Search by subject: ByteDances

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The order was based on a government review of ByteDances 2017 acquisition of U.S. social media app Musical NeutralNEW ByteDance the Chinese parent company of videosharing app TikTok filed a petition late on Tuesday with a U.S. Appeals Court challenging a Trump administration order set to take effect on Thursday requiring it to divest TikTok http://www.reuters.com/places/china/article/us-usa-tiktok/chinas-bytedance-challenges-trumps-tiktok-divestiture-order-idUSKBN27R02L2020-11-11
Other tech players like Douyin the Chinese version of ByteDances TikTok JD.com and Pinduoduo are rolling out their own campaigns some larger than others PositiveSHANGHAI Chinas Alibaba Group Holding Ltd will kick off its megashopping extravaganza Singles early this year a move that will likely see a big jump in its sales as the easing of the countrys COVID19 pandemic drives an economic rebound http://www.reuters.com/places/china/article/us-singles-day-alibaba/alibaba-to-kick-off-chinas-first-post-pandemic-singles-day-early-idUSKBN27F1012020-10-31
ByteDances other Chinese operations include news aggregator Jinri Toutiao work collaboration tool Feishu and videostreaming app Xigua PositiveBEIJING TikTokowner ByteDance is in discussions internally and with investment banks to list its Chinese short video app Douyin in Hong Kong according to two people familiar with the situation http://www.reuters.com/finance/deals/article/us-china-bytedance-douyin/bytedance-in-early-talks-to-list-chinese-short-video-app-douyin-in-hong-kong-sources-idUSKBN27B0GB2020-10-26
BEIJING China will need to approve ByteDances proposed deal with Oracle Corp for its TikTok app the Chinese company said on Thursday indicating how its bid to stave off a ban in the United States could be further complicated PositiveBEIJING China will need to approve ByteDances proposed deal with Oracle Corp for its TikTok app the Chinese company said on Thursday indicating how its bid to stave off a ban in the United States could be further complicated http://www.reuters.com/places/china/article/us-china-bytedance-tiktok-proposal/bytedance-says-china-will-have-to-approve-its-u-s-tiktok-deal-idUSKBN2680PV2020-09-18
Mnuchin who chairs CFIUS and Commerce Secretary Wilbur Ross were meeting at the White House on Tuesday to consider ByteDances proposal two of the sources said PositiveOracle would become ByteDances technology partner responsible for the management of TikToks data and take a minority stake in TikTok the sources added http://www.reuters.com/finance/article/us-usa-tiktok-trump/trump-says-oracle-close-to-tiktok-deal-as-bytedance-aims-for-majority-ownership-idUSKBN26637C2020-09-16
Oracle Corps deal to be a technology provider to ByteDances TikTok will be announced on Tuesday afternoon CNBC reported on Tuesday citing sources PositiveOracle Corps deal to be a technology provider to ByteDances TikTok will be announced on Tuesday afternoon CNBC reported on Tuesday citing sources http://www.reuters.com/places/china/article/us-china-bytedance-tiktok-oracle/oracle-tiktok-deal-to-get-trump-approval-on-tuesday-cnbc-idUSKBN2662DF2020-09-16
Oracle would become ByteDances technology partner responsible for the management of TikToks data and take a minority stake in TikTok the sources added PositiveOracle would become ByteDances technology partner responsible for the management of TikToks data and take a minority stake in TikTok the sources added http://www.reuters.com/finance/article/us-usa-tiktok-trump/trump-says-oracle-close-to-tiktok-deal-as-bytedance-aims-for-majority-ownership-idUSKBN26637C2020-09-16
The bulk of ByteDances revenue is still generated in China sources have told Reuters mainly from ad income on Douyin and its Chinese news aggregator Jinri Toutiao PositiveBEIJING Douyin the Chinese version of short video app TikTok hit 600 million daily active users in August an executive with parent company ByteDance said on Tuesday a jump since the start of the year http://www.reuters.com/places/china/article/us-china-bytedance/bytedances-chinese-version-of-tiktok-hits-600-million-daily-users-idUSKBN2660P42020-09-15
Some of ByteDances top backers including investment firms General Atlantic and Sequoia will also be given minority stakes in TikToks U.S. operations under the proposal one of the sources said PositiveSome of ByteDances top backers including investment firms General Atlantic and Sequoia will also be given minority stakes in TikToks U.S. operations under the proposal one of the sources said http://www.reuters.com/places/china/article/us-china-bytedance-tiktok-oracle/bytedance-drops-tiktoks-u-s-sale-to-partner-with-oracle-sources-idUSKBN2650002020-09-14
Were Trump to agree to ByteDances proposed deal with Oracle he would have to rescind his order calling specifically for TikTok to be divested PositiveSome of ByteDances top backers including investment firms General Atlantic and Sequoia will also be given minority stakes in TikToks U.S. operations under the proposal one of the sources said http://www.reuters.com/places/china/article/us-china-bytedance-tiktok-oracle/bytedance-drops-tiktoks-u-s-sale-to-partner-with-oracle-sources-idUSKBN2650002020-09-14
BEIJING Chinas new tech export rules do not target any specific company the commerce ministry said on Thursday when asked if the new rules mean ByteDances sale of TikToks U.S. operations could require Beijings approval PositiveBEIJING Chinas new tech export rules do not target any specific company the commerce ministry said on Thursday when asked if the new rules mean ByteDances sale of TikToks U.S. operations could require Beijings approval http://www.reuters.com/places/china/article/us-usa-tiktok-china/china-says-its-new-tech-export-rules-do-not-target-any-specific-company-idUSKBN25U0Z82020-09-04
Chinas new rules around tech exports mean ByteDances sale of TikToks U.S. operations could need Beijings approval a Chinese trade expert told state media a requirement that would complicate the forced and politically charged divestment PositiveChinas new rules around tech exports mean ByteDances sale of TikToks U.S. operations could need Beijings approval a Chinese trade expert told state media a requirement that would complicate the forced and politically charged divestment http://www.reuters.com/finance/deals/article/us-usa-tiktok-china/chinas-new-tech-export-controls-could-give-beijing-a-say-in-tiktok-sale-idUSKBN25Q05Q2020-08-30
WASHINGTON President Donald Trump wants to deny China some of the proceeds from the sale of ByteDances U.S. operations of its videosharing app TikTok White House economic adviser Larry Kudlow said on Wednesday but it would be unusual for any company that acquires TikTok to provide funds to the U.S. Treasury NegativeWASHINGTON President Donald Trump wants to deny China some of the proceeds from the sale of ByteDances U.S. operations of its videosharing app TikTok White House economic adviser Larry Kudlow said on Wednesday but it would be unusual for any company that acquires TikTok to provide funds to the U.S. Treasury http://www.reuters.com/news/technology/article/us-usa-tiktok-kudlow/unusual-for-u-s-treasury-to-get-a-cut-of-any-tiktok-sale-white-house-aide-idUSKCN25F2K62020-08-20
WASHINGTON Aug 19 White House economic adviser Larry Kudlow said on Wednesday President Donald Trump wants to deny China some of the proceeds from the sale of ByteDances U.S. operations of its videosharing app TikTok but it would be unusual for any company that acquires TikTok to provide funds to the U.S. Treasury NegativeWASHINGTON Aug 19 White House economic adviser Larry Kudlow said on Wednesday President Donald Trump wants to deny China some of the proceeds from the sale of ByteDances U.S. operations of its videosharing app TikTok but it would be unusual for any company that acquires TikTok to provide funds to the U.S. Treasury http://www.reuters.com/news/media/article/usa-tiktok-kudlow/unusual-for-any-company-that-acquires-tiktok-to-give-funds-to-u-s-treasury-white-house-aide-idUSW1N2ER01C2020-08-20
The sources said that local moderators were instructed by a team from ByteDances Beijing headquarters to delete articles seen as about Chinese authorities on the Baca Berita app NegativeSINGAPORE Chinese tech giant ByteDance censored content it perceived as critical of the Chinese government on its news aggregator app in Indonesia from 2018 to mid2020 six people with direct knowledge of the matter told Reuters http://www.reuters.com/places/china/article/us-usa-tiktok-indonesia-exclusive/exclusive-bytedance-censored-anti-china-content-in-indonesia-until-mid-2020-sources-idUSKCN2591ML2020-08-14
Other sources said that ByteDances is prioritising expansion into education technology and gaming rather than financial technology PositiveBeijingbased ByteDance the owner of global short video hit TikTok is taking steps to move into the online stock brokerage and wealth management business in Hong Kong trademark registration documents show http://www.reuters.com/places/china/article/us-china-bytedance-fintech/bytedance-takes-step-toward-entering-online-stock-broking-in-hong-kong-idUSKCN2560Y12020-08-11
WASHINGTON President Donald Trumps unprecedented demand that the United States get a cut of the proceeds from the forced sale of Chinese internet giant ByteDances shortvideo app TikTok is based on an interpretation of U.S law that regulatory lawyers say may be open to challenges NegativeWASHINGTON President Donald Trumps unprecedented demand that the United States get a cut of the proceeds from the forced sale of Chinese internet giant ByteDances shortvideo app TikTok is based on an interpretation of U.S law that regulatory lawyers say may be open to challenges http://www.reuters.com/finance/article/us-usa-trump-tiktok/trumps-bid-for-a-piece-of-microsoft-tiktok-deal-could-spur-legal-action-idUSKCN2503262020-08-05
LONDON The location of TikTok owner ByteDances headquarters is a commercial decision for the company to make a spokesman for British Prime Minister Boris Johnson said on Monday responding to a report that the firm could move to London NeutralLONDON The location of TikTok owner ByteDances headquarters is a commercial decision for the company to make a spokesman for British Prime Minister Boris Johnson said on Monday responding to a report that the firm could move to London http://www.reuters.com/places/china/article/us-china-bytedance-britain-government/location-of-tiktok-headquarters-is-a-matter-for-bytedance-pm-johnsons-spokesman-idUSKBN24Z1JZ2020-08-04
The White House declined to comment on whether Trump would accept ByteDances concession NegativeNEW Chinas ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House after President Donald Trump said on Friday he had decided to ban the popular shortvideo app two people familiar with the matter said on Saturday http://www.reuters.com/places/china/article/us-usa-tiktok-bytedance-exclusive/exclusive-tiktoks-chinese-owner-offers-to-forego-stake-to-clinch-u-s-deal-sources-idUSKBN24X3SK2020-08-02
The White House did not respond to a request for comment on whether Trump would accept ByteDances concession PositiveNEW YORK Aug 1 Chinas ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House after President Donald Trump said on Friday he had decided to ban the popular shortvideo app two people familiar with the matter said on Saturday http://www.reuters.com/finance/markets/article/usa-tiktok-bytedance/exclusive-bytedance-offers-to-forgo-stake-in-tiktok-to-clinch-u-s-deal-sources-idUSL1N2F301I2020-08-02
ByteDance Microsoft and the U.S. Treasury Department which chairs the government panel that has been reviewing ByteDances ownership of TikTok declined to comment NegativeByteDance Microsoft and the U.S. Treasury Department which chairs the government panel that has been reviewing ByteDances ownership of TikTok declined to comment http://www.reuters.com/places/china/article/us-usa-tiktok-bytedance/tiktok-faces-u-s-breakup-from-chinese-parent-as-microsoft-circles-sources-idUSKCN24W2PN2020-08-01
Citing security concerns India has outlawed 59 apps of Chinese origin including ByteDances TikTok and Alibabas UC Browser NegativeNEW DELHI Indian and Chinese diplomats were set for more talks on Friday to narrow differences on ways to pull back troops eyeballing each other across a disputed border in the western Himalayas where 20 Indian soldiers died in a clash over a month ago http://www.reuters.com/places/china/article/us-india-china/india-china-set-for-more-talks-to-de-escalate-himalayan-standoff-idUSKCN24P0LY2020-07-25
ByteDances separation of TikTok was the same strategy NeutralThe source said the move was made because it was not clear if Hong Kong would now fall entirely under Beijings jurisdiction in light of the new law http://www.reuters.com/finance/article/us-tiktok-hong-kong-exclusive/exclusive-tiktok-says-it-will-exit-hong-kong-market-within-days-idUSKBN2480AD2020-07-07
Republican Senator Marco Rubio was among U.S. lawmakers who last year urged CFIUS to review ByteDances 2018 acquisition of Musical NeutralTikToks poaching of Disneys Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions several people familiar with the plans said http://www.reuters.com/places/china/article/us-bytedance-tiktok-exclusive/exclusive-tiktok-owner-bytedance-moves-to-shift-power-out-of-china-sources-idUSKBN2341VJ2020-05-29
Creating new leadership positions for ByteDances China business Zhang said in a letter to employees he would now focus on global expansion and fresh initiatives such as education PositiveKONG The founder of Chinas ByteDance owner of the wildly successful TikTok app has for years aspired to make ByteDance the first Chinese firm to rival U.S. internet giants on the global stage http://www.reuters.com/places/chinahttps://www.reuters.com/article/us-china-bytedance-ceo/zhang-yiming-founder-of-tiktok-owner-bytedance-gears-up-for-the-global-stage-idUSKBN21014Y2020-03-14















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