ByteDance

China's gaming regulator on Thursday granted publishing licenses to 86 domestic online games. Gaming titles belonging to Alibaba Group Holding Limited (NYSE: BABA), Baidu, Inc (NASDAQ: BIDU), and TikTok parent ByteDance Ltd made it to the list, Reuters...

Social media app TikTok has faced backlash from members of Congress and parents across the United States. The app has been accused of being a national security threat and failing to protect minors on the site. A new patent filing shows TikTok could be offering a new service soon if it remains...

Key Takeaways: Douyin and TikTok parent ByteDance posted $25 billion in EBITDA last year, beating Tencent and Alibaba The company has lost more than half of its value following repeated attacks on its popular TikTok app in the west By Tina Yip Hong Kong’s frigid office leasing market got a...

As members of Congress push for a ban on TikTok, the social media company is roping in President Barack Obama's former senior advisers and an ex-Disney executive to avoid the ban, according to The Wall Street Journal. TikTok hired Disney's former communications...

The battle for dominance in social media and short-form video content in the U.S. has seen TikTok become one of the biggest apps in the country. TikTok has seen others try to emulate its features and could benefit from a potential ban. But TikTok’s parent company might have a backup plan in...

Last week, TikTok CEO Shou Zi Chew faced intense questioning at a U.S. congressional hearing. Following grilling from the House Energy and Commerce Committee, he received overwhelming support from TikTok users, who have sought to protect it from a ban by the U.S. government.  In fact,...

Florida Sen. Marco Rubio is calling for the immediate ban of TikTok, citing it as a national security risk for America. What Happened: Rubio's concerns stem from TikTok being a social media platform controlled by the Communist Party of China (CCP), putting American users' personal...

TikTok faces a “pivotal” moment as U.S. lawmakers gear up to ban the Chinese-owned short-form video application, said the company’s CEO Shou Zi Chew. What Happened: Chew, who is set to testify before the House Energy and Commerce Committee on Thursday, said that some politicians...

President Joe Biden's administration reportedly demanded that TikTok’s Chinese owners divest their stake in the popular application, failing which it would face a ban in the United States. What Happened: The Committee on Foreign Investment in the U.S., or Cfius,...

ByteDance Ltd, the Chinese parent of TikTok, was valued at $220 billion in a private-market investment by a company controlled by United Arab Emirates spymaster Sheikh Tahnoon bin Zayed Al Nahyan. What Happened: Sheikh Tahnoon acquired a stake, valued in excess of $100 million, from existing...

A Benzinga survey shows where U.S. TikTok users might shift their time and attention if the app, which is owned by Beijing-based ByteDance, is banned. Users were asked, “If TikTok is banned, which platform will you use more?” The results were: Instagram: 38.3% Twitter: 26.3%...

Alibaba Group Holding Limited (NYSE: BABA) consolidated certain operations in its local consumer services segment to cope with increased competition. Alibaba looked to merge its Koubei restaurant review feature into the Amap app, which provides a mobile digital map, navigation, real-time...

China is reportedly acting to take “golden shares” in local units of Alibaba Group Holding Ltd (NYSE: BABA) and Tencent Holdings Ltd (OTC: TCEHY) as part of the government’s efforts to have a greater role in overseeing the country’s large...

The bear market in 2022 was a rough patch for billionaires around the world. Or at least, for their balance sheets. Last year’s annual ranking of the planet’s richest people by Forbes, featured 87 fewer people than in 2021, with the group losing a collective $400 billion on the heels of...

China has enrolled tech giants Alibaba Group Holding Limited (NYSE: BABA) and Tencent Holding Ltd (OTC: TCEHY) to aid its efforts in designing semiconductor chips to reduce its dependence on Softbank Group Corp (OTC: SFTBF) (OTC: SFTBY)-owned Arm. Arm,...