ByteDance

Elon Musk saw his wealth soar in 2021 with the rising price of Tesla Inc (NASDAQ: TSLA) shares and the private valuation given to SpaceX. At one point in 2021, Musk was worth as much as all the MLB, NBA, NFL and NHL teams combined. Here’s a look at how quickly Musk could become a...

TikTok, the popular video app owned by China’s ByteDance, said it was suspending live streaming and the addition of new content to its video service in Russia. What Happened: The company attributed its move to Russia’s new “fake news” law, which was signed by President...

During a U.S. congressional hearing on Tuesday, TikTok denied sharing any data with the Chinese government and said it had taken steps to safeguard the data. Former U.S. President Donald Trump had sought to bar TikTok from U.S. app stores, saying it collected data from American users that China...

Elon Musk may have been reluctant to take his SpaceX public, but his space venture has reportedly reached a milestone in terms of valuation. What Happened: SpaceX was founded by Tesla, Inc.'s (NASDAQ: TSLA) Musk in 2002 with the objective of making space travel cheaper and...

ByteDance, the owner of the short video platform TikTok, is aiming to go public with a listing in Hong Kong by early 2022, the Financial Times reports. The company is planning for the IPO either in the fourth quarter of this year or early 2022, FT reports citing sources. In April, ByteDance said...

TikTok is one of the most popular apps for the Gen Z market. As the platform continues to grow and launch new products, new entries from the company and a third-party company are bringing new items to TikTok. Employee Recruitment: TikTok could be launching a jobs service for the Gen Z market soon....

TikTok and Douyin parent, ByteDance, has dismissed its initial public offering (IPO) plans, for the time being, South China Morning Post reports. ByteDance reached a $400 billion valuation in the private market, almost tripling its $140 billion valuation post a March 2020 fundraising....

TikTok and Douyin parent ByteDance’s gaming unit Nuverse has acquired C4games to intensify the video game business competition with Tencent Holdings Ltd (OTC: TCEHY), Reuters reports. The financial terms of the transaction were not disclosed. Nuverse agreed...

A crackdown on fintech in China has hurt the valuation of one of the country's larger companies, and led to changes in the ranking of China's wealthiest people.  What Happened: Jack Ma, the co-founder of Alibaba Group Holding (NYSE: BABA), is no longer the richest person in China...

Short-form video app TikTok is reportedly in negotiations to list on the Intercontinental Exchange Inc (NYSE: ICE)-owned New York Stock Exchange. What Happened: The ByteDance-owned Chinese social media company is holding preliminary talks to list on the NYSE, as per a tweet from the state-...

SoftBank Group Corp (OTC: SFTBY) is planning to launch two more SPACs. What Happened: The two SPACs aim to raise a total of $550 million in their IPOs, Reuters reported, citing regulatory filings. SVF Investment Corp 2 would offer 20 million shares and warrants, and SVF Investment Corp 3 would...

Walmart Inc (NYSE: WMT) said TikTok users can directly buy its products during live streams on the short-form video app. What Happened: The Arkansas-based retail giant said in a statement Thursday that TikTok users in the United States can shop for “fashion items featured in content from some...