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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: 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.
China warns US of rising ‘negative factors’ in bilateral ties: World is watching to see if rivalry will ‘break out into conflict’, foreign minister Wang Yi tells ...
ft.com/content/246c9e16-1dc9-432d-990c-11660f9c7d56
Blinken meets Chinese counterpart Wang Yi in Beijing: U.S. Secretary of State Antony Blinken met Chinese Foreign Minister Wang Yi in Beijing on Friday for talks ...
reut.rs/3UwLL8r
Quick Glance: China warns US to Choose Cooperation or Confrontation with Antony Blinken
- Blinken expected to demand Beijing cease support for Russia
- Tensions rise over accusations of China aiding Russia in Ukraine
- US accused of hindering Chinese industrial growth through export controls
- US and China seek to stabilize relations before US election campaign
Wang Yi tells Antony Blinken not to step on China's red lines: US Secretary of State Antony Blinken is in China in an attempt to put relations on an even keel.
bbc.com/news/articles/c2547ll8z0ro
Chinese Bond Funds Are Limiting Inflows Amid Buying Frenzy: A growing number of fixed-income funds in China is setting limits on investor inflows ...
bloomberg.com/news/articles/2024-04-26/china-funds-step-up-efforts-to-cool-bond-buying-as-yields-slide
Chinese Stocks Draw Record $3 Billion Influx by Global Funds: Sentiment has clearly turned for the better toward Chinese equities with overseas investors ...
bloomberg.com/news/articles/2024-04-26/chinese-stocks-draw-record-3-billion-influx-by-global-funds
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Insight: Why BYD's EV exports sell for twice the China price: U.S. and European politicians have raised alarms that their domestic auto industries could be ...
reuters.com/business/autos-transportation/why-byds-ev-exports-sell-twice-china-price-2024-04-26/
WADA to launch independent review into Chinese doping case: The under-fire World Anti-Doping Agency (WADA) said on Thursday it would launch an independent review ...
reut.rs/3WbJ6SQ
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
AfD leader Chrupalla justifies actions in Russia on “Maybritt Illner” and China affair
rp-online.de/politik/deutschland/afd-chef-chrupalla-rechtfertigt-bei-maybritt-illner-agieren-in-russland-und-china-affaere_aid-111394343
Quick Glance: Clash over AfD's Corruption Allegations
- Despite corruption allegations, the AfD stands by its EU lead candidates, sparking a heated debate on 'Maybrit Illner.'
- Concerns arise over potential bribery involving Krah and Bystron, despite no legal guilt being proven.
- Internal distancing within the AfD and criticism of a lack of transparency regarding the candidates ensue.
- The discussion concludes with the possibility of the AfD's list changes for the European elections being invalidated.
Maximilian Krah: Public Prosecutor General's Office initiates preliminary investigations
t-online.de/nachrichten/deutschland/innenpolitik/id_100393116/maximilian-krah-generalstaatsanwaltschaft-leitet-vorermittlungen-ein.html
Quick Glance: Investigation of Possible Payments from China and Russia to Maximilian Krah
- The General Prosecutor's Office in Dresden has officially initiated investigations against Maximilian Krah due to potential financial flows from Russian and Chinese sources.
- The AfD lead candidate for the European Parliament elections, Maximilian Krah, is the subject of two preliminary investigations at the General Prosecutor's Office in Dresden.
- Towards the end of last year, Krah was questioned by the FBI about possible payments from Kremlin-related sources, allegedly carrying a four-digit sum of money at that time.
- On Monday evening, German authorities arrested Jian G., a close associate of Krah, who is suspected of spying for the Chinese intelligence service in Germany.
Toyota teams up with Tencent for drive into China's EV market: BEIJING -- Toyota Motor said on Thursday that it is forming a strategic alliance with Chinese ...
asia.nikkei.com/Business/Business-deals/Toyota-teams-up-with-Tencent-for-drive-into-China-s-EV-market
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Quick Glance: Toyota and Tencent Collaborate for Entry into China's EV Market
- Toyota announces strategic alliance with Tencent to develop artificial intelligence, cloud computing, and big data for electric vehicles in China.
- Japanese automaker Toyota has been facing challenges in the Chinese market due to aggressive pricing and marketing by local competitors.
- Collaboration with Tencent focuses on developing in-car software crucial for next-generation vehicles.
- Demand for electric vehicles in China is rapidly growing, and Toyota aims to accelerate in this sector.
Huawei's smart car tech offers automakers route to China sales: It's taken Huawei just four years to become a force in smart car technology ...
reuters.com/business/autos-transportation/huaweis-smart-car-tech-offers-automakers-route-china-sales-2024-04-26/
Everything You Need to Know About the TikTok Ban: Your Questions Answered: President Biden signed a foreign aid bill that includes a ban on TikTok in the US ...
pcmag.com/news/everything-you-need-to-know-about-the-tiktok-ban-your-questions-answered
Choose between stability and ‘downward spiral’ China tells Blinken during Beijing trip
cnn.com/2024/04/25/world/stability-spiral-china-blinken-intl-hnk/
RIP, SSF: Unpacking the PLA’s Latest Restructuring: The Strategic Support Force is no more, and its functions are being separated into three separate arms: the ...
thediplomat.com/2024/04/rip-ssf-unpacking-the-plas-latest-restructuring/
Inside the China-US Competition for AI Experts: Who’s winning the fight for top-tier AI talent?
bloomberg.com/news/articles/2024-04-25/inside-the-china-us-competition-for-ai-experts
Chinese cognac sales drive Remy Cointreau to Q4 sales beat: Remy Cointreau reported a far smaller-than-expected fall in fourth-quarter sales on Friday ...
reuters.com/business/retail-consumer/remy-cointreau-reports-better-than-expected-q4-sales-2024-04-26/
Reuters World News: Blinken in China, Trump immunity, Haiti violence and Russian censors
reut.rs/3vZMHJ7
How Volvo landed a cheap Chinese EV on U.S. shores in a trade war : A made-in-China electric vehicle will hit U.S. dealers this summer offering power and ...
nbcnews.com/business/autos/volvo-landed-cheap-chinese-ev-us-shores-trade-war-rcna149349
Espionage affair: AfD threatens electoral convulsions: The AfD has been in the crossfire for weeks. Suspected connections to pro-Russian networks ...
fr.de/politik/spionage-affaere-afd-droht-wahlkrampf-zr-93033963.html
Agency bars Chinese telecom carriers from offering US broadband services: The Federal Communications Commission said on Thursday it is ordering the U.S ...
reuters.com/business/media-telecom/agency-bars-chinese-telecom-carriers-offering-us-broadband-services-2024-04-25/
US Says China Moving Too Slowly on Protecting Intellectual Property: The Biden administration called on China to improve its protections of intellectual property ...
bloomberg.com/news/articles/2024-04-25/us-says-china-moving-too-slowly-on-protecting-intellectual-property
Nothing off the table in US response to China overcapacity, Yellen says: The Biden administration is not taking any options off the table to respond to China's ...
reuters.com/world/nothing-off-table-us-response-china-overcapacity-yellen-says-2024-04-25/
Nidec faces market pressure as founder rips 'unfair' China EV war: TOKYO -- Cutthroat competition in China's electric vehicle sector has cast a shadow over ...
asia.nikkei.com/Business/Markets/Nidec-faces-market-pressure-as-founder-rips-unfair-China-EV-war
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Von Notz in the Bundestag: "AfD is a shame for our country": Fierce exchange of blows in the Bundestag: The Greens are attacking the AfD head-on because of ...
zdf.de/nachrichten/politik/deutschland/afd-russland-china-spionage-bundestag-100.html
Quick Glance: AfD and Espionage: Intense Debate in Bundestag
- The Greens criticize the AfD for contacts with Russia and China.
- Von Notz calls the AfD a disgrace and anti-democratic.
- Faeser warns of espionage and criticizes the AfD objectively.
- Employee of AfD's lead candidate Krah arrested for espionage.
West must prevent becoming as dependent on China as it was on Russia – Stoltenberg
pravda.com.ua/eng/news/2024/04/26/7453061/
China summons German ambassador after spying arrests: The German ambassador to China was summoned by Beijing on Thursday in response to several arrests in ...
reuters.com/world/europe/china-summons-german-ambassador-after-spying-arrests-2024-04-25/
China warns Blinken over deteriorating ties in talks: China on Friday urged US Secretary of State Antony Blinken to address rising disagreements or risk a ...
english.alarabiya.net/News/world/2024/04/26/china-warns-blinken-over-deteriorating-ties-in-talks
Huawei-led Chinese firms aim to make advanced memory chips by 2026, The Information reports
reut.rs/3UhTead
Beijing auto show welcomes world as China's carmakers aim to conquer it: HONG KONG -- Beijing's premier automobile exhibition is back after a four-year ...
asia.nikkei.com/Business/Automobiles/Beijing-auto-show-welcomes-world-as-China-s-carmakers-aim-to-conquer-it
Apple moves closer to China despite supply chain shifts: TAIPEI -- Apple is deepening its ties with China even as it further expands production in Southeast Asia ...
asia.nikkei.com/Business/Business-Spotlight/Apple-moves-closer-to-China-despite-supply-chain-shifts
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Quick Glance: Apple deepens ties with China amidst supply chain shifts
- Apple is increasing the number of China-based suppliers and Chinese manufacturing sites while decreasing the number of suppliers from Taiwan, the U.S., Japan, and South Korea.
- The company is navigating a balancing act between politics and business by expanding its production in Southeast Asia and India.
- This trend is evident in Apple's latest official supplier list, highlighting China's growing importance.
Espionage affair: China rejects accusations from Germany as pure invention: Beijing doesn't want to let the espionage accusations slide and is stepping up the ...
spiegel.de/ausland/spionageaffaere-china-weist-anschuldigungen-aus-deutschland-als-reine-erfindung-zurueck-a-82b6d00f-a566-4a24-ade0-3627cd081615
Chinese military officials met US and Russian naval officials this week: Senior Chinese military officials held separate meetings with U.S. and Russian naval ...
reuters.com/world/china/chinese-military-officials-met-us-russian-naval-officials-this-week-2024-04-25/
Reuters World News: Blinken in China, Trump immunity, Haiti violence and Russian censors
reuters.com/podcasts/podcast-blinken-china-trump-immunity-haiti-violence-russian-censors-2024-04-25/
Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
reut.rs/3xPcmEO
Chinese EV battery maker CATL unveils LFP battery with 1,000 km range: Chinese electric vehicle (EV) battery maker CATL on Thursday unveiled a lithium iron ...
reuters.com/business/autos-transportation/chinese-ev-battery-maker-catl-unveils-lfp-battery-with-1000-km-range-2024-04-25/
US jails Chinese student for threatening pro-democracy schoolmate: He threatened to "chop off" the hands of a Chinese student who put up pro-democracy fliers on ...
bbc.com/news/articles/cp3gz61011ko
Cardboard coffins gaining ground among the eco-conscious: Unity Casket, the first parlour here to launch paper coffins, says it gets up to five orders for this a ...
straitstimes.com/singapore/cardboard-coffins-gaining-ground-among-the-eco-conscious
New ASML boss Fouquet must navigate US/China chip war: ASML's new boss Christophe Fouquet faces a tricky balancing act in helping to steer Europe's biggest tech ...
reuters.com/technology/new-asml-boss-fouquet-must-navigate-uschina-chip-war-2024-04-25/
12 Chinese carmakers form ‘supercharge alliance’: EV race to go on overdrive?: BYD, BAIC, GAC, Xpeng, Chery, JAC, Great Wall, Li Auto announce deal to unite on ...
gulfnews.com/auto/news/12-chinese-carmakers-form-supercharge-alliance-ev-race-to-go-on-overdrive-1.1714064061436
Reuters World News: Blinken in China, Trump immunity, Haiti violence and Russian censors
reut.rs/3vZMHJ7
Bristol Myers Squibb drafts contingency plans for US restrictions on Chinese pharma
ft.com/content/f3b5f2e5-1abc-4848-8ff2-66891d5f5984
Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
reuters.com/business/autos-transportation/xiaomi-locks-over-75000-orders-su7-car-targets-over-10000-deliveries-june-2024-04-25/
How does China feed its population? | NZZ: For Xi Jinping, food security is a top priority. However, China's dependence on food imports is growing - a risk in ...
nzz.ch/international/wie-ernaehrt-china-seine-bevoelkerung-nzz-ld.1827429
A Megaraptor Emerges From Footprint Fossils, Study Suggests: A series of foot tracks in southeastern China points to the discovery of a giant velociraptor ...
nytimes.com/2024/04/24/science/velociraptor-fossil-china.html
Handbags and China demand boost sales at Hermes: Maker of Birkin bags beats expectations with strong demand for leather goods and jewellery as it defies luxury ...
cnaluxury.channelnewsasia.com/obsessions/handbags-and-china-demand-boost-sales-hermes-244561
Myanmar warlord at centre of battle for key border town: Armed soldiers loyal to a turncoat warlord patrol the streets of southeastern Myanmar's frontier town of ...
reuters.com/world/asia-pacific/myanmar-warlord-centre-battle-key-border-town-2024-04-25/
Chinese fast-fashion app Shein will face tougher EU tech rules: Europe tightens scrutiny of China-based tech companies.
politico.eu/article/chinese-fast-fashion-app-shein-will-face-tougher-eu-tech-rules/
Space travel: Three astronauts launched to the Chinese space station “Tiangong”: The spacecraft “Shenzhou 18” took off from the Gobi Desert late Thursday evening ...
spiegel.de/wissenschaft/weltall/chinesische-raumfahrt-drei-astronauten-zu-weltraumstation-tiangong-gestartet-a-f48998b6-b65a-4075-b1be-b3280fdf5292
BYD unveils third ultra-luxury model under Yangwang brand: Chinese electric vehicle maker BYD unveiled the U7, its third ultra-luxury model under the Yangwang ...
reuters.com/business/autos-transportation/byd-unveils-third-ultra-luxury-model-under-yangwang-brand-2024-04-25/
‘The West should be ashamed’: Ai Weiwei on art, politics and human rights: “An artist that isn’t an activist is a dead artist.” He’s viewed as one of today’s ...
middleeasteye.net/video/west-should-be-ashamed-ai-weiwei-art-politics-and-human-rights
China vs. USA: TikTok controversy could strengthen democracy: China's stance on TikTok could inadvertently promote digital ethics and pave the way for stricter ...
t-online.de/digital/kolumne-nicole-diekmann/id_100392090/china-vs-usa-tiktok-kontroverse-koennte-demokratie-staerken.html
Mercedes-Benz to launch luxury electric van for Chinese market: Mercedes-Benz is planning to launch a luxury electric van for the Chinese market based on its VAN ...
reuters.com/business/autos-transportation/mercedes-benz-launch-luxury-electric-van-chinese-market-2024-04-25/
Nissan, Mazda roll out new models for China as they aim for comeback: Nissan Motor and Mazda Motor unveiled new cars tailored for Chinese drivers on Thursday ...
reuters.com/business/autos-transportation/nissan-unveils-four-concept-cars-fuel-china-comeback-2024-04-25/
Huawei’s new Pura 70 series smartphone poses a threat to iPhone sales in China, say analysts
scmp.com/tech/big-tech/article/3259655/huaweis-new-pura-70-series-smartphone-poses-threat-iphone-sales-china-say-analysts
Chinese Metal Tycoon’s Heir Buys $62 Million Singapore Mansion: The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore ...
bloomberg.com/news/articles/2024-04-24/chinese-metal-tycoon-s-heir-buys-62-million-singapore-mansion
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Chinese student gets US prison term for threatening pro-democracy activist: A Chinese music student was sentenced on Wednesday to nine months in a U.S ...
reuters.com/world/chinese-student-gets-us-prison-term-threatening-pro-democracy-activist-2024-04-24/
Israel-Gaza war: Chinese satellites detail scale of destruction in besieged Palestinian territory
scmp.com/news/china/science/article/3260476/how-much-gaza-has-been-destroyed-war-chinese-satellites-detail-damage
Blinken China visit: US Secy of State Blinken meets Chinese counterpart Wang Yi: US Secretary of State Antony Blinken met Chinese foreign minister Wang Yi in ...
wionews.com/videos/blinken-china-visit-us-secy-of-state-blinken-meets-chinese-counterpart-wang-yi-715148
Beijing Xinzhida Neurotechnology, a Chinese state-backed company, unveiled a brain chip similar to the technology developed by Elon Musk's startup Neuralink
reut.rs/4aPv2Tk
German spy agency warns companies against being too "naive" on China: Germany's domestic spy agency told companies on Wednesday they should be on guard against ...
reuters.com/world/europe/german-spy-agency-warns-companies-against-being-too-naive-china-2024-04-24/
Micron secures $13bn in US support to expand chipmaking capacity: Idaho-based memory chipmaker is latest beneficiary of funding from 2022 Chips Act
ft.com/content/084c5cce-3734-4c28-8cab-ee1ecaa7e402
Probe of PwC's Evergrande conduct casts shadow on Big Four auditors: HONG KONG -- Growing scrutiny of PwC's audit work on bankrupt developer China ...
asia.nikkei.com/Business/Markets/China-debt-crunch/Probe-of-PwC-s-Evergrande-conduct-casts-shadow-on-Big-Four-auditors
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Deterring China one big reason US aiding Ukraine: The Senate overwhelmingly approved a US$95.3 billion foreign aid funding package for Ukraine ...
asiatimes.com/2024/04/deterring-china-one-big-reason-us-aiding-ukraine/
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.
🔊 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
Britain, Australia call for WADA review amid China furore: The anti-doping authorities of Britain and Australia have called for a review of WADA's processes ...
reut.rs/4bc6Gmy
Adorable Twin Pandas Suddenly Hulk Out on Zookeeper: Identified as Yuke and Yu’ai, the pandas can be seen in a video of the incident charging at a zookeeper at ...
thedailybeast.com/adorable-twin-pandas-suddenly-hulk-out-on-zookeeper
German spycatchers raise game against China and Russia: Recent arrests only ‘tip of the iceberg’, with hundreds more operatives believed to be ‘up to mischief’ ...
ft.com/content/4ec876e4-95d8-4590-9776-5788f43710f7
Daughter of Chinese tycoon snaps up $84 million GCB in Bin Tong Park: A Good Class Bungalow (GCB) has exchanged hands once more - this time, it's to the ...
asiaone.com/money/daughter-chinese-tycoon-snaps-84-million-gcb-bin-tong-park
China harbors ship linked to North Korea-Russia arms transfers, satellite images show
english.alarabiya.net/News/world/2024/04/25/china-harbors-ship-linked-to-north-korea-russia-arms-transfers-satellite-images-show
Ad group WPP trails rivals with decline in organic revenue: Britain's WPP became a clear laggard among global ad companies with a drop in organic revenue drop in ...
reuters.com/business/media-telecom/ad-group-wpp-reports-16-drop-first-quarter-organic-growth-2024-04-25/
Huber on ntv Frühstart: "The AfD is a danger for Germany": The top candidate is no longer acceptable, the AfD is a danger to Germany: clear words from CSU ...
n-tv.de/politik/Die-AfD-ist-eine-Gefahr-fuer-Deutschland-article24896930.html
Toyota partners with Tencent to appeal to young Chinese drivers: Toyota Motor on Thursday said it will partner Chinese gaming and social media leader Tencent in ...
reuters.com/markets/asia/toyota-says-partner-with-tencent-china-2024-04-25/
What it’s really like to live in Macao: While the rest of the world may associate Macao with gambling, its citizens don’t necessarily feel the same way.
cnn.com/travel/what-its-really-like-to-live-in-macao-intl-hnk/
Classic British candy faces uncertainty due to Chinese imports: Rock, a candy made in stick shapes, has been synonymous with the British seaside for over a ...
cnn.com/travel/uk-rock-candy-cheap-imports/
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