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China’s ByteDance is cutting the size of its 2,000-plus India team and is unsure when it will make a comeback, the company told employees in an internal memo on Wednesday, months after its popular TikTok video app was banned.
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.
France’s data privacy watchdog CNIL said on Tuesday that it has opened a preliminary investigation into Chinese-owned video-sharing app TikTok after it received a complaint.
The Donald Trump administration’s move to ban US residents from doing business with Tencent’s WeChat app rippled through Chinese markets, erasing US$46-billion from the Internet giant’s market value and sending the yuan to its biggest slump in two weeks.
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The Minister of State, Budget and National Planning, Clem Agba, has revealed plans by the federal government to launch a web application to be christened ‘Eye-Mark’, aimed at empowering Nigerians to report any poorly executed government projects to the government.
Amid increasing social discontent in Nigeria in recent times, a scholar and former diplomat, Nnamdi Onochie, has unfolded a blueprint to put Nigeria back on track to achieve peace, prosperity and progress for survival as an entity.
The statistics, however, showed that the Federal Capital Territory (FCT) as well as states such as Abia, Anambra, Akwa Ibom, Ebonyi, Enugu, Rivers, Sokoto, Kogi and Taraba were still below 50 per cent of the target.
Nigeria has the least death toll among the top six most affected countries in Africa – South Africa, Tunisia, Ethiopia, Morocco, and Egypt.
Chinese tech giant Alibaba said on Monday that it accepted a record penalty imposed by the country’s anti-monopoly regulator.
Mozambique's military said on Sunday a "significant" number of militants had been killed during a battle over a key northern town and gas hub captured by the Islamic State (ISIS) last month.
The Ports Terminal Multservices Limited (PTML) Command of the Nigeria Customs Service (NCS) said it generated N46.9billion from importers of new and used vehicles.
The Anambra Government has reviewed security strategy, especially at checking points and around various security formations in the state.
The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has reiterated the Commission’s commitment to fighting corruption within the ambits of the law.
Independent National Electoral Commission, INEC, has called on the political parties to practice proper internal democracy to help solve 80 per cent of electoral challenges in the country.