Fresh doubts over TikTok deal as ByteDance says it will retain majority ownership
4 years, 3 months ago

Fresh doubts over TikTok deal as ByteDance says it will retain majority ownership

The Telegraph  

Doubts have been cast over the latest TikTok deal after its Chinese owner insisted it will maintain majority control, and Chinese state media claimed that the government will not approve its sale. Hu Xijin, editor in chief of the Global Times, a state-run Chinese newspaper, said on Monday that Beijing would not approve an agreement between ByteDance,TikTok’s parent company, and Oracle and Walmart because the agreement “would endanger China's national security, interests and dignity.” ByteDance said on Chinese social media that the newly-formed TikTok Global would be a “100pc” subsidiary, an apparent contradiction to statements made by Oracle and President Donald Trump, who told Fox News that “ will have nothing to do with it, and if they do we just won't make a deal”. However around 40pc of Bytedance's ownership is private American financiers, which effectively means TikTok Global will be majority owned by the US. “Upon creation of TikTok Global, Oracle/Walmart will make their investment and the TikTok Global shares will be distributed to their owners, Americans will be the majority and ByteDance will have no ownership in TikTok Global.” Ken Glueck, executive vice president said on Monday.

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History of this topic

Apple and Google must prepare to remove TikTok from app stores by Jan. 19, lawmakers warn
1 week, 4 days ago

Apple and Google must prepare to remove TikTok from app stores by Jan. 19, lawmakers warn

CNN  

Reuters — Google-parent Alphabet and Apple must be ready to remove TikTok from their U.S. app stores on January 19, two US lawmakers said in a letter to the companies’ CEOs Friday. Separately, Moolenaar and Krishnamoorthi also urged TikTok CEO Shou Zi Chew to sell the app: “Congress has acted decisively to defend the national security of the United States …

TikTok files challenge against Canadian government order to dissolve its business in the country
1 week, 5 days ago

TikTok files challenge against Canadian government order to dissolve its business in the country

Associated Press  

TikTok has challenged a Canadian government order to shut down the Chinese video-sharing app’s business operations in the country that was imposed over national security concerns. The Canadian federal government last month announced it was ordering the dissolution of TikTok Technology Canada Inc. after a national security review of its Chinese parent company ByteDance Ltd. TikTok argues in its court …

TikTok facing US ban after losing appeal agains Biden govt's law requiring ByteDance divestment
2 weeks, 3 days ago

TikTok facing US ban after losing appeal agains Biden govt's law requiring ByteDance divestment

Firstpost  

The popular video-sharing app is expected to appeal the ruling to the Supreme Court while seeking support from Trump, who has become an unlikely ally in opposing the ban While TikTok has distanced itself publicly from China, ByteDance’s role remains evident. Reuters TikTok is facing a potential US ban after losing a court appeal Friday against a law requiring its …

TikTok’s U.S. presence in jeopardy as judges back potential ban
Trending News
2 weeks, 4 days ago

TikTok’s U.S. presence in jeopardy as judges back potential ban

Salon  

In April, legislation passed by Congress and signed into law by President Joe Biden threatened to ban TikTok in the U.S. if the platform's China-based parent company ByteDance refused to sell to an American owner by Jan. 19, 2025, and with the deadline looming and no such sale underway, stateside fans of the popular video share site are getting nervous. …

TikTok seeking Musk's advice ahead of potential ban in the US, incoming Trump administration
1 month ago

TikTok seeking Musk's advice ahead of potential ban in the US, incoming Trump administration

Firstpost  

The US administration, under outgoing President Joe Biden, had been raising alarms that TikTok could be compelled to share user data with the Chinese government. Leadership at TikTok’s parent company, ByteDance, a Chinese tech firm, views Musk as a potential intermediary to the incoming administration. TikTok’s troubles in the US The US administration, under outgoing President Joe Biden, had been …

China's ByteDance values itself at $300 bn despite a looming threat to its business, what's the maths
1 month ago

China's ByteDance values itself at $300 bn despite a looming threat to its business, what's the maths

Firstpost  

Despite facing the threat of a possible ban in the US, TikTok’s Chinese parent company ByteDance has set its valuation at $300 billion, the highest seen to date, but what’s the reason behind it? ByteDance, the Chinese parent company of TikTok, has set its valuation at $300 billion, one of the highest ever till date. ByteDance facing threat of ban …

TikTok parent ByteDance's valuation hits $300 billion: Report
1 month ago

TikTok parent ByteDance's valuation hits $300 billion: Report

Deccan Chronicle  

TikTok's parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed by Reuters. This is the third buy back program for investors from Bytedance, which has been conducting share buybacks since 2022. ByteDance had been planning to carry …

TikTok parent ByteDance's valuation hits $300 billion: Report
1 month ago

TikTok parent ByteDance's valuation hits $300 billion: Report

Hindustan Times  

TikTok's parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed by Reuters. Buy TikTok Followers: 5 Best Sites For Real Growth ByteDance reached out to investors in recent weeks, offering a price of $180.70 per share, the …

TikTok parent ByteDance’s valuation hits $300 billion, sources say
1 month ago

TikTok parent ByteDance’s valuation hits $300 billion, sources say

Live Mint  

By Echo Wang and Chandni Shah -TikTok's parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed by Reuters. This is the third buy back program for investors from Bytedance, which has been conducting share buybacks since 2022. …

Canada Orders Dissolution Of TikTok's Business In The Country But Won't Block App
1 month, 2 weeks ago

Canada Orders Dissolution Of TikTok's Business In The Country But Won't Block App

Huff Post  

LOADING ERROR LOADING TORONTO — Canada announced Wednesday it won’t block access to the popular video-sharing app TikTok but is ordering the dissolution of its Canadian business after a national security review of the Chinese company behind it. Industry Minister François-Philippe Champagne said it is meant to address risks related to ByteDance Ltd.’s establishment of TikTok Technology Canada Inc. “The …

Canada orders TikTok’s Canadian business to be dissolved but won’t block app
1 month, 2 weeks ago

Canada orders TikTok’s Canadian business to be dissolved but won’t block app

Associated Press  

TORONTO — Canada announced Wednesday it won’t block access to the popular video-sharing app TikTok but is ordering the dissolution of its Canadian business after a national security review of the Chinese company behind it. Industry Minister François-Philippe Champagne said it is meant to address risks related to ByteDance Ltd.’s establishment of TikTok Technology Canada Inc. “The government is not …

Canada orders TikTok's Canadian business to be dissolved but won't block app
1 month, 2 weeks ago

Canada orders TikTok's Canadian business to be dissolved but won't block app

New Indian Express  

TikTok is wildly popular with young people, but its Chinese ownership has raised fears that Beijing could use it to collect data on Western users or push pro-China narratives and misinformation. TikTok faces intensifying scrutiny from Europe and America over security and data privacy. Canada previously banned TikTok from all government-issued mobile devices. Michael Geist, Canada research chair in Internet …

Canada orders TikTok's Canadian business to be dissolved but won't block app
Trending News
1 month, 2 weeks ago

Canada orders TikTok's Canadian business to be dissolved but won't block app

NPR  

Canada orders TikTok's Canadian business to be dissolved but won't block app toggle caption Matt Slocum/AP TORONTO — Canada announced Wednesday it won’t block access to the popular video-sharing app TikTok but is ordering the dissolution of its Canadian business after a national security review of the Chinese company behind it. Industry Minister François-Philippe Champagne said it is meant to …

TikTok disputes U.S. claims on China ties in court appeal
4 months, 1 week ago

TikTok disputes U.S. claims on China ties in court appeal

The Hindu  

TikTok told a federal appeals court on Thursday that the U.S. Department of Justice has mis-stated the social media app's ties to China, urging the court to overturn a law requiring China-based ByteDance to sell TikTok's U.S. assets or face a ban. TikTok said on Thursday it is undisputed that the app's content recommendation engine and user data are stored …

Appeals court to hear challenges to potential U.S. TikTok ban on September 16
6 months ago

Appeals court to hear challenges to potential U.S. TikTok ban on September 16

The Hindu  

A U.S. appeals court on Monday said it will hold oral arguments on September 16 on legal challenges to a new law requiring China-based ByteDance to divest TikTok's U.S. assets by January 19 or face a ban. On May 14, a group of TikTok creators filed suit to block the law that could ban the app used by 170 million …

U.S. court to hear challenges to potential TikTok ban in September
6 months, 3 weeks ago

U.S. court to hear challenges to potential TikTok ban in September

The Hindu  

A U.S. appeals court on Tuesday set a fast-track schedule to consider the legal challenges to a new law requiring China-based ByteDance to divest TikTok's U.S. assets by January 19 or face a ban. The U.S. Court of Appeals for the District of Columbia ordered the case set for oral arguments in September after TikTok, ByteDance and a group of …

TikTok content creators sue the US government over law that could ban the popular platform
7 months, 1 week ago

TikTok content creators sue the US government over law that could ban the popular platform

Associated Press  

Eight TikTok content creators sued the U.S. government on Tuesday, issuing another challenge to the new federal law that would ban the popular social media platform nationwide if its China-based parent company doesn’t sell its stakes within a year. Attorneys for the creators argue in the lawsuit that the law violates users’ First Amendment rights to free speech, echoing arguments …

Cyber warfare, influence operations, and TikTok bans
7 months, 1 week ago

Cyber warfare, influence operations, and TikTok bans

Hindustan Times  

While a concrete and foolproof solution is yet to emerge on preventing conventional conflicts, a peculiar situation has emerged wherein warfare has become grey zone warfare--somewhere between peace and conflict. Senate in April, passed a legislation giving TikTok’s Chinese owner, ByteDance roughly nine months to divest the US assets of the short video app, or to face a countrywide ban. …

TikTok owner ByteDance files lawsuit against US law forcing app’s sale
7 months, 2 weeks ago

TikTok owner ByteDance files lawsuit against US law forcing app’s sale

Al Jazeera  

In April, President Joe Biden signed a law giving ByteDance nine months to sell its US operations over security concerns. ByteDance, the owner of the social media platform TikTok, has filed a lawsuit against the United States government in an effort to block a law that would force it to divest from its US assets. “This is the only way …

ByteDance may shut down TikTok instead of selling it to avoid a U.S. ban: Report
7 months, 3 weeks ago

ByteDance may shut down TikTok instead of selling it to avoid a U.S. ban: Report

The Hindu  

ByteDance, the Chinese parent of the viral short video app TikTok, may choose to shut down the app rather than sell it after U.S. President Joe Biden signed a bill this week forcing it to give up ownership in the next nine to 12 months, reported Reuters on Friday, citing multiple anonymous sources. While TikTok means to fight the motion …

The TikTok law kicks off a new showdown between Beijing and Washington. What’s coming next?
7 months, 4 weeks ago

The TikTok law kicks off a new showdown between Beijing and Washington. What’s coming next?

Associated Press  

WASHINGTON — TikTok is gearing up for a legal fight against a U.S. law that would force the social media platform to break ties with its China-based parent company, a move almost certainly backed by Chinese authorities as the bitter U.S.-China rivalry threatens the future of a wildly popular way for young people in America to connect online. Beijing has …

U.S. President Biden signs bill that will see TikTok sold or banned next year
7 months, 4 weeks ago

U.S. President Biden signs bill that will see TikTok sold or banned next year

The Hindu  

U.S. President Joe Biden on Wednesday signed a bill forcing TikTok’s Chinese parent ByteDance to divest ownership of the app or see it banned in the next nine months, extendable by another three months if needed. Last year, several U.S. states began banning TikTok in government employees’ work devices, though sweeping bans on private usage were not successful in court. …

TikTok CEO on US restrictions: 'Rest assured - we aren't going anywhere'
7 months, 4 weeks ago

TikTok CEO on US restrictions: 'Rest assured - we aren't going anywhere'

Hindustan Times  

TikTok's chief executive said on Wednesday the social media company expects to win a legal challenge to block legislation signed into law by President Joe Biden that he said would ban its popular short video app used by 170 million Americans. "Rest assured - we aren't going anywhere," CEO Shou Zi Chew said in a video posted moments after Biden …

ByteDance prefers TikTok shutdown in US over sale: Report
7 months, 4 weeks ago

ByteDance prefers TikTok shutdown in US over sale: Report

Al Jazeera  

TikTok parent would rather have it shutdown in US than have it sold to a US buyer with algorithms, Reuters reported. TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the United States, Reuters reported citing …

What a TikTok ban in the US could mean for you
7 months, 4 weeks ago

What a TikTok ban in the US could mean for you

Associated Press  

No, TikTok will not suddenly disappear from your phone. TikTok, which is used by more than 170 million Americans, most likely won’t disappear from your phone even if an eventual ban does take effect. This would also mean that TikTok wouldn’t be able to send updates, security patches and bug fixes, and over time the app would likely become unusable …

US' deadline to China's ByteDance: 'Sell TikTok or face ban’
7 months, 4 weeks ago

US' deadline to China's ByteDance: 'Sell TikTok or face ban’

Hindustan Times  

The US Senate voted to send legislation to Joe Biden which requires Chinese owner ByteDance to divest TikTok's asserts in the country within about nine months or face a ban. A view shows the office of TikTok after the U.S. House of Representatives overwhelmingly passed a bill that would give TikTok's Chinese owner ByteDance about six months to divest the …

Senate passes bill forcing TikTok’s parent company to sell or face ban, sends to Biden for signature
7 months, 4 weeks ago

Senate passes bill forcing TikTok’s parent company to sell or face ban, sends to Biden for signature

Associated Press  

WASHINGTON — The Senate passed legislation Tuesday that would force TikTok’s China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers that’s expected to face legal challenges and disrupt the lives of content creators who rely on the short-form video app for income. For years, lawmakers and administration officials …

Major blow to China's TikTok as US Senate passes bill forcing parent company ByteDance to sell or face ban
8 months ago

Major blow to China's TikTok as US Senate passes bill forcing parent company ByteDance to sell or face ban

India TV News  

Washington: In a major blow to the Chinese video app, TikTok, the US Senate passed legislation on Tuesday that would force the company to sell the social media platform under the threat of a ban. Read: New US bill aims to ban TikTok once again: Know-why "We'll continue to fight, as this legislation is a clear violation of the First …

TikTok star urges US to force sale after witnessing 'terrifying' algorithm amid Israel-Palestine war
8 months ago

TikTok star urges US to force sale after witnessing 'terrifying' algorithm amid Israel-Palestine war

Hindustan Times  

Imagine speaking out against the platform that enables you to earn a living. This comes on the heels of White House representatives passing a bill that could lead to a permanent TikTok ban in America. White House passes the bill, threatens to ban TikTok The world’s most popular musical video service, which has been accused of spreading ‘Hamas hate speech …

TikTok: Is it really Chinese?
9 months ago

TikTok: Is it really Chinese?

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. In particular, they worry that TikTok, which is owned by Beijing-based ByteDance, could share data with the Chinese government or manipulate content displayed on its platform. Jose Luis Magana/AP ByteDance’s website shows that …

China Signals Opposition to Forced Sale of TikTok in the U.S.
9 months, 1 week ago

China Signals Opposition to Forced Sale of TikTok in the U.S.

Live Mint  

SINGAPORE—The Chinese government is signaling that it won’t allow a forced sale of TikTok, limiting options for the app’s owners as buyers begin lining up to bid for its U.S. operations. During a routine news conference on Thursday, a spokesman for China’s Ministry of Commerce said the U.S. should “stop unreasonably suppressing" TikTok, adding: “The relevant party should strictly abide …

Former Trump-advisor Steve Mnuchin plans to buy TikTok from ByteDance, China furious at ‘Robber’s Logic’
9 months, 1 week ago

Former Trump-advisor Steve Mnuchin plans to buy TikTok from ByteDance, China furious at ‘Robber’s Logic’

Firstpost  

Steve Mnuchin’s bid is not the first attempt to transfer TikTok’s control to American entities. In 2020, then-President Trump supported a proposed deal involving Oracle and Walmart to create a US-based enterprise that would take ownership of TikTok If the Senate approves the bill and President Biden signs it into law, ByteDance will have six months to sell TikTok to …

America is right to tackle TikTok, but they’re doing it for the wrong reasons
9 months, 1 week ago

America is right to tackle TikTok, but they’re doing it for the wrong reasons

The Independent  

A “ban” on TikTok – Gen Z’s favourite source of news, entertainment, triviality and dangerous stunts – is firmly back on the agenda. That’s certainly the intention of Mark Warner, the Democratic chair of the Senate Intelligence Committee – and Marco Rubio, his Republican vice chair – who released a joint statement in support of the ban, highlighting their concern …

Former Treasury Secretary Steve Mnuchin says he's putting together investor group to buy TikTok
9 months, 1 week ago

Former Treasury Secretary Steve Mnuchin says he's putting together investor group to buy TikTok

Associated Press  

Former Treasury Secretary Steven Mnuchin said Thursday that he will put together an investor group to buy TikTok after the House passed a bill that would ban the popular video app in the U.S. if its China-based owner does not sell its stake. AP AUDIO: Former Treasury Secretary Steve Mnuchin says he’s putting together investor group to buy TikTok. Asked …

ByteDance: TikTok’s parent company, which is under fire in the US
9 months, 1 week ago

ByteDance: TikTok’s parent company, which is under fire in the US

Firstpost  

ByteDance, best known in most countries as the creator of TikTok, grew from its humble beginnings in a Beijing apartment 12 years ago to become one of the world’s largest technology companies. Representative Mike Gallagher told NPR, “What we’re after is, it’s not a ban, it’s a forced separation.” “The TikTok user experience can continue and improve so long as …

Former Treasury Secretary Steven Mnuchin is assembling an investor group to buy TikTok
9 months, 1 week ago

Former Treasury Secretary Steven Mnuchin is assembling an investor group to buy TikTok

LA Times  

As Congress weighs a bill that would lead to a nationwide ban of the popular video app TikTok, former Treasury Secretary Steven T. Mnuchin said Thursday he is assembling an investor group that will try to purchase the China-based company. “There’s no way that the Chinese would ever let a U.S. company own something like this in China.” Mnuchin, a …

U.S. House passes bill that would lead to a TikTok ban if Chinese owner doesn't sell
9 months, 1 week ago

U.S. House passes bill that would lead to a TikTok ban if Chinese owner doesn't sell

The Hindu  

The U.S. House of Representatives on March 13 passed a bill that would lead to a nationwide ban of the popular video app TikTok if its China-based owner doesn't sell, as lawmakers acted on concerns that the company's current ownership structure is a national security threat. “What we've tried to do here is be very thoughtful and deliberate about the …

U.S. lawmakers say TikTok won't be banned if it finds a new owner. But that's easier said than done
9 months, 1 week ago

U.S. lawmakers say TikTok won't be banned if it finds a new owner. But that's easier said than done

The Hindu  

U.S. lawmakers are threatening to ban TikTok but also say they are giving its Chinese parent company a chance to keep it running. While some people have voiced an interest in buying TikTok's U.S. business — among them “Shark Tank” star Kevin O’Leary — there are a number of challenges including a 6-month deadline to get it done. “As you …

US will not ban TikTok if it finds a new owner: Why is that easier said than done?
9 months, 1 week ago

US will not ban TikTok if it finds a new owner: Why is that easier said than done?

Firstpost  

House Republicans are moving ahead with a bill that would require Chinese company ByteDance to sell TikTok or face a ban in the United States even as former President Donald Trump is voicing opposition to the effort The bill calls for prohibiting TikTok in the US but makes an exception if there's a 'qualified divestiture.' “But even if somebody has …

House passes a bill that could lead to a TikTok ban if Chinese owner refuses to sell
9 months, 1 week ago

House passes a bill that could lead to a TikTok ban if Chinese owner refuses to sell

Associated Press  

WASHINGTON — The House on Wednesday passed a bill that would lead to a nationwide ban of the popular video app TikTok if its China-based owner doesn’t sell its stake, as lawmakers acted on concerns that the company’s current ownership structure is a national security threat. House passes a bill that could lead to a TikTok ban if Chinese owner …

US House passes bill that would lead to TikTok ban if Chinese owner doesn't sell
9 months, 1 week ago

US House passes bill that would lead to TikTok ban if Chinese owner doesn't sell

New Indian Express  

WASHINGTON: The House on Wednesday passed a bill that would lead to a nationwide ban of the popular video app TikTok if its China-based owner doesn't sell, as lawmakers acted on concerns that the company's current ownership structure is a national security threat. TikTok, which has more than 150 million American users, is a wholly owned subsidiary of Chinese technology …

US lawmakers say TikTok won’t be banned if it finds a new owner. But that’s easier said than done
9 months, 1 week ago

US lawmakers say TikTok won’t be banned if it finds a new owner. But that’s easier said than done

Associated Press  

U.S. lawmakers are threatening to ban TikTok but also say they are giving its Chinese parent company a chance to keep it running. While some people have voiced an interest in buying TikTok’s U.S. business — among them “Shark Tank” star Kevin O’Leary — there are a number of challenges including a 6-month deadline to get it done. The bill …

US House to vote on bill giving ByteDance 165 days to divest TikTok or face ban
9 months, 2 weeks ago

US House to vote on bill giving ByteDance 165 days to divest TikTok or face ban

Live Mint  

The US House of Representatives is set to expedite a vote next week on legislation compelling China’s ByteDance to divest from short video app TikTok within six months or face a US ban. Lawmakers will vote next week “to force TikTok to sever their ties with the Chinese Communist party,” House Majority Leader Steve Scalise said on X. Representative Mike …

TikTok reenters Indonesia with GoTo deal
10 months, 3 weeks ago

TikTok reenters Indonesia with GoTo deal

China Daily  

Visitors participate in a promotional event held by Douyin, known as TikTok overseas, in Beijing. Short-video app TikTok, owned by Chinese tech company Byte-Dance, has completed its deal to take control of Tokopedia, an e-commerce unit of Indonesia's biggest internet and tech firm PT GoTo Gojek Tokopedia Tbk. The move came after TikTok halted its online retail operations in Indonesia …

TikTok owner ByteDance's chief warns against mediocrity as AI brings disruption
10 months, 3 weeks ago

TikTok owner ByteDance's chief warns against mediocrity as AI brings disruption

The Hindu  

ByteDance CEO Liang Rubo warned employees at a company-wide meeting on Tuesday that the TikTok owner risks becoming complacent and slipping into mediocrity as it faces challenges from newer startups. Liang said the Beijing-based company's rapid expansion in recent years had made it less efficient, and it had not paid enough attention to groundbreaking artificial intelligence technology, according to a …

TikTok owner ByteDance in talks with Tencent, others to sell gaming assets
11 months, 2 weeks ago

TikTok owner ByteDance in talks with Tencent, others to sell gaming assets

The Hindu  

TikTok owner ByteDance said on Tuesday it is in talks with multiple prospective buyers of its gaming assets, including the world's largest video games company, Tencent, as the Chinese social media firm retreats from the gaming industry. ByteDance and Tencent are discussing a deal involving multiple popular video games published by ByteDance's Nuverse gaming unit including "Crystal of Atland" and …

TikTok Strikes Back in Indonesia
1 year ago

TikTok Strikes Back in Indonesia

Live Mint  

The Indonesian government executed its crackdown on “social shopping" in the name of protecting local small businesses. The viral short-video platform, owned by China’s Bytedance, agreed to combine its nascent TikTok Shop operations in Indonesia with GoTo’s e-commerce subsidiary Tokopedia on Monday. Indonesia’s largest internet company doesn’t get any upfront cash, since the injection from TikTok will go into the …

TikTok to invest $1.5 bln in GoTo's Indonesia e-commerce business
1 year ago

TikTok to invest $1.5 bln in GoTo's Indonesia e-commerce business

The Hindu  

TikTok will take a controlling stake in an e-commerce unit of Indonesia's biggest tech firm PT GoTo Gojek Tokopedia, a partnership that will see the short video app invest $1.5 billion over the long term, the two companies said on Monday. The deal comes after Indonesia in October banned online shopping on social media platforms to protect smaller merchants and …

Game Over: TikTok’s parent company ByteDance to fire hundreds as it exits gaming sector in major retreat
1 year ago

Game Over: TikTok’s parent company ByteDance to fire hundreds as it exits gaming sector in major retreat

Firstpost  

ByteDance, the parent company of TikTok is making a hasty retreat out of the global gaming industry in a bid to cuts its losses. Seen as one of the biggest tech investment failures in recent history, ByteDance is set to fire hundreds of employees from its gaming brand Nuverse ByteDance, the parent company of TikTok, is set to make a …

TikTok Shop launches in the U.S. as the company bets big on e-commerce
1 year, 3 months ago

TikTok Shop launches in the U.S. as the company bets big on e-commerce

Associated Press  

NEW YORK — After months of testing, TikTok is fully launching its e-commerce product in the U.S. in an effort to translate the app’s cultural relevance among young consumers to sales. The company said Tuesday its shopping wing, called TikTok Shop, will include several features such as a “Shop Tab,” a marketplace its been testing on the app since August; …

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