Bytedance

ByteDance surges 30% to match Tencent's $80 bn sales after TikTok boom

That pace of expansion underscores the resilience of ByteDance's business at a time Washington is threatening to join India in banning TikTok

What is Lemon8 and how it linked with under-fire short video app TikTok

Lemon8: Marketing itself as a 'content sharing platform with a youthful community', the app lets users make longer blog-like posts about topics such as fashion, fitness, travel and cooking

Will move forward with bill to block TikTok: US House Speaker McCarthy

Taking to his official Twitter handle, McCarthy called it "very concerning" that the TikTok CEO can't be honest and admit that China has access to TikTok

As Tiktok faces heat, CEO says will never share US user data with China

Chew, who appeared before dozens of House Energy and Commerce Committee members late on Thursday, offered reassurances that the company would enhance privacy

TikTok CEO Shou Chew set to enter a Washington fight he can't win

The mobile app's 150 million users in the US and the strength of its content-recommendation engine mean any infraction is viewed as a potential societal threat

TikTok sends influencers to Washington as troubles grow amid possible ban

TikTok is ramping up a public relations campaign to fend off the possibility of a nationwide ban by the Biden administration, and it's bringing some unconventional advocates to help: online influencers. Dozens of TikTok creators some with millions of followers on the video-sharing app came to Capitol Hill on Wednesday to lobby in favour of the platform, one day before lawmakers are slated to grill the company's chief executive about concerns over user data falling into the hands of the Chinese government. Shou Zi Chew plans to tell Congress on Thursday that TikTok, which was founded by Chinese entrepreneurs, is committed to user safety, data protection and security, and keeping the platform free from Chinese government influence. He will also answer questions from U.S. lawmakers worried about the social media platform's effects on its young user base. At the heart of TikTok's trouble is a Chinese national intelligence law that would compel Chinese companies to fork over data to th

TikTok CEO plans to tell Congress app is safe to use, urge against ban

TikTok's CEO plans to tell Congress that the video-sharing app is committed to user safety, data protection and security, and keeping the platform free from Chinese government influence. Shou Zi Chew is due to answer questions on Thursday from US lawmakers concerned about the social media platform's effects on its young user base and possible national security risks posed by the popular app, which was founded by Chinese entrepreneurs. Chew is sticking to a familiar script as he urges officials against pursuing an all-out ban on TikTok or for the company to be sold off to new owners. TikTok's efforts to ensure the security of its user data, including a USD 1.5 billion project to store the information on Oracle servers in the US and allow outside monitors to inspect its source code, go above and beyond what any of its rivals are doing, according to Chew's prepared remarks released ahead of his appearance before the US House Committee on Energy and Commerce. No other social media ...

TikTok CEO warns users about ban ahead of US Congress hearing on March 23

Shou Zi Chew, the CEO of Chinese short-form video platform, which faces a nationwide ban in the US, has warned users as he prepares to appear before the US Congress on March 23

TikTok dismisses reports saying US wants Chinese owners to divest

TikTok was dismissive of reports that the Biden administration was calling for its Chinese owners to sell their stakes in the popular video-sharing app, saying such a move wouldn't help protect national security. The company was responding to a report in The Wall Street Journal that said the Committee on Foreign Investment in the U.S., part of the Treasury Department, was threatening a U.S. ban on the app unless its owners, Beijing-based ByteDance Ltd., divested. "If protecting national security is the objective, divestment doesn't solve the problem: a change in ownership would not impose any new restrictions on data flows or access," TikTok spokesperson Maureen Shanahan said. "The best way to address concerns about national security is with the transparent, U.S.-based protection of U.S. user data and systems, with robust third-party monitoring, vetting, and verification, which we are already implementing." The Journal report cited anonymous "people familiar with the matter." The .

US demands TikTok owner ByteDance sell stakes or face ban: Report

TikTok's owners may retain some form of ownership but through a passive structure

TikTok leadership considers splitting from ByteDance if deal with US fails

A divestiture, which could result in a sale or IPO, is considered a last resort, to be pursued only if the company's existing proposal with national security officials doesn't get approved

TikTok owner ByteDance slashes thousands of jobs across multiple depts

The New Year will now be critical for ByteDance, as it faces political uncertainties amid national security concerns over TikTok in the US

Tiktok employees 'improperly accessed' data of two journalists: ByteDance

ByteDance, the Chinese parent company of popular video app TikTok, said on Thursday that some employees improperly accessed TikTok user data of two journalists and were no longer employed by the compa

TikTok brings adult-only streams, raises age requirement for going live

Currently, people must be aged 16 or over to host a LIVE. From November 23, the minimum age will increase from 16 to 18

ByteDance-owned TikTok inching toward US security deal to avoid sale

US lawmakers and TikTok are hammering out a plan, under which the short-form video app would make changes to its data security and governance without requiring its parent firm ByteDance to sell it

TikTok sees significant growth in daily news consumption on its platform

Additionally, women make up a greater portion of regular news consumers on Facebook, while the opposite is true for sites like Twitter and Reddit

ByteDance to buy back $3-billion shares after IPO stalls, says report

The offered price per share of just under $177 gave the company an implied valuation of $300 billion

ByteDance lays off hundreds of employees from video gaming vertical: Report

ByteDance is also reportedly slashing jobs at Jiangnan Studio, its game development studio in Hangzhou district

300 TikTok, ByteDance employees worked for Chinese state media: Report

At least 300 employees of TikTok and its parent company ByteDance employees worked for the Chinese state media publications, and more than a dozen still do, the media reported.

China govt asked TikTok for stealth propaganda account, says report

The attempt, which met with push-back from TikTok executives, highlights the internal tensions within the fast-growing social media app, owned by Beijing-based ByteDance Inc