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
Short video platform TikTok emerged as the most downloaded non-gaming app worldwide for September 2021 with more than 59 million installs.
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
Microsoft in August 2020 began talks on the proposed acquisition but the deal collapsed by September.
This is a great primer in a developing story and highly recommended
Short video platform TikTok, that continues to be banned in India, is adding new warnings to its in-app search that will alert users when results may include "distressing content".
Short video-making platform TikTok's users now spend more time each month watching content than YouTube users, says a new report.
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.
Chinese short-video platform TikTok has overtaken Facebook as the most downloaded social media app in the world, the media reported.
ByteDance is going through a review process and has submitted filings to Chinese authorities, and final guidance is expected from ByteDance by September
The Chinese tech giant, whose apps also include TikTok's Chinese twin Douyin and the news aggregator Toutiao, had kicked off initial preparations for an IPO of its domestic assets
The company is trying to sell the magic formula which made TikTok a huge success. Listen in to know more
China-based ByteDance which is parent company of TikTok, has reportedly started selling the AI technology of the short video-making app to other companies, including in India where the app is banned
It was for the second time that the app has been banned this year after its suspension in March by the Peshawar High Court (PHC), which had taken action on a petition filed by several citizens.
US officials share many of the concerns Trump cited in his order banning TikTok
TikTok owner ByteDance's total revenue more than doubled last year to $34.3 billion but its net loss widened to $45 billion, according to a company memo seen by Reuters
China on Thursday welcomed the US move to drop the Trump-era executive orders to ban its popular apps TikTok and WeChat
US President Joe Biden has signed an executive order revoking the Trump-era bans on Chinese application TikTok and WeChat and signed another executive order to protect US information technology
The Biden administration's move reflects the ongoing concern that Americans' personal data could be exposed by popular apps tied to China
BEIJING (Reuters) - ByteDance, the Chinese owner of short video platform giant TikTok, launched a share buyback this week for current and former employees, two people with direct knowledge of the matter said on Wednesday.