The U.S. Treasury submitted a revised term sheet to ByteDance late Wednesday to address national security concerns that was agreed to by the Chinese parent of TikTok
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China will need to approve ByteDance's proposed deal with Oracle Corp for its TikTok app, the company has said on Thursday, indicating how its bid to stave off a ban in US could be further complicated
Kuaishou has hired Bank of America, China Renaissance and Morgan Stanley to work on the IPO and is looking to file for the float as soon as the end of October
China's ByteDance has decided to place the headquarters of its popular video platform app TikTok in the US in order to escape President Donald Trump's ban, official media here reported on Wednesday
Trump has ordered ByteDance to divest TikTok amid US concerns that user data could be passed to China's Communist Party government
ByteDance's carefully designed proposal and the shifting views of Mr Trump's advisers indicate how they are more willing to compromise to mitigate an increasingly fractious situation
Microsoft loses out; Chinese media stresses American operations won't be sold to any firm
Oracle Corp confirmed on Monday that it was part of a proposal made by TikTok-parent ByteDance to the US government to become a technology partner for the Chinese firm
Microsoft announced Sunday that its bid to buy TikTok has been rejected
South China Morning Post reported that ByteDance has reportedly informed the US authorities and potential bidders of the decision
Trump has given ByteDance a deadline of mid September to finalise a deal
ByteDance, TikTok's Chinese owner, may need more time to negotiate with suitors after new regulations from Beijing complicated the deal
ByteDance has also stepped up the purchase of servers in global trade and transport hub Singapore to back up US data as a contingency
TikTok owner ByteDance plans to invest billions of dollars and recruit hundreds of employees in Singapore after opting to base its Southeast Asia regional headquarters there
A company source said TikTok had moved some engineers to Singapore from China, starting this year
ByteDance has been looking to pick a buyer so it can finalize a deal by mid-September and comply with Trump's order to divest TikTok's assets
TikTok, which has been downloaded 175 million times in the US and more than a billion times around the world, has filed a lawsuit challenging the crackdown by the US government
The bonus could run into hundreds of millions of yuan, based on ByteDance's hiring advertisements and company sources
China entered the fray on August 28, by revising a tech export control list that experts said would give them regulatory oversight over any TikTok deal