ByteDance
TikTok owner ByteDance on track for US$50 billion profit in 2025
Despite this, growth is likely to be slower than previous years
TikTok says it signed agreements to create new US joint venture
TIKTOK chief executive officer Chew Shou Zi told employees that the social media app’s parent company, ByteDance, signed binding agreements to create a US joint venture majority-owned by American inve...
ByteDance, Alibaba keen to order Nvidia H200 chips after Trump green light: sources
The chip’s ability to train AI models is currently unmatched by domestic equivalents
TikTok to invest more than 200 billion reais in Brazil data centre
The project will fully rely on clean energy from wind energy parks
China’s tech giants move AI model training overseas to access Nvidia chips: report
Alibaba and ByteDance are among the tech firms training their newest large language models in South-east Asian data centres
Chinese regulators block ByteDance from using Nvidia chips, The Information reports
The reported ban underscores Beijing’s efforts to reduce reliance on US technology
TikTok Shop pushes into luxury retail with US$11,000 handbags
Most of the items are used and listed by secondhand resellers
ByteDance’s valuation soars to US$480 billion in share auction
The transaction is a sign of the enduring interest in the company that has created several of China’s most popular digital services
Temasek-backed Manner Coffee seeks Hong Kong IPO, 10 years after starting as tiny stall: sources
The coffee chain now operates more than 2,000 directly owned stores in China
Social media giants must stand trial on addiction claims
META Platforms, ByteDance, Alphabet and Snap must face trial over claims that they designed social media platforms to addict youths, a judge ruled, clearing the way for the first of thousands of cases...
