ByteDance Financial News

TikTok owner ByteDance on Wednesday released an update to its flagship AI model aimed at challenging Microsoft-backed OpenAI's latest reasoning model products, as a global race intensified to create AI models capable of tackling complex problems.

TikTok remained unavailable on Apple and Google app stores in the U.S. on Tuesday, a day after President Donald Trump signed an executive order delaying the enforcement of a ban on the popular Chinese-owned short-video app by 75 days.

BEIJING — Chinese Vice Premier Ding Xuexiang warned there are «no winners» in a trade war, as the world's second-largest economy faces the possibility of tariffs under the freshly-inaugurated administration of Donald Trump.

Subscribe to enjoy similar stories. President Donald Trump will be tested early after having taken charge of the Oval Office in the US White House. Last week, the Supreme Court upheld a federal law requiring the popular social media app TikTok to be divested in favour of non-Chinese ownership by its China-based parent company, ByteDance, or be banned.

Subscribe to enjoy similar stories. SINGAPORE—China suggested it was willing to work with Donald Trump to keep TikTok operating in the U.S. The Chinese Foreign Ministry said Monday that companies can make their own decisions on operations and acquisitions, a reversal of the government’s previous position that it would block any forced sale of TikTok.

TikTok restored US services after Donald Trump pledged to delay enforcement of a ban. Yet it’s not clear whether the app’s Chinese parent is able — or willing — to secure a US backer in time to avoid a permanent shutdown.

TikTok users who logged on for a late-night scroll were met with an unwelcome notice that their beloved app had been banned and shut down.

U.S. Supreme Court on Friday ruled against TikTok's bid to avoid a ban that could shut the app down.

national security grounds took effect on Sunday, but a day before his inauguration, President-elect Donald Trump said «SAVE TIKTOK!» in a Truth Social post.

Donald Trump said on Sunday he will issue an executive order when he takes office on Monday that would let TikTok be operational, while adding he would like the U.S.

TikTok ceased operations for its 170 million American users, following the enforcement of a new law banning the app in the United States. The law, which was passed by Congress and upheld by the U.S. Supreme Court, mandates that ByteDance, TikTok’s Chinese parent company, divest its stake in the platform or face a nationwide ban. The concerns surrounding TikTok stem from its data collection practices and the fear that the app could be used by the Chinese government for surveillance or propaganda purposes.

Subscribe to enjoy similar stories. The closure of the app disrupted millions of American businesses and social-media entrepreneurs. TikTok started going dark for 170 million American users in an unprecedented display of the U.S.-China divide over technology and national security.

TikTok kept influencers and users in anxious limbo during the four-plus years that lawmakers and judges debated the fate of the video-sharing app. Now, the moment its fans dreaded is here, but uncertainty over TikTok's future lingers.

TikTok US Ban Live Updates: Popular video-sharing platform TikTok is likely to go dark in the US on Sunday after a decision by the US Supreme Court unanimously upheld a bipartisan federal law giving TikTok time till 19 January to cut ties with its Chinese parent ByteDance or face a ban in the US ByteDance has said that TikTok will go dark in the US if the Joe Biden administration does not provide assurances to companies like Apple and Google about not facing enforcement action for hosting the short video app.Notably, incoming US President on Saturday signalled hope for ByteDance as he said that he would ‘most likely’ give TikTok a 90 day reprieve when he takes office on Monday. TikTok US Ban Live Updates: While many names have emerged in the race to take control of TikTok US, including billionaire Frank McCourt, Shark Tank investor Kevin O’Leary and former Treasury secretary Steven Mnuchin, ByteDance has publicly stated that it will not sell TikTok US.

Perplexity AI asked TikTok's Chinese parent company, ByteDance, on Saturday to allow the U.S. search engine startup to merge with TikTok U.S. and create a new entity combining them and New Capital Partners, CNBC reported.

Donald Trump on TikTok, the social media app owned by Chinese company ByteDance, can give clues to his foreign policy which at this stage is propped up by threats of high tariffs against other countries.

Donald Trump's inauguration ceremony, unless the administration steps in to offer critical assurances to service providers. The company’s announcement comes after a Supreme Court ruling upheld a law mandating that TikTok be sold off from its Chinese parent company, ByteDance, by January 19.

Subscribe to enjoy similar stories. The disappearance of TikTok threatens to erase billions of dollars from the U.S. economy and remove an important platform used by millions of American businesses and social-media entrepreneurs to connect with customers.

ByteDance, or shut down its US operations.