Tag: bytedance

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Trump administration sets new deadline for TikTok sale

ByteDance has been given a new deadline to sell or shut down TikTok in the US. The Trump administration's Committee on Foreign Investment in the United States (CFIUS) now says that the divestment must happen by 27 November,...
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ByteDance tipped to make $27bn of ad revenue in China this year

ByteDance may be waiting to find out what’s happening with its proposed divestment of TikTok in the US, but business is going pretty well back home in China. Reuters reported that the company is “on track to...
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TikTok tipped to reach 1.2bn monthly active users in 2021

Mobile analytics firm App Annie is predicting that TikTok will have more than 1.2 billion monthly active users by the end of 2021, after crossing the one billion mark this year. That would be some growth: figures published...
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ByteDance reportedly raising $2bn at $180bn valuation

How much is TikTok's parent company worth? 13 Warner Music Groups? Just over 5.3 Universal Music Groups? 3.7 Spotifys? Or perhaps just over a fifth of a Facebook? These are some sketchy sums based on a Bloomberg report that...
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ByteDance launches its first hardware: a smart lamp and screen

TikTok's parent company is getting into the gadgets game, although its focus is firmly on education for now. ByteDance has unveiled its Dali 'smart lamp' in China. It's a desk lamp with a built in smartphone-style screen...
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Unsealed ruling shows why TikTok US app stores ban was blocked

We reported yesterday on a US judge blocking the Trump administration's order that TikTok be banned from Apple and Google's app stores this weekend. Yesterday, the ruling was unsealed, revealing his reasoning. One of...
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Judge orders Trump administration to defend its TikTok ban

Will TikTok really be banned from app stores in the US from this Sunday? Even if the proposed deal between ByteDance, Oracle and Walmart is not approved in the US and/or China, the ban is looking wobbly. Yesterday, a US...
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China blast for TikTok deal as ‘dirty and underhanded trick’

President Trump may have tentatively approved TikTok's deal to avoid a ban in the US, but what will the Chinese government make of it? Judging by state-media outlet China Daily's blistering editorial column this morning – title:...
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A majority US-owned TikTok Global? ByteDance begs to differ

We, like you, are looking forward to a week when TikTok isn't our biggest story every day. But the latest developments in the US do require a bit more space for unpicking: unsurprisingly, the company's deal with Oracle and...
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TikTok US ban postponed as Trump approves Oracle/Walmart deal

It's been another topsy-turvy weekend in the US for TikTok. On Friday, the Department of Commerce announced that as of 20 September (Sunday) US app stores would be banned from making the app available to download, or for...
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TikTok tipped for IPO with Oracle stake… if Trump approves

What's going on with the TikTok acquisition or investment in the US... is what a lot of TikTok staff around the world are wondering, let alone the wider tech and music industries. The next few days are going to be crucial...
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The latest TikTok twist: plans for a standalone company?

The deadline is approaching for TikTok to be sold, shut down, or find an alternative solution that satisfies President Trump's administration. After tech firm Oracle said it was part of a proposal submitted to the administration...