ByteDance

The TikTok crackdown bill, which has been approved by the House of Representatives, is now heading to the Senate. Eric Jackson has warned of potential retaliation, with Apple Inc (NASDAQ:AAPL) and Tesla Inc (NASDAQ:TSLA) possibly being targeted. What Happened: The bill, if passed by the Senate and...

Amid the looming ban on TikTok, billionaire entrepreneur Mark Cuban gave the example of Elon Musk and X while voicing his opinion on social media platforms and their obligations towards underage users. What Happened: On Wednesday, Cuban took to X, formerly Twitter, to express his views on the...

In a bid to thwart the potential ban of TikTok in the U.S., the platform has enlisted its influential content creators to lobby Congress. What Happened: TikTok, owned by ByteDance, has deployed its top influencers to Washington to persuade lawmakers to reject a bill that could lead to the sale...

Legislation aiming to ban TikTok in the U.S. or force its sale was rapidly progressing through the House, signaling the potential shutdown of the popular app. Lawmakers cited concerns over data sharing with the Chinese government and potential propaganda dissemination. See Also: Is TikTok...

In a significant development on Capitol Hill, a key committee has taken a step that could lead to the prohibition of the popular social media app TikTok in the United States. What Happened: The House Energy and Commerce Committee has united across party lines to move forward a bill that may result...

Universal Music Publishing Group (UMPG) has announced that as of March 1, its catalog of approximately four million songs is no longer actively licensed for use on TikTok. This decision follows the expiration of UMPG's license for approximately three million recordings on TikTok on Feb. 1,...

TikTok founder Zhang Yiming has revealed that he idolizes Tesla co-founder and CEO Elon Musk, eliciting a positive response from the richest person in the world. What Happened: Yiming revealed that although there are a lot of successful entrepreneurs around the world, he thinks Musk is able to not...

The Attorney General of Iowa has initiated a lawsuit against the widely popular video-sharing social media app TikTok, accusing the platform of misleading parents regarding the extent of inappropriate content accessible to young users. What Happened: The lawsuit was lodged by Attorney General...

In a significant development, ByteDance, the company behind the popular social media platform TikTok, is reportedly engaged in discussions to sell its gaming assets to Tencent (OTC:TCEHY). What Happened: ByteDance is in conversation with potential buyers for its gaming assets, Reuters reported on...

Alibaba Group Holding Limited (NYSE: BABA) stock is trading lower Monday amid reports of its intentions to reduce its orders of Nvidia Corp's (NASDAQ: NVDA) chips compared to its original plans when Nvidia offered its now-restricted products.  The reluctance from...

ByteDance Ltd-owned TikTok is reportedly planning a massive expansion of its U.S. e-commerce business. The Chinese social media powerhouse aims to reach revenues of $17.5 billion, posing a unique threat to the e-commerce behemoth Amazon.com Inc (NASDAQ:AMZN). What Happened: Insiders revealed that ...

In a surprising move, Chinese e-commerce behemoth JD.com Inc (NASDAQ:JD) has disclosed plans for significant salary increments for its workforce in 2024, notwithstanding a volatile Chinese consumer market. What Happened: JD.com is set to nearly double the fixed salaries of its procurement, sales,...

Sam Altman-led OpenAI has suspended TikTok-parent ByteDance for using GPT to train its own competing AI model to create the "ChatGPT of China." What Happened: ByteDance admitted to using OpenAI's GPT to train a competing AI model in China, violating the developer license of Microsoft Corp. (NASDAQ:...

JD.Com, Inc (NASDAQ: JD) founder Richard Liu called for significant changes within his company, echoing a similar sentiment recently expressed by Alibaba Group Holding Ltd (NYSE: BABA) founder Jack Ma.  Liu responded to an employee's post on a JD.com forum,...

TikTok, a subsidiary of ByteDance Ltd., is set to inject $1.5 billion into a partnership with Indonesia’s GoTo Group. This collaboration, announced on Dec. 11, 2023, will enable the Chinese social media behemoth to relaunch its shopping application in its primary online retail market. What...