Executive order bans US transactions with ByteDance… and Tencent
As promised, President Trump has signed an executive order banning all transactions by US companies with TikTok's parent company ByteDance. However, a separate order extends the ban to messaging app WeChat AND its parent...
August 7, 2020
Report claims TikTok sale price could be up to $30bn
Last month there was speculation that a spun-off TikTok could be worth $50bn. Now it seems Microsoft is likely to be paying rather less for the social app, if it manages to acquire it. "Microsoft could buy TikTok for...
August 6, 2020
TikTok was the top-grossing non-gaming app in July 2020
Analytics firm Sensor Tower published its latest charts yesterday for the top grossing non-gaming apps globally, based on data from Apple and Google's app stores. TikTok came top of the July 2020 chart with $102.5m of estimated...
August 5, 2020
President Trump demands ‘substantial’ chunk of TikTok sale price
The story of TikTok's possible ban and/or acquisition in the US is moving very fast. As we reported yesterday, Microsoft is in talks not just with TikTok and its parent company ByteDance, but with the US government and with...
August 4, 2020
Microsoft in talks to buy TikTok in US and other countries
Events have moved fast since Friday for TikTok's business in the US, it's fair to say. We'll start with the latest news: confirmation from Microsoft that it's in talks about an acquisition of TikTok in the US and certain...
August 3, 2020
Could an independent TikTok be worth $50bn or more?
Rumours continue about how TikTok plans to avoid a potential ban in the US by separating from its parent company ByteDance. Reuters claimed yesterday that some of the latter's investors – including VC firms Sequoia and...
July 30, 2020
ByteDance’s Resso could soon be banned in India like TikTok
"Unlike TikTok, Resso escaped the recent ban on apps of Chinese origin in India," we wrote earlier this month, when reporting on ByteDance's streaming music app reaching 10.6m installs in India so far – including 3m in...
July 28, 2020
TikTok mulls its options to avoid being banned in the US
TikTok hasn't been banned in the US, but some of the noises coming out of the White House have been distinctly menacing in recent days. What's more, this week the US House of Representatives voted to bar federal employees...
July 22, 2020
ByteDance’s music app Resso installed nearly 3m times in India in June
TikTok's parent company ByteDance test-launched its Resso music streaming app in India and Indonesia last year – we put it through its paces in December, ahead of its formal launch in India in March 2020. Unlike TikTok,...
July 21, 2020
After India ban, TikTok could face further sanctions in US
TikTok and its parent company ByteDance have been hit by a ban in India as part of a wider crackdown on apps of Chinese origin. But there may be trouble brewing for the companies in the US, too, due both to the political...
July 8, 2020
ByteDance warns of $6bn lost revenue from India apps ban
There’s a big, startling figure in the latest story about the Indian government’s decision to ban 59 Chinese-origin apps, including TikTok. “An insider at TikTok parent ByteDance is telling Caixin the ban...
July 6, 2020
ByteDance and TikTok revenues under the microscope again
The rise of TikTok, and the assorted controversies around it, have meant there’s a lot more scrutiny of the economics of the app and its parent company ByteDance. Which is welcome for the music industry, as rightsholders...
June 18, 2020