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ByteDance

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