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What you should know about the owners of US TikTok

ByteDance, TikTok’s Chinese parent company, recently established a separate American entity to run the app’s U.S. operations. This restructuring aims to separate U.S. TikTok from its Chinese parent, ...

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TikTok finalizes deal, creates US venture

TikTok said Thursday that it has established a new U.S. venture as part of an agreement to allow the popular social media platform to continue operating in the U.S. The deal brings to a close a ...

REUTERS 2020-09-16T02:46:23+00:00

U.S. lawmakers raise questions about proposed Bytedance-Oracle deal

U.S. lawmakers of both major parties voiced skepticism about a proposed deal between Oracle and China's Bytedance that appears to stop short of a full sale of Bytedance's popular social media app TikTok to a U.S. firm as demanded by President Donald Trump.

REUTERS 2022-01-21T04:48:46+00:00

ByteDance's lukewarm 2021 presages a bleak 2022

If ByteDance had a tough 2021, the year ahead looks even more bleak. The TikTok parent grew annual sales 70% to $58 billion, Reuters reported , citing sources. Granted, that sounds impressive, but it’s slower than the triple digit pace in the previous year and comes mostly from its home market where the business is set for a tough 12 months or more.

REUTERS 2024-03-15T19:15:28+00:00

TikTok ban bill: What we know about Tiktok's Chinese owner

The U.S. House of Representatives overwhelmingly passed a bill this week that would give TikTok's Chinese owner ByteDance about six months to divest the U.S. assets of the short video app, or face a ban, in the greatest threat to the app since the Trump administration.

REUTERS 2023-11-17T14:58:05+00:00

Apple files legal challenge to EU's Digital Markets Act

Apple has filed a legal case contesting decisions taken by the European Commission under its recently-introduced Digital Markets Act, according to a post shared by the Court of Justice of the European Union on X.

REUTERS 2022-12-28T00:41:13+00:00

E-commerce will go viral on social media in 2023

One of China’s biggest exports in 2023 will be its social e-commerce phenomenon. TikTok, YouTube and Amazon.com are among the companies rolling out features that blend online sharing and shopping. The latest craze also is destined to run into some limitations.