Home Topics Bytedance
The Trump administration has once again extended the deadline for ByteDance to sell video sharing platform TikTok’s business in the US, Reuters reported. The Committee on Foreign Investment in the United States (CFIUS) has given China-based ByteDance until December 4th to either sell or spin out its US business, according to a court filing. CFIUS reportedly granted the extension “to allow time to review a revised submission” that it recently received.
TikTok asked a Washington court Tuesday to stop an order from US President Donald Trump’s administration from taking effect this week as the White House seeks to ban the Chinese-owned app in the United States.
The administration of United States President Donald Trump has put on hold an effort to blacklist Ant Group Co Ltd, the Chinese financial technology company affiliated with e-commerce giant Alibaba, following a phone call between a company executive and a top US government official, four people familiar with the matter said.
A huge fire broke out in southern China on Friday at an unfinished Huawei research facility, sending massive plumes of smoke over the industrial city of Dongguan.
US President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the US, even as it appeared to conflict with his earlier order for China’s ByteDance to divest the video app.
China’s ByteDance Ltd. is seeking a valuation of $60 billion for TikTok as Oracle Corp. and Walmart Inc. take stakes in the short-video app’s business to address U.S. security concerns, according to a person familiar with the matter.
Preliminary data from analytics platform Sensor Tower showed Chinese-based WeChat had 10,000 installs in the US Friday, a 150 percent increase from Thursday and a 233 percent week-over-week increase. That’s the largest number of WeChat installs in the US in one day since October 7th, 2019.
The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a move that will block Americans from downloading the Chinese-owned platforms over concerns they pose a national security threat.
An IPO of TikTok would be one of the technology sector’s biggest-ever stock market debuts, given that the app was recently valued by ByteDance investors at more than $50 billion. It would further reduce ByteDance’s stake in the company to appease U.S. officials who want to see the Chinese firm loosen its grip on the video app.
President Donald Trump said on Wednesday he wasn’t ready to approve a deal for an American company to partner with Chinese-owned video app TikTok, which would allow it to continue operating in the United States.
The White House may target more Chinese apps, said Peter Navarro, a key trade adviser to President Donald Trump, as pressure on TikTok appears set to force a sale of the popular social media platform.
TikTok Chief Executive Officer Kevin Mayer has left the company, less than three months after he joined the hit short video app, and U.S. General Manager Vanessa Pappas will replace him on an interim basis, according to an internal memo seen by Reuters.
TikTok has sued President Donald Trump’s administration for banning transactions with parent company ByteDance. “The [Trump] administration ignored our extensive efforts to address its concerns, which we conducted fully and in good faith,” TikTok wrote in a press release. “We do not take suing the government lightly, however we feel we have no choice but to take action to protect our rights, and the rights of our community and employees.”
TikTok on Thursday said it has removed more than 380,000 videos in the US this year as part of a part of a mission to "eliminate hate" on the platform.
The Indigenous People of Biafra, IPOB, yesterday gave reason for its refusal to support Nigerian President of Igbo extraction, saying that all the people being prepared for the position are stooges that will be used against the interest of Ndigbo, Biafrans and the Biafra agitating groups.
Napoli got back to winning ways in their newly-named Diego Armando Maradona Stadium after falling to promoted Spezia in their last home match.
The 44th President of the United States of America, Barack Obama, has taken to his official Twitter page to send a loving message to his wife, Michelle, who turns 57 today.
This is even as government has given street traders at Obikabia and Opobo junctions in the Ogbor Hill area of the commercial city seven days to vacate the streets and move into approved markets in the city.
Twenty seven Kano traders, who were abducted on their way to Aba town in Abia State, have regained their freedom, according to the management of Kantinkwari Textiles Market.
Food availability, sufficiency, and affordability will continue to be a mirage as long as banditry and attacks on farmers continue, the Nigerian Institute of Food Science and Technology has declared.
UEFA is not planning any imminent changes to the format for the upcoming Champions League knockout stages or to its plans to hold the delayed Euro 2020 this year despite ongoing concerns about the coronavirus pandemic and other sporting events being cancelled.
The Hong Kong government said it “strongly” objects to a U.S. congressional report critical of Beijing’s handling of the city, calling the report “biased, politically motivated and not reflecting the truth”.
The National Association of Nigeria Travel Agencies (NANTA) has received about N196 million out of N5bn given to the aviation industry as Covid-19 Palliative to cushion the negative effects of coronavirus pandemic.
Europe’s populist leaders are outraged by the decision of U.S. social-media giants to block U.S. President Donald Trump from posting on their sites. They fear Facebook, Twitter and other major social media companies could start banning them, too.