ByteDance, the owner of popular short-video app TikTok, said it has acquired a Chinese third-party payment service UIPay in a bid to leverage its domestic payment capability
Some speculations surrounding the sale of TikTok's US operations may soon come to an end as the short video-sharing platform owned by Chinese unicorn ByteDance has reportedly reached a deal.
New entrants to the blue-chip index, Salesforce.com Inc , Honeywell International Inc and Amgen Inc , slipped between 0.3% and 1.2%
TikTok owner ByteDance has said it will abide by the new rules set by China for technologies that are subject to export bans or restrictions
Permits required for overseas transfers to 'safeguard national economic security'
It can take up to 30 days to obtain preliminary approval to export the technology
The TikTok spokesman said Centricus and Triller had not contacted the company about an offer. Centricus and Triller could not be immediately reached for comment
"I can assure you that we are developing solutions that will be in the interest of users, creators, partners, and employees," ByteDance Chairman said
Beyond losing a CEO, Mayer's departure bruises TikTok's makeover into an American company that's not beholden to the Chinese government
Mayer told employees at TikTok and ByteDance, which controls the app, of his decision to leave on Thursday, people briefed about the matter said
TikTok has been banned by India along with 58 other Chinese-owned apps in July in response to escalating border tensions between the two countries
TikTok says that just because its parent, ByteDance Ltd., is based in Beijing, that doesn't exclude the app from being fully protected by the Constitution just like any American company
ByteDance has been in talks to divest TikTok's North America, Australia and New Zealand operations to potential acquirers, including Microsoft Corp and Oracle Corp
"We do not take suing the government lightly but with the Executive Order threatening to bring a ban on our US operations ... we simply have no choice," TikTok said
India has been banned TikTok but ByteDance Ltd, the Chinese company that owns the app, hasn't cut jobs
TikTok, which has been under scrutiny over its content moderation practices, in March named the initial members of a content advisory council, to give advice on its policies and evaluate the actions
Trump ordered ByteDance last week to divest TikTok's US operations within 90 days
Trump went further on Friday, ordering ByteDance, the Chinese owner of TikTok, to give up its American assets and any data that TikTok had gathered in the United States
Trump's latest move comes on top of an executive order he issued last week that would prohibit certain transactions with TikTok unless ByteDance divests it within 45 days
BaBe said it disagreed with the claims and that it moderates content according to its community guidelines and in line with Indonesia's local laws