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Parent company ByteDance on track to become world’s biggest social media group with $120bn in global sales
...TikTok’s Beijing-based owner ByteDance tightened its grip over its US operations over the past two years, according to company insiders, even as momentum to ban the short-video app grew in Washington....
...But his political outlays were not enough to slow the TikTok bill, which sits at the centre of the battle between Washington and Beijing....
...“The House vote underscores the fading influence of China’s corporate champions in Washington,” said Craig Singleton, a China expert at the Foundation for Defense of Democracies....
...Thank God for bipartisanship, cried the Washington flame keepers....
Antitrust regulator takes aim at proposed Capri-Tapestry deal to create a US luxury goods powerhouse
US president’s campaign has posted on Chinese-owned video app in attempt to appeal to younger voters
...As the annual World Bank-IMF joint spring meetings come to a close in Washington, everyone should be aware of the risks Plender sets out....
...President Joe Biden on Wednesday signed into law an initiative that could force TikTok’s Chinese parent company to divest the video-sharing platform, adding to already strained relations between Washington...
Regulator’s request to judge reflects argument that many digital assets qualify as securities
Staff and viewers had voiced outrage over her support for Donald Trump’s false claims of fraud in 2020 election
Measure passes with bipartisan support despite intense lobbying and will now head to Senate
Move to bundle divest-or-ban measure with foreign aid could compel Senate to act against Chinese-owned app
...While the group has invested $3.5bn in more than 350 Chinese start-ups, it somehow hasn’t come under fire in Washington yet, even while rivals like Sequoia Capital and GGV Capital have faced scrutiny....
US Congress took a first step this week to forcing the app’s Chinese owner to sell it off. Can the company fight back?
...case shows pretty keen learning from the other legal matters that have involved Apple,” said Bill Kovacic, a former Federal Trade Commission chair and professor of competition law and policy at George Washington...
House committee approves bipartisan legislation after briefing on data risks to American users
...He Yadong, spokesperson for the commerce ministry, on Thursday called on Washington to “stop unfairly suppressing foreign companies”....
...Asked whether he backed the legislation as he left Washington for Pennsylvania on Friday, Biden replied: “If they pass it, I’ll sign it.”...
Landmark lawsuit is Biden administration’s first big antitrust action against iPhone maker
...This is not “TikTok vs Washington”, they said, but “TikTok vs Washington vs Beijing”....
Large asset managers will end up on the wrong side of history, Washington envoy says
...The court is deliberating on another case, Relentless Inc vs Department of Commerce, that seeks to overturn a 40-year-old legal doctrine that says courts should generally defer to agencies’ interpretation...
...With additional reporting by Alex Rogers in Washington...
...On Monday, US college football will crown a national champion, when the University of Michigan takes on the University of Washington....
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