Page 5 - Bytedance

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

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