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ByteDance

Senators Urge Biden to Grant TikTok 90-Day Reprieve Amidst Looming Ban

Democratic Senator Ed Markey and Republican Senator Rand Paul have urged President Joe Biden to extend the January 19 deadline for ByteDance to sell TikTok's US assets, reports Reuters. The senators' request comes as the Supreme Court prepares to hear TikTok's legal challenge to the

Trump Meets with TikTok CEO Amidst Impending US Ban

President-elect Donald Trump met with TikTok CEO Shou Chew at Mar-a-Lago on Monday, just weeks before the popular video app is set to be banned in the US over national security concerns, reports Bloomberg. The meeting comes just hours after Trump suggested he would try to reverse the ban, highlighting

Supreme Court to Hear TikTok Ban Challenge on Expedited Basis

The US Supreme Court has agreed to hear TikTok's challenge to a law that would ban the social media app if it isn't sold by its Chinese parent company, scheduling arguments for January 10, reports Bloomberg. This expedited hearing comes after a federal appeals court upheld

EU Opens TikTok Probe Over Romanian Election Interference Fears

The European Commission has launched a formal investigation into TikTok, alleging that the video-sharing platform may have facilitated foreign interference in Romania's recent presidential elections, reports the Wall Street Journal. The probe, announced Tuesday, focuses on TikTok's recommender systems and its handling of political advertisements, as

TikTok Seeks Supreme Court Intervention to Avert US Ban

TikTok is making a last-ditch effort to prevent a US ban, asking the Supreme Court to temporarily block a law that could force its Chinese parent company, ByteDance, to divest the short-video app by January 19, reports Reuters. The Department of Justice, which has deemed TikTok a national security threat

TikTok Canada Unit Challenges Government Shutdown Order

TikTok's Canadian unit has filed an emergency motion with Canada's Federal Court seeking a judicial review of a government order mandating the shutdown of its Canadian operations due to national security concerns. In a statement released Tuesday, TikTok requested the court to overturn the government'

ByteDance's Doubao Chatbot Rockets to Global No. 2

ByteDance's AI chatbot, Doubao, has surged to become the second most widely used AI application globally, fueled by the rapid integration of generative AI into daily life in China, reports Nikkei Asia. The app, launched in June 2023, offers conversational and advisory services through diverse virtual avatars, catering

TikTok Parent ByteDance Valued Itself at $300 Billion

ByteDance, the parent company of TikTok, has assigned itself a valuation of approximately $300 billion in a recent share buyback offer, according to a report by The Wall Street Journal. This valuation, one of the highest in the company's history, comes despite the looming threat of a TikTok
TikTok Parent ByteDance Valued Itself at $300 Billion

ByteDance Seeks Record $9.5 Billion Loan

ByteDance, the Chinese tech giant behind TikTok, is seeking a massive $9.5 billion loan, aiming to secure the largest dollar-denominated corporate facility ever seen in Asia, excluding Japan. This news comes from separate reports by Reuters and Bloomberg. Citigroup, Goldman Sachs, and JPMorgan are reportedly coordinating the loan, structured