ByteDance Financial News

01.08 / 12:49

Platform Tencent ByteDance TikTok social lawmakers Australian Australian lawmakers recommend potential WeChat ban on government devices

WeChat on government devices. Tuesday's report contains 17 recommendations including new transparency rules enforceable by fines, expanding an existing TikTok ban on government devices to contractors and investigating a ban on WeChat on government devices.

11.07 / 19:45

IPO Provident BLOCK ByteDance TikTok TikTok parent ByteDance to allow US staff to cash out on shares: report

ByteDance, the Chinese owner of short video app TikTok, will allow shares of US employees to vest without waiting for the company to list in the stock market, thereby allowing them to cash out, according to people familiar with the matter. The move is aimed at appeasing restless employees who have been waiting for an initial public offering to profit from the shares they have been awarded as part of their compensation. It is also an indication that ByteDance, whose worth in excess of $200 billion makes it the world's most valuable startup, is in no rush to go public amid Beijing's heightened scrutiny of China's technology giants.

06.07 / 20:43

COST ByteDance TikTok ByteDance launches new music streaming service in Brazil, Indonesia

ByteDance, which owns short-video company TikTok, on Thursday said it will launch a new music streaming service in Brazil and Indonesia, as it tries to become a player in that market. The initiative is a new attempt by ByteDance, as the company in a statement said it will stop its existing music streaming service Resso as of Sept.

06.07 / 15:41

UPS BLOCK Platform Enterprise ByteDance TikTok MPs French MPs urge TikTok ban ultimatum

MPs on Thursday called on the government to ban video-sharing platform TikTok unless it clarifies its links to China, days after the government blamed social media for fuelling recent riots. A Senate commission of inquiry set up to probe TikTok's handling of data and «influence strategy» said in its final report that the firm should be given until January 1 next year to come clean or face a ban in France and possibly Europe.

05.07 / 12:21

Blockchain Man Disney Platform Strategy ByteDance Adventure Unveiling MetaCene Apostle NFTs: Your Ticket to a Game-Changing Blockchain Adventure

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

04.07 / 01:03

UPS Provident CEO SoftBank ByteDance Rajeev Misra’s $7 billion fund scouting for India opportunities after debut investment in Shapoorji Pallonji

Misra, who stepped back from his executive role at SoftBank Vision Fund (SVF) a year ago, is open to investing in domestic companies from his new venture, One Investment Management, through debt and equity deals. Misra told ET in an interview that One IM, which currently has a corpus of $7 billion, participated in a debt issue floated by the Shapoorji Pallonji group, making it the fund’s debut in India. The $50 million credit infusion was part of $1.7 billion raised by the Mumbai-based Shapoorji Mistry-controlled group through a bond sale that closed recently.

03.07 / 16:01

Facebook BLOCK Strategy Apple Tesla Tencent ByteDance Zuckerberg’s Quest to Re-Enter China Faces Challenge: His Own Words

Mark Zuckerberg in late 2021 had a question for those working on Meta Platforms’ strategy for its virtual-reality headset: If Apple can sell iPhones in China, and Tesla can sell cars, why can’t we sell our devices there? The question, posed on a video call, led to a push by Meta to restart its China business by selling its Quest headsets in the country, according to a person familiar with the matter, more than a decade after Facebook was blocked there. The company held discussions with several Chinese tech companies and has made progress with videogame powerhouse Tencent Holdings, people familiar with the matter said.

12.06 / 01:23

Booking SUN Platform Strategy ByteDance recovery What one key business indicator is saying about China's consumer recovery

BEIJING — Businesses in China are spending cautiously on advertising this year as local consumption isn't expected to bounce back for a while yet.

24.03 / 11:29

FIVE BLOCK Extreme CEO Remark ByteDance TikTok TikTok wants to distance itself from China — but Beijing is getting involved

BEIJING — China says it would «strongly oppose» a forced sale of TikTok, making clear the government's involvement with the social media giant that's trying hard to distance itself from Beijing authorities.

16.03 / 20:09

UPS Provident JPMorgan Adobe Software ByteDance TikTok Stocks making the biggest moves midday: First Republic, Signet Jewelers, Snap and more

Check out the companies making headlines in midday trading.

16.03 / 16:27

FIVE Digital Adobe Software ByteDance TikTok Baidu Stocks making the biggest premarket moves: Credit Suisse, Snap, Adobe, PagerDuty & more

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07.10 / 13:55

Blockchain Enterprise ByteDance TikTok Tiger Global on a Mission to Raise $6B Tech-Related Fund

Tiger Global Management is on a mission to raise a humongous sum of $6 billion for a new investment fund that invests in privately-held tech firms, according to Axios.

28.09 / 08:31

Software ByteDance NetEase A game about sheep is going viral in China even as gaming regulation remains tight

BEIJING — A new game that's gone viral in China hit people's screens with surprising speed at a time when gaming giants such as NetEase have waited months for approval to launch games.

19.01 / 12:36

Lowe's ByteDance TikTok TikTok owner ByteDance dissolves its investment arm

BEIJING — TikTok owner ByteDance has disbanded its investment department, a company spokesperson told CNBC on Wednesday.

16.12 / 22:13

Blockchain UPS ByteDance TikTok China curbs short-video content on crypto mining, trading, to ‘improve’ content quality

China banning different crypto related activities has been springing up in the news quite often, over the last few months. As it happens, China’s inhibitory stance against crypto continues to show up in the news, even as the year is about to end.

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