com/news/china/article/3259773/house-approves-bill-possibly-ban-tiktok-us-within-year
TikTok ban bill put on faster track through US Congress: Move to bundle divest-or-ban measure with foreign aid could compel Senate to act against Chinese-owned ...
ft.com/content/c980675b-65a4-4f64-ba5a-dd87fef4f39a
Sale or ban as a goal: US law against TikTok picks up speed: The US House of Representatives is following suit: Once again, Democrats and Republicans voted in ...
spiegel.de/netzwelt/apps/tiktok-us-gesetz-gegen-die-video-app-nimmt-fahrt-auf-a-1ad7dfba-1ef0-4b21-b9f5-6d517bf207bb
ByteDance, TikTok shelled out $7 million on lobbying and ads to combat potential U.S. ban
cnbc.com/2024/04/23/bytedance-tiktok-spent-over-7-million-on-lobbying-ad-campaign-.html
TikTok Braces for US Law Requiring Bytedance to Sell — And New Legal Fight: After years of working to assure the US government that its popular social media app ...
bloomberg.com/news/articles/2024-04-22/tiktok-braces-for-us-law-requiring-a-sale-and-fresh-legal-fight
TikTok Divest-or-Ban Bill Moving on Fast Track Through Congress: TikTok is heading to its moment of truth in Washington, with Congress on a fast track to approve ...
bloomberg.com/news/articles/2024-04-17/tiktok-divest-or-ban-bill-moving-on-fast-track-through-congress
TikTok staff face big US tax bills on shares they cannot sell: Current and former employees of video app’s Chinese parent ByteDance in outcry over stock award ...
ft.com/content/18316e7c-accd-41dc-b469-1e8341e721fe
Quick Glance: TikTok Staff Grapple with US Tax Bills on Unsellable Shares
- Current and former Byte Dance employees express outrage over stock award liabilities.
- Byte Dance faces backlash from US employees over a stock awards program that prevents them from selling shares but exposes them to significant tax bills.
- Byte Dance responds to employee complaints, emphasizing compliance with US tax laws, but is not planning a large financing round to buy employee shares.
- Byte Dance's RSUs that vested last year led to substantial tax liabilities as many did not withhold enough shares to cover them, resulting in employees being unable to sell shares to cover their tax debts.
ByteDance extends employee share buyback programme to non-US workers: TikTok’s Chinese owner offers nearly $171 a share as US employees grow concerned about tax ...
ft.com/content/540985a4-6c20-4fac-b38b-52dd59d5f543
TikTok Divest-or-Ban Bill Expected to Become US Law Within Days: The US House on Saturday put legislation forcing TikTok’s Chinese parent ByteDance Ltd ...
bloomberg.com/news/articles/2024-04-20/tiktok-divest-or-ban-bill-expected-to-become-us-law-within-days
Paid articlePaid
ByteDance profit jumps 60%, sources say, taking it past arch-rival Tencent: It marks the first time that ByteDance has overtaken Tencent both in revenue and ...
straitstimes.com/business/companies-markets/bytedance-profit-jumps-60-sources-say-taking-it-past-archrival-tencent
US Senate passes bill that could ban TikTok; President Biden willl sign it Wednesday
neowin.net/news/us-senate-passes-bill-that-could-ban-tiktok-president-biden-willl-sign-it-wednesday/
Senate Republican leader backs legislation to force Chinese divestment of TikTok: U.S. Senate Republican Leader Mitch McConnell on Monday called for legislation ...
reuters.com/world/us/senate-republican-leader-backs-legislation-force-chinese-divestment-tiktok-2024-04-08/
Chinese state media hit out at US over TikTok ‘sell-or-ban’ bill as owner ByteDance remains silent
scmp.com/tech/big-tech/article/3259926/chinese-state-media-hit-out-us-over-tiktok-sell-or-ban-bill-owner-bytedance-remains-silent
TikTok defends itself against forced sales and US ban: "We're not going anywhere!"
heise.de/news/TikTok-wehrt-sich-gegen-US-Auflagen-Wir-gehen-nirgendwo-hin-9697314.html
ByteDance says ‘no plans’ to sell TikTok after US ban law: Chinese tech giant ByteDance has said it has no plans to sell TikTok after a new US law put it on a ...
english.alarabiya.net/business/2024/04/26/bytedance-says-no-plans-to-sell-tiktok-after-us-ban-law
Modified House bill would give TikTok a year to separate from Chinese owner: The Senate hasn't voted on the bill that could essentially ban TikTok in the U ...
pennlive.com/politics/2024/04/modified-house-bill-would-give-tiktok-a-year-to-separate-from-chinese-owner.html
US sell-or-ban law against TikTok stirs unease in China as Beijing, social media giant ByteDance stay mum on next moves
scmp.com/tech/tech-war/article/3260345/us-sell-or-ban-law-against-tiktok-stirs-unease-china-beijing-social-media-giant-bytedance-stay-mum
Vinod Khosla and Palantir's Jacob Helberg call on Senate to ban TikTok: It's 'a weapon of war'
cnbc.com/2024/04/11/tiktok-ban-vinod-khosla-calls-on-senate-to-pass-bill.html
Despite Recent Bill to Ban TikTok, Biden's Campaign Will Keep Using It: There are still concerns the platform is a security risk and a new law aimed at forcing ...
inc.com/associated-press/despite-recent-bill-to-ban-tiktok-bidens-campaign-will-keep-using-it.html
House Passes Bill That Could Lead To TikTok Ban In The U.S.: The measure, which has bipartisan Senate support, gives TikTok's Chinese parent company one year to ...
huffpost.com/entry/tiktok-china-company-divestment-house-bill_n_662316bae4b08151cac9fb5f
ByteDance Says It Won’t Sell U.S. TikTok Business: Beijing-based ByteDance said in a post on Toutiao, a media platform it owns, that foreign-media reports that ...
wsj.com/tech/bytedance-says-it-wont-sell-u-s-tiktok-business-61f43079
Potential TikTok Ban Concerns Digital Entrepreneurs: Creators are expressing their concerns if the federal government goes forward with a plan that could ban ...
smallbiztrends.com/potential-tiktok-ban-concerns-digital-entrepreneurs/
TikTok Faces Potential U.S. Ban As Joe Biden Signs National Security Bill; CEO Vows Court Fight And Says “Facts And The Constitution Are On Our Side”
deadline.com/2024/04/tiktok-ban-house-of-representatives-1235890875/
ByteDance 'will shut TikTok rather than sell it': TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company ...
theglobeandmail.com/world/video-bytedance-will-shut-tiktok-rather-than-sell-it/
EU with further proceedings against TikTok: violations of the DSA?: The EU Commission has initiated proceedings against ByteDance's TikTok platform for possible ...
az-online.de/welt/eu-mit-weiterem-verfahren-gegen-tiktok-verstoesse-gegen-den-dsa-zr-93027828.html
TikTok Ban Legislation Passed by US Senate Supermajority: The bill now goes to President Joe Biden, who has already promised to sign it
thewrap.com/tiktok-ban-legislation-passed-by-us-senate-supermajority/
Cutting the Data Spigot Overseas Goes Beyond TikTok: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today ...
bloomberg.com/news/newsletters/2024-04-22/cutting-the-data-spigot-overseas-goes-beyond-tiktok
Some Badly Needed Clarifications About That “TikTok Ban” Biden Signed: There’s a lot of confusion about this. Here’s what’s really going on.
slate.com/news-and-politics/2024/04/tiktok-ban-china-biden-ukraine-aid-package.html
Claims of TikTok whistleblower may not add up: He only worked there 6 months and many of his allegations are improbable at best.
wired.com/story/tiktok-whistleblower-got-dcs-attention-do-his-claims-add-up/
Why is US threatening to ban TikTok and will other countries follow suit?: Joe Biden signs into law bill requiring Chinese owner to sell app’s US operations
theguardian.com/technology/2024/apr/24/why-is-us-threatening-to-ban-tiktok-and-could-other-countries-follow-suit
Bob Casey voted to ban TikTok. How will that play in the Pa. Senate race?: Sen. Bob Casey voted for legislation that will require TikTok to be sold or face a ban ...
inquirer.com/politics/election/bob-casey-tiktok-bill-bytedance-20240424.html
TikTok Halts ‘Lite’ Rewards Program Ahead of EU Suspension Threat: ByteDance Ltd.’s TikTok said it halted the controversial rewards program on its Lite app ...
bloomberg.com/news/articles/2024-04-24/tiktok-halts-lite-rewards-program-fending-off-eu-suspension
Senate Passes Bill That Could Ban TikTok, Biden Expected to Sign: The Senate voted Tuesday to pass a bill that would either ban TikTok from app stores or force ...
rollingstone.com/politics/politics-news/senate-passes-tiktok-ban-bill-biden-1235009427/
US Congress Set to Vote Again on Bill that Would Force TikTok to Divest or Face Ban
techtimes.com/articles/303781/20240419/us-congress-set-vote-again-bill-force-tiktok-divest-ban.htm
House passes bill to force TikTok sale, threatens U.S. ban: TikTok could soon be banned in the U.S. if parent company ByteDance doesn't sell the platform ...
nydailynews.com/2024/04/20/tiktok-ban-vote-bill-house-passes/
Countdown: The Bloomberg Close, Asia Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-04-18/countdown-the-bloomberg-close-asia-edition
Paid articlePaid U.S.-China Internet War Intensifies as House Passes TikTok Ban: The measure, which would require ByteDance to sell the popular app or stop operating in the U.S. ...
wsj.com/tech/u-s-china-internet-war-intensifies-as-house-passes-tiktok-ban-7d19ff05
TikTok Is One Step Closer to Being Sold By Bytedance After House Vote : The proposed sale was bundled into a bill about national security measures giving it ...
thedailybeast.com/tiktok-is-one-step-closer-to-being-sold-by-bytedance-after-house-vote
Paid articlePaid
Ex-TikTok worker says platform used fake boss to hide China ties: A former TikTok employee told Fortune he was managed by a ByteDance executive in Beijing and ...
businessinsider.com/former-tiktok-employee-fake-boss-to-hide-ties-chinese-owner-2024-4
Snap Shares Rally. There’s a New Push to Force ByteDance to Sell TikTok.: House Speaker Mike Johnson indicated he will package a group of bills for a vote this ...
barrons.com/articles/tiktok-ban-update-house-vote-4010d24b
Paid articlePaid Former TikTok Employees Expose Social Media Platform's Alleged Ties to China and Data Sharing
techtimes.com/articles/303595/20240415/former-tiktok-employees-expose-social-media-platforms-alleged-ties-china.htm
TikTok is coming for Instagram as ByteDance prepares to launch new photo app, TikTok Notes
usatoday.com/story/tech/2024/04/12/tiktok-notes-release-date-instagram/73304518007/
TikTok's parent company, ByteDance, is raking in cash: TikTok owner ByteDance, a Chinese company, grew its revenue by 60% in 2023, despite the threat of a TikTok ...
businessinsider.com/tiktok-bytedance-revenue-tiktok-shop-e-commerce-2024-4
Paid articlePaid Election 2024: TikTok Investor Jeff Yass Gives $8M to Republican Super PAC: Jeff Yass, the Republican political donor who holds a 15% stake in TikTok parent ...
bloomberg.com/news/articles/2024-04-10/billionaire-jeff-yass-earmarks-8-million-more-for-2024-election
Paid articlePaid
Platforms pledge to protect kids: KUALA LUMPUR: Social media platform providers Meta (Facebook and Instagram) and ByteDance (TikTok) have pledged to ensure ...
thestar.com.my/news/nation/2024/04/09/platforms-pledge-to-protect-kids
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