Page 5 - Bytedance

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

TikTok draws ire after admitting Chinese staffers can access US user data

But denies info goes to the Communist Party of China

TikTok's parent company ByteDance likely to join VR space, says report

Short-video-making app TikTok's parent company ByteDance is most likely preparing to join the virtual reality (VR) space, media reports say

TikTok plans to push app into gaming, conducts tests in Vietnam: Report

TikTok, which is owned by China's ByteDance, also plans to roll out gaming more widely in Southeast Asia

Unicorns staring at fund woes, drop in valuation amid Covid-19 outbreak

Curbs on investment by Chinese investors a major roadblock

TikTok owner ByteDance appoints lawyer Julie Gao as new CFO; to join in May

Gao has advised on ByteDance's acquisitions of Musical.ly, which was later integrated into TikTok, and Shanghai-based gaming studio Moonton

ByteDance cuts investment arm as deal curbs chill China tech

TikTok's owner is dissolving the internal venture capital and investing team that makes bets on promising startups, people familiar with the matter said

TikTok to tweak its 'For You Page' algorithm to avoid problematic content

Short video platform TikTok has announced that it is changing 'For You Page' algorithm to "avoid showing users too much of the same content".

India's ShareChat raises $266 million for valuation of $3.7 billion

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.

TikTok owner ByteDance to shut edtech business in India, says report

China-based ByteDance, which is the parent company of short-video making app TikTok, is quitting its edtech business in India

ByteDance founder Zhang Yiming steps down as chairman to focus on TikTok

New CEO Liang Rubo has replaced Zhang on the five-member board, according to sources

ByteDance founder Zhang Yiming steps down as chairman to focus on TikTok

ByteDance founder Zhang Yiming had announced his resignation as chief executive officer in May

ByteDance to reorganise into six units, CFO steps down to focus on TikTok

This is the biggest organizational change since ByteDance co-founder Zhang Yiming said in May he would step down as CEO

TikTok tells US lawmakers it does not give information to China's govt

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

Top ByteDance investor to weigh $500-million stake sale during crackdown

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

China likely to allow rivals access Tencent, ByteDance content

It's also considering making short videos from ByteDance's Douyin - TikTok's Chinese cousin - show up in searches

TikTok surpasses 1 billion monthly active users; US, Europe biggest market

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