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...Most of the group’s business comes from China, where ByteDance runs TikTok sister app Douyin and a growing in-app ecommerce business....
...Among the 18 approved processors were chips from Huawei and state-backed group Phytium. Both are on Washington’s export blacklist....
...Billions of dollars of ByteDance RSUs vested last year after the group, in an effort to appease employees, waived a “liquidity event” trigger for the stock units....
...The group is also building a plant in Mexico that is expected to come online in 2026....
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
...three years spent more than $1.5bn working on “Project Texas”, a corporate restructuring plan to safeguard US user data and content from Chinese influence through a partnership with American cloud software group...
...A version of this article was first published by Nikkei Asia on March 6. ©2024 Nikkei Inc. All rights reserved....
Americans account for 14% of users but their revenue contribution will be higher
...Since then, SIG has put over $3.5bn into more than 350 Chinese start-ups, making Yass’s group among the leading foreign venture capital firms in the country, according to research group ITjuzi....
...Elon Musk made Tesla the world’s most valuable carmaker and one of the “magnificent seven” US tech groups by outflanking incumbents in luxury EVs....
...The group’s bumper profits last year compare with $700mn of net income for 2022 and $1.1bn in 2021....
...Tired of raids by local bandits, the farmers of a poor Mexican village hire a group of gunslingers from across the US border to protect them....
...It was unbelievable,” said Alisha Alaimo, Biogen’s North America head....
...Tesla and Nvidia offer more growth and even higher valuations (although when you scale Nvidia’s valuation to its near-term growth rate, using a PE/growth ratio, it surprisingly looks the cheapest of the group...
...Falling market share and sales figures reported this month indicate the two groups face rising competition and the whiplash of US-China geopolitical tensions....
...The sale to Ithaca — which is majority owned by Israel’s Delek Group — includes British assets that Eni took on with Neptune....
...While Tesla sales growth has been driven by its Model 3 and Model Y cars, the group is not expected to release its next mass-market vehicle until late in 2025....
...The bill would also create a process that would enable the president to take action against social media applications controlled by groups that are headquartered or domiciled in China, Russia, Iran and North...
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...Many globalised Japanese groups have become adept at straddling and navigating the US and Chinese markets even as geopolitics push Washington and Beijing further apart....
...Biden on Wednesday signed a $95bn aid package for Ukraine, Israel and Taiwan that included a measure to tackle what US national security officials view as the threat of Chinese group ByteDance, which owns...
...The Japan Exchange Group, which controls the Tokyo stock market, on Monday publicly named 660 of the 1,656 companies listed on its Prime section as having complied with its request to outline plans to raise...
...TikTok has partnered with US cloud software group Oracle to build a standalone unit to wall off American user data....
...Middleton handled Lehman’s liquidation with “speed and aggression”, the former colleague said, including agreeing to sell its Asia-Pacific franchise to Nomura within days of the bank’s collapse....
...Xiaomi sales surged 34 per cent to attain a 14 per cent market share, as the Beijing-based electronics group experienced a wave of publicity surrounding the debut of its electric car....
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