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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…