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1 min read
ByteDance's billionaire co-founder Zhang Yiming steps down as chairman following company reshuffle: reports
This comes on the heels of news of a major company reshuffle, including TikTok CEO Shou Zi Chew ste…
Huileng Tan
2 mins read
TikTok's parent ByteDance reportedly took Instagram and Snapchat content without consent to train its personalization algorithm and to pursue growth at any cost: report
ByteDance started this practice in 2017 to try to rapidly boost the popularity of TikTok's predeces…
Weilun Soon
2 mins read
ByteDance is giving its 60,000 employees cash bonuses after working 'endless hours' amid TikTok ban 'noise'
The bonuses are to "thank everyone for their efforts and dedication" as ByteDance and TikTok face c…
Paige Leskin,Kate Duffy
1 min read
ByteDance is looking outside of the US for its new TikTok headquarters
ByteDance said it's "evaluating the possibility of establishing TikTok's headquarters outside of th…
Paige Leskin,Reuters
1 min read
TikTok owner ByteDance reportedly hit $3 billion in net profit in 2019
ByteDance pulled in $17 billion in revenue in 2019, more than double what it made in 2018.
Isobel Asher Hamilton
1 min read
TikTok parent ByteDance is reportedly in talks for $4 billion worth of loans as IPO faces regulatory headwinds
The bank loans come as a regulatory crackdown on China's technology sector casts a shadow over Byte…
Emily Graffeo
2 mins read
Trump takes another swing at TikTok with a new executive order seeking to force parent company ByteDance to sell the viral video app
Trump's new declaration seeks to invalidate ByteDance's purchase of Musical.ly, the precursor to Ti…
Tyler Sonnemaker
2 mins read
TikTok owner ByteDance rejected Microsoft's bid for the app's US operations and is said to have chosen Oracle as its US 'technology partner'
Several news outlets reported ByteDance had named Oracle as a US partner, though the company's bid …
Lauren Frias
2 mins read
Some US investors of Bytedance, including Sequoia Capital, are reportedly considering buying a majority stake in TikTok
The possible deal, reported by The Information, comes as Bytedance grapples with a potential US ban…
Katie Canales
2 mins read
A US trading firm reportedly owns 15% of TikTok-owner ByteDance, a stake potentially worth more than $15 billion
US trading firm Susquehanna reportedly owns 15% of TikTok-owner Bytedance - a stake potentially wor…
Kate Duffy
1 min read
A deal between TikTok and US-based Oracle will need Beijing's approval, the app's owner ByteDance said
ByteDance's proposal to make US tech firm Oracle a partner of TikTok, its short video app, is subje…
Kate Duffy
2 mins read
Critics in China reportedly called ByteDance CEO Zhang Yiming an 'American apologist' as talk of Microsoft's potential TikTok acquisition picks up steam
Online critics said Yiming was a 'coward' after the CEO confirmed ByteDance was discussing a deal w…
Katie Canales
2 mins read
TikTok owner ByteDance may reportedly scrap plans for a blockbuster global IPO and just list its Chinese business at home instead
ByteDance has been in talks with Hong Kong Exchanges and Clearing (HKEX), two people told Reuters F…
Saloni Sardana
1 min read
ByteDance is cutting down its 2,000-person team in India, where TikTok is still banned
The job cuts at ByteDance, which owns TikTok, follow India's decision to retain its ban TikTok and …
Kate Duffy,Reuters
1 min read
ByteDance would rather close down TikTok in the US than sell it if it fails to fight potential US ban in court, report says
A sale is unlikely as the algorithms powering the short-video app are key to ByteDance's overall op…
Rebecca Rommen
2 mins read
TikTok's parent company reportedly saw $5.6 billion in revenue during the first three months of 2020
This figure represents 130% growth in revenue year-over-year for ByteDance, which reportedly is wei…
Paige Leskin
1 min read
TikTok's owner is pushing back against China's notorious '996' work culture by telling staff to log off by 7pm, reports say
TikTok's owner ByteDance told staff in China that they should work no later than 7 p.m. unless give…
Kate Duffy
3 mins read
TikTok's Chinese owner contradicted 2 of Trump's key boasts about its deal with Walmart and Oracle
Trump said the newly formed TikTok Global will have "nothing to do with China" and pay $5 billion t…
Isobel Asher Hamilton
2 mins read
TikTok owner ByteDance has reportedly canceled its upcoming IPO as China cracks down on tech companies
ByteDance had been valued at $180 billon in a round of funding in December, the Wall Street Journal…
Carla Mozée
1 min read
TikTok owner ByteDance slashes thousands of jobs
TikTok's China-based owner ByteDance has laid off hundreds of workers across multiple departments, …