But denies info goes to the Communist Party of China
Short-video-making app TikTok's parent company ByteDance is most likely preparing to join the virtual reality (VR) space, media reports say
TikTok, which is owned by China's ByteDance, also plans to roll out gaming more widely in Southeast Asia
Curbs on investment by Chinese investors a major roadblock
Gao has advised on ByteDance's acquisitions of Musical.ly, which was later integrated into TikTok, and Shanghai-based gaming studio Moonton
TikTok's owner is dissolving the internal venture capital and investing team that makes bets on promising startups, people familiar with the matter said
Short video platform TikTok has announced that it is changing 'For You Page' algorithm to "avoid showing users too much of the same content".
The new investments, part of ShareChat's third funding round this year, was led by Alkeon and saw participation from Singapore's Temasek Holdings and Moore Strategic Ventures, among others.
China-based ByteDance, which is the parent company of short-video making app TikTok, is quitting its edtech business in India
New CEO Liang Rubo has replaced Zhang on the five-member board, according to sources
ByteDance founder Zhang Yiming had announced his resignation as chief executive officer in May
This is the biggest organizational change since ByteDance co-founder Zhang Yiming said in May he would step down as CEO
Senators at the hearing also voiced concerns that TikTok and rivals YouTube, owned by Alphabet Inc , and Snapchat have algorithms that can be harmful to young people
The US investment firm sought to sell the stake at a price that valued ByteDance north of $400 billion, but it was unsuccessful and has since lowered the offer
It's also considering making short videos from ByteDance's Douyin - TikTok's Chinese cousin - show up in searches
Social media giant Facebook in comparison in the second quarter had 3.51 billion monthly users across its family of apps, up from 3.45 billion in the first quarter
This is a great primer in a developing story and highly recommended
The government has accused a handful of companies of employing blocking and other methods to protect their respective spheres
ByteDance, the owner of TikTok, said it would shrink its financial services unit and that it planned to sell its stock broking operations amid China's tightening grip on the fintech sector
TikTok has launched a new creative toolset called TikTok Effect Studio that will allow its own developer community to build augmented reality (AR) effects for the platform.