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ByteDance Intensifies Video Game Competition Through C4games Acquisition: Reuters
Wednesday, April 14, 2021 - 9:26am | 165TikTok 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...
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ByteDance Ropes In Former Xiaomi Head As Finance Chief: Report
Wednesday, March 24, 2021 - 2:45pm | 400TikTok owner ByteDance Ltd. hired former Xiaomi Corp’s (OTC: XIACF) Chew Shou Zi as its CFO, amid speculations over the company’s initial public offering (IPO), Bloomberg reports. Chew, who supervised Xiaomi’s IPO and smartphone international...
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Glory Star Inks Content Agreement With ByteDance
Tuesday, March 9, 2021 - 11:22am | 271Chinese mobile and online digital media and entertainment company Glory Star New Media Group Holdings Ltd (NASDAQ: GSMG) inked an annual content cooperation agreement with ByteDance Ltd subsidiary Beijing Youzhuju Network Technology Co., Ltd. Youzhuju is the operating...
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Jack Ma Loses Title Of China's Richest Man, Now Ranks Fourth After Ant Group Fallout
Tuesday, March 2, 2021 - 12:18pm | 502A 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...
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TikTok In Negotiations To Go Public On NYSE: Chinese Media
Tuesday, February 16, 2021 - 9:54pm | 438Short-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-...
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SoftBank's Vision Fund To Launch 2 More SPACs, For Total IPO Raise Of $550 Million
Saturday, February 6, 2021 - 1:01pm | 309SoftBank 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...
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Walmart To Sell Its Products Directly On TikTok Through Influencer Live Streams
Friday, December 18, 2020 - 4:57am | 383Walmart 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...
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US Allows Deadline On TikTok Deal To Lapse, Talks To Continue
Saturday, December 5, 2020 - 12:40pm | 497TikTok's future remains murky as the U.S. heads into a new presidential administration still with no final sale. What Happened: The Trump administration did not extend the Friday night deadline for the forced sale of TikTok's U.S. assets, following two previous extentions. But the Treasury...
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TikTok Seeks Extension Of US Deadline On Forced Sale To Oracle, Walmart
Wednesday, November 11, 2020 - 4:37am | 577ByteDance has filed a petition in the D.C. Circuit Court of Appeals to extend the Nov. 12 deadline of a forced sale to Walmart Inc (NYSE: WMT) and Oracle Corporation (NYSE: ORCL), the Wall Street Journal reports. What Happened: The TikTok...
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Fastly Analysts Have More Questions Than Answers Amid Q3 Warning
Thursday, October 15, 2020 - 4:05pm | 405Analysts are out with their reaction to Fastly Inc's (NYSE: FSLY) preliminary third-quarter earnings and the subsequent 30% drop in share price. Credit Suisse analyst Brad Zelnick maintains an Outperform rating on Fastly and lowers his price target from $110 to $100. Raymond James...
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Never Break The Chain: Fleetwood Mac Downloads Surge After Viral TikTok Video
Monday, October 5, 2020 - 12:27pm | 726"Dreams" is making money for Stevie Nicks even while she's in isolation. A viral TikTok video has Fleetwood Mac surging up the music charts and has provided some free publicity for Ocean Spray. What Happened? A TikTok clip showing a longboarding man drinking Ocean Spray...
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TikTok Awaits Judge Ruling After Sunday Morning Hearing
Sunday, September 27, 2020 - 2:46pm | 656A federal ruling is expected to be announced tonight on whether downloads of the video-sharing app TikTok will be banned throughout the U.S. A hearing took place Sunday morning at 9:30 a.m. EST before U.S. District Judge Carl Nichols in Washington. During the ninety-minute...
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Delay TikTok Ban Or Defend By Friday, Judge Tells Trump Administration
Friday, September 25, 2020 - 1:29am | 475TikTok may have secured legal respite against the ban on its U.S. operations after U.S. District Judge Carl Nichols on Thursday asked President Donald Trump's administration to either file a response to TikTok's injunction by 2:30 p.m. ET Friday, or delay the ban that goes into effect...
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TikTok Parent Puts Ball In China's Court — Says Will Abide By Tech Export Rules
Thursday, September 24, 2020 - 1:15am | 490ByteDance has applied for an export license from China's regulator, as it moves ahead with a deal involving Oracle Corporation (NASDAQ: ORCL) and Walmart Inc (NYSE: WMT) taking 12.5% and 7.5% stake respectively in subsidiary TikTok Global's U.S. operations, reports CNBC. What Happened:...
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How Trump's Chinese Tech Crackdown Could Impact 'Fortnite,' 'League of Legends'
Tuesday, September 22, 2020 - 4:48pm | 635The ongoing saga between China and the United States over how data collected is now shifting from TikTok to gaming companies. What Happened: Chinese gaming companies are being scrutinized by the U.S. government, according to a Thursday Bloomberg report. Tencent (Pink: TCEHY), the world...