Hints and tips:
...Geopolitical tensions and dim prospects for an initial public offering have weighed on ByteDance....
...ByteDance is also investing in expanding TikTok’s international ecommerce business. ByteDance does not publicly disclose its revenue and profitability figures and declined to comment....
...Downloads of TikTok, owned by Beijing-based ByteDance, edged up a mere 4 per cent to 733mn over the same period....
...His boss at ByteDance, Zhen, has also been involved in recent weeks, with the communications sometimes appearing uncoordinated, according to people familiar with the matter....
...Baidu, ByteDance, Tencent and Alibaba declined to comment....
...Jakarta’s block added to the political backlash facing the ByteDance-owned video app from abroad....
...TikTok’s spiralling use around the globe brought in about $15bn in revenues for Beijing-based parent company ByteDance last year....
...Three ByteDance shopping apps — Dmonstudio, Fanno and If Yooou — have either been shut down or abandoned, two ByteDance employees said....
...Meanwhile, other parties have expressed interest in acquiring TikTok from ByteDance....
...Information about sales and profits are not published by ByteDance, which is private, but revenues last year are reportedly close to $20bn....
...The Chinese government has made clear that it does not want ByteDance to divest TikTok, and most people close to ByteDance insist that the company will not sell even if Congress tries to force it....
...TikTok’s former global marketing head Katie Puris has accused the company of unlawfully firing her because some company executives, including the chair of its Chinese parent company ByteDance, believed she...
...The bill gives ByteDance 180 days to divest TikTok to prevent it from being banned from app stores....
...Republican and Democratic lawmakers have introduced legislation that would ban app stores from distributing TikTok unless ByteDance, its Chinese owner, divests control of the popular video-sharing platform...
...Indeed, even before Wednesday’s vote, there were signals that ByteDance’s valuation had dropped....
...Beijing’s commerce ministry said last year it would “firmly oppose” a forced sale by ByteDance....
...But he conceded that China-based employees at ByteDance may have access to some US data from the app....
...Assuming the Senate agrees with the House, and with Joe Biden, who has urged its passage, and regardless of whether ByteDance would be permitted by Beijing to sell the app to a US owner, the fentanyl will...
...TikTok denies the Chinese Communist party has any influence on the app through ByteDance....
...“For ByteDance and TikTok it provides a plug-and-play solution to their Indonesia problems,” said Simon Torring, co-founder of Cube Asia, an ecommerce research platform....
...It permits ByteDance to bring a legal challenge within 165 days of the bill becoming law....
...TikTok critics have long argued that ByteDance would share data on US users with the Chinese government or pressure TikTok to promote Beijing’s views....
...ByteDance declined to comment. Tencent and Alibaba Cloud did not respond to requests for comment. Subsidies will only tackle part of the problem, according to analysts....
...That is because ByteDance’s ownership structure is striking....
...ByteDance, which has numerous small teams working on various generative AI products, launched its Doubao chatbot....
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