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ByteDance downsizes investment team to satisfy Chinese regulators
ByteDance is shrinking its investment team and dissolving a sub-group focused on financial returns in response to crackdowns in China. Read more…
ByteDance
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ByteDance makes plans to shut down its India edtech division: report
ByteDance has reportedly decided to quit India’s edtech space by shutting down its business, which includes education learning app Snapsolve. Read more…
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ByteDance to restructure into six business units, IPO plans on hold
ByteDance to be reorganised into six units – TikTok and its Chinese version Douyin, Lark, BytePlus, Nuverse, and ed tech unit Dali Education. Read more…
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China tells its tech giants to stop blocking each other’s links
China fired a fresh regulatory shot at its tech giants on Monday, telling them to end a long-standing practice of blocking each other’s links Read more…
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ByteDance seems keen to sell AI-toolkits, but not the crown jewels
While it would appear that ByteDance is making its AI crown jewels available to all and sundry, but the critical stuff is being kept in-house. Read more…
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Zhang Yiming, CEO of TikTok owner ByteDance, to step down
Zhang Yiming will step down as CEO of TikTok-owner ByteDance, leaving the task of navigating regulations worldwide to college roommate. Read more…
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Indian court refuses ByteDance unblock request, asks for $11mn instead
Indian court says China’s ByteDance must deposit around $11 million that federal authorities believe it owes in an alleged case of tax evasion Read more…
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ByteDance tells Indian court that freeze on bank accounts is harassment
ByteDance has told an Indian court that a government freeze on its bank accounts amounts to harassment and was done illegally Read more…
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Indian authorities block ByteDance bank accounts for alleged tax evasion
Indian authorities blocked at least two ByteDance bank accounts for alleged tax evasion, prompting it to ask a court to quash the directive. Read more…
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TikTok owner ByteDance is working on a Clubhouse-like app for China
TikTok owner ByteDance is working on a Clubhouse-like app for China where Clubhouse has inspired a rush of copycats in the country. Read more…
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ByteDance launches Douyin Pay payment service for TikTok in China
Beijing-based ByteDance launched its third-party payment service for the Chinese version of its hit short video app TikTok, “Douyin Pay”. Read more…
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China’s ByteDance in talks to buy into mobile games publisher CMGE
China’s ByteDance is in talks to buy into mobile games publisher CMGE Technology Group in moves to strengthen its next pillar of growth. Read more…
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TikTok owner ByteDance on track to generate $27bn in ad revenue
TikTok-owner ByteDance is on track to generate at least 180 billion yuan ($27.2 billion) in advertising revenue in China this year Read more…
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US judge declines to postpone TikTok app store ban
A judge rejects a request by TikTok content creators to temporarily block a government ban on US app stores offering the app. Read more…
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What happens if deadline for sale of TikTok’s US business is missed?
Trump does not plan to extend a deadline for ByteDance to sell TikTok’s US business, with the process still mired in uncertainty. Read more…
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TikTok owner ByteDance plans to invest billions of dollars in Singapore
TikTok owner ByteDance plans to invest billions of dollars and recruit hundreds of employees in Singapore, its new Southeast Asia HQ. Read more…
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ByteDance founder Zhang Yiming, Beijing, TikTok and US demands?
ByteDance was approached by the Chinese government with offers of help when TikTok, but its response signalled it wanted to go it alone. Read more…
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TikTok prospective buyers discussing four ways to structure an acquisition
TikTok’s prospective buyers are discussing four ways to structure an acquisition from its Chinese owner ByteDance that could be worth $30bn. Read more…
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ByteDance sale of TikTok’s US operations could need Beijing’s approval
China’s new rules around tech exports mean ByteDance’s sale of TikTok’s US operations could need Beijing’s approval and complicate things. Read more…
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TikTok is booming in Southeast Asia tackling the big US firms head-on
TikTok is booming in Southeast Asia as a result of the global strategy ByteDance is implementing to avoid crackdowns in other regions. Read more…
