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TikTok to invest US$1.5bil in Indonesia shop pact with GoTo Group
TikTok to invest US$1.5bil in Indonesia shop pact with GoTo Group
TUESDAY, DECEMBER 12, 2023
ByteDance Ltd's TikTok has agreed to invest US$1.5 billion in a joint venture with Indonesia's GoTo Group, marking a significant step towards restarting its shopping app in the largest online retail market.TikTok says US threatens ban if Chinese owners don't sell stakes
TikTok says US threatens ban if Chinese owners don't sell stakes
THURSDAY, MARCH 16, 2023
The Biden administration has demanded that TikTok’s Chinese owners divest their stakes in the popular video app or face a possible US ban, the company told on Wednesday.'Extremely difficult and probably unlikely' for TikTok to be banned in the US
'Extremely difficult and probably unlikely' for TikTok to be banned in the US
THURSDAY, MARCH 09, 2023
A bipartisan group of 12 US senators introduced legislation on Tuesday that would give Commerce Secretary Gina Raimondo new powers to ban TikTok and other foreign-based technologies if they are found to pose national security threats.TikTok hopes three-party agreement between ByteDance, Oracle, Walmart to resolve US concerns
TikTok hopes three-party agreement between ByteDance, Oracle, Walmart to resolve US concerns
SUNDAY, SEPTEMBER 20, 2020
LOS ANGELES -- Video-sharing social networking platform TikTok on Saturday voiced hope that an agreement reached by its Chinese parent company ByteDance with Oracle and Walmart will "resolve the security concerns of the US administration and settle questions around TikTok's future in the US"TikTok may become a US-based company, report claims
TikTok may become a US-based company, report claims
THURSDAY, SEPTEMBER 17, 2020
ByteDance, the founder of Tik-Tok will place Tik-Tok's global business in a new US-based company and remain as the majority shareholder with Oracle investing in it as a minority stakeholder, according to UK's Financial Times on Wednesday, sourcing people briefed on a plan presented to US officials to avoid a ban of the video-sharing app by the US government.China punishes ByteDance, Tencent-backed apps in clampdown
China punishes ByteDance, Tencent-backed apps in clampdown
TUESDAY, JUNE 23, 2020
China has penalized 10 of the country's most popular livestreaming apps, suspending some of their operations in a renewed crackdown on fast-growing services backed by Tencent Holdings and ByteDance.
ByteDance hit $3 billion in net profit last year
ByteDance hit $3 billion in net profit last year
WEDNESDAY, MAY 27, 2020
TikTok's parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world's most valuable startup is still growing at a brisk rate, according to people familiar with the matter.
