ByteDance

Platform news: TikTok app based in China, US politics

US appeals courts dismiss government’s appeals of TikTok rulings

Two US appeals courts dismissed the Justice’s Department’s legal challenges to court rulings that barred a Trump-era effort to ban new downloads of Chinese-owned video-...

Platform News: Facebook

Facebook and Instagram will invest over $1 billion in content creators

Facebook will spend a cool $1 billion on social media creators through the end of 2022 in a fight for talent. The announcement comes in a week when TikTok became the first rival mo...

Platform Economy: TikTok and US politics

US ask courts to dismiss government appeals of TikTok ruling

The Biden administration has asked two federal appeals courts to dismiss the Justice Department’s legal challenges to court rulings that barred a Trump-era effort to ban new ...

Platform Industry News: TikTok smartphone app video streaming

TikTok tells employees to return to office for three days a week

Popular short-video app TikTok has told its employees that some will be offered the option to work remotely for up to two days a week after they return to office, according to an i...

Platform Industry: ByteDance China company building

TikTok owner ByteDance’s 2020 revenue soars, net loss at $45 billion

TikTok owner ByteDance’s total revenue more than doubled last year to $34.3 billion but its net loss widened to $45 billion, according to a company memo seen by journalists.

Platform News: ByteDance TikTok

TikTok owner ByteDance launches share buyback after shelving IPO plans

ByteDance, the Chinese owner of short video platform giant TikTok, launched a share buyback this week for current and former employees, two people with direct knowledge of the matt...

Platform NewS: China's ByteDance CEO and TikTok apps Founder

ByteDance founder to step down as CEO, hand over to college roommate

Zhang Yiming will step down as CEO of TikTok-owner ByteDance, leaving the task of navigating a rising number of Big Tech regulations worldwide to college roommate, long-time collea...

Bill to ban TikTok on US government devices passes committee

The Senate Homeland Security and Governmental Affairs Committee unanimously passed a bill that would ban federal workers from downloading the popular app TikTok onto US government ...

Platform News: TikTok office building in the US

Italy’s regulator asks TikTok for further action on users aged under 13

Italy’s data protection regulator has said it had asked the viral video-sharing app TikTok to strengthen measures to prevent young users from accessing the platform after the...

Platform News: ByteDance TikTok

TikTok names ByteDance CFO Shouzi Chew as new CEO

TikTok appointed Shouzi Chew, a Singaporean national, as the new Chief Executive Officer of the hot video-sharing platform, the company has said.

Platform Industry: ByteDance China company building

ByteDance says India’s freeze on bank accounts is harassment

ByteDance has told an Indian court that a government freeze on its bank accounts in a probe of possible tax evasion amounts to harassment and was done illegally, according to a fil...

Platform News: viral TikTok video streaming app

Pakistan court lifts ban on social media app TikTok

A high court in Pakistan said the country’s telecommunications authority can lift a block on social media app TikTok, after government officials said the company was working ...

Platform Industry News: TikTok smartphone app video streaming

ByteDance says it is ‘bleeding’ due to India bank account freeze

An Indian court has granted no relief to the developer of TikTok in a case where the company challenged the local tax authority’s decision to block its Indian bank accounts, ...

Platform Industry: ByteDance China company building

India blocks bank accounts of ByteDance, company mounts challenge

Indian authorities have blocked at least two of ByteDance’s bank accounts for alleged tax evasion, prompting it to ask a court to quash the directive that it fears will hit i...

Platform Industry: ByteDance China company building

ByteDance says it will acquire Mooton Technology

China’s ByteDance has said its video games unit Nuverse has agreed to acquire Shanghai-based Mooton Technology, as it seeks to further expand into the video games sector.