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Social media as we know it is about to be disrupted big-time
Meta’s ad revenues are down. Elon Musk bought Twitter. TikTok’s political situation is shaky. Is the social media status quo about to shift? Probably. Read more…
TikTok
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TikTok tells US senators it’s not a national security threat
TikTok sent US senators a letter saying it is working with the Biden Administration to safeguard user data and US national security interests. Read more…
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TikTok tests e-commerce integration in Southeast Asia
TikTok is trialling e-commerce integrations in various geographical locations, allowing ByteDance to take advantage of this key opportunity. Read more…
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TikTok testing games on video-sharing app in Vietnam
TikTok has been conducting tests so users can play games on its video-sharing app in Vietnam, part of plans for a major push into gaming. Read more…
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TikTok is eating Meta’s lunch, and the metaverse is too distant to help
Meta’s failure to repel TikTok is a rare example of a Chinese company using tech to take market share from a giant US digital ecosystem. Read more…
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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…
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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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Shopify and TikTok launch a ‘shop’ as the social commerce battle heats up
Shopify and TikTok have announced a deal whereby Shopify merchants with a business TikTok account will be able to add a ‘shop’ tab. Read more…
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Biden administration asks courts to dismiss Trump-era bans on TikTok
Biden administration has asked two federal appeals courts to dismiss Trump-era efforts to ban new downloads of Chinese-owned TikTok. Read more…
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Biden withdraws Trump-era executive orders banning WeChat, TikTok
President Joe Biden on Wednesday withdrew a series of Trump-era executive orders that sought to ban new downloads of WeChat and TikTok. 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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TikTok appoints Singaporean national Shouzi Chew as new CEO
TikTok has appointed Shouzi Chew, a Singaporean national, as the new Chief Executive Officer of the hot video-sharing platform. 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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Armed Myanmar soldiers and police using TikTok to deliver death threats
Armed Myanmar soldiers and police are using TikTok to deliver death threats to protesters against last month’s military coup. 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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Trump’s election defeat, turning point for advertisers rushing back to TikTok
Trump’s defeat in the election was the turning point for many advertisers who were previously “on the fence” about TikTok. Read more…
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Chinese apps including TikTok and 58 others to remain banned in India
India has decided to retain its ban on video app TikTok and 58 other Chinese apps after reviewing responses from the companies. 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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India TikTok clone Josh raises $100mn from Google, Microsoft and others
The Indian parent of TikTok clone Josh has raised more than $100 million from investors including Alphabet Inc’s Google and Microsoft. Read more…
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Google wants to fill TikTok void in India via ShareChat deal
Google is looking to enter India’s fast-growing short-video app space through a possible acquisition of Twitter-backed ShareChat application Read more…