ByteDance

TikTok’s new CEO brings Hollywood connections, ByteDance loyalty

Presser does not have a background in politics, but his new role is likely to thrust him into Trump’s orbit

TikTok is used by more than 200 million Americans.

US lawmakers say TikTok joint venture deal needs scrutiny from Congress 

Some US lawmakers on Friday (Jan 23) said a deal by TikTok’s Chinese owner ByteDance to establish a majority American-owned joint venture (JV) to avoid a US ban on the social media app needs scrutiny ...

TikTok Vietnam says the company has “begun implementing adjustments” in line with the authority’s recommendations.

Vietnam fines TikTok for violating government data consent rules

The company has no mechanism enabling consumers to opt out of having their information used for commercial activities such as advertising

A consortium that includes Oracle, Silver Lake and Emirati investment firm MGX will acquire a 50% stake in a TikTok US joint venture, while the platform’s Chinese parent company ByteDance keeps a 19.9% stake.
THINKING ALOUD

The US’ American-ish TikTok awaits

Even as platforms splinter further for users, corporations remain bound by geopolitical ties

TikTok will partner with fact-checking organisations to validate political claims and its in-house monitoring staff will remove disinformation and misinformation.

TikTok blocks Thai politicians from paying for ads before elections

There are about 50 million TikTok users in Thailand – almost as many as the 53 million people eligible to vote

Kuaishou has regained investor favour largely because of Kling, the rare consumer-facing AI app that’s yielding steady revenue.

AI video generation leads China’s Kuaishou to 84% stock surge

The company has projected US$140 million in annual revenue for 2025 from AI video

Despite Washington’s scrutiny, TikTok has expanded globally at a rapid clip - including in the US.

TikTok owner ByteDance on track for US$50 billion profit in 2025

Despite this, growth is likely to be slower than previous years

TikTok CEO Chew Shou Zi said the social media company has signed agreements with Oracle Corp, Silver Lake and MGX.

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...

Elite Chinese universities, data centre firms, and entities affiliated to China’s military have sought to procure Nvidia's  H200 chips through grey-market channels.

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 is deepening ties in Brazil as the company has failed thus far to come up with a plan to save its service from being blocked in the US.

TikTok to invest more than 200 billion reais in Brazil data centre

The project will fully rely on clean energy from wind energy parks