ByteDance, the Chinese multinational internet technology company, has been making headlines due to the ongoing scrutiny and potential ban of its popular app, TikTok, in the United States. The company has faced challenges as US lawmakers express concerns over national security and user data privacy issues related to its Chinese ownership. ByteDance's efforts to navigate these regulatory hurdles and potential sale mandates have been closely followed by the media.
Founded in 2012 by Zhang Yiming, ByteDance has quickly risen to prominence, with TikTok becoming a global sensation. The company's worth has been estimated at over US$100 billion, showcasing its significant impact on the tech industry. ByteDance's innovative approach to content creation and its proprietary algorithms, such as the 'secret source' algorithm, have been central to its success. Despite facing regulatory obstacles, ByteDance continues to adapt and evolve its operations, including restructuring efforts and talent retention strategies, as it seeks to address the challenges posed by the changing regulatory landscape.
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The platform and parent company ByteDance have filed a similar lawsuit, arguing the law violates the US Constitution and runs afoul of free speech protections.
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In 2022, the country's game developers had a combined revenue of 32.5 billion kronor ($3 billion).
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Eric Schmidt, the former chief executive of Google, said he had explored a possible purchase of TikTok but has moved on from the idea of trying to acquire the video-sharing app from its Chinese owners.
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We must be able to create a more civic-minded internet, with tools that would empower users to better control what they see.
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The wildly popular app has been in the headlines for weeks as US lawmakers face off against TikTok's Chinese parent company over a potential nation-wide ban. Here's why the app is so special.
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App’s ‘secret source’ algorithm reportedly core to operations of parent company, which sources say make a sale highly unlikely
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If it feels like TikTok has been around forever, that’s probably because it has, at least if you’re measuring via internet time
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Around 170 million American TikTok users could be banned from the popular platform as a landmark bill has passed through the Senate - but do YOU agree with the legislation?
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TikTok has said legislation ‘would trample the free speech rights of 170 million Americans’.
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Launched in 2006, Baidu Baike gained popularity partly because access to Wikipedia was unreliable and eventually blocked in China.
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The increased bonus programme shows the lengths taken by TikTok owner ByteDance to retain and attract talent, even as the company continues to restructure its operations this year.
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The increased bonus programme shows the lengths taken by TikTok owner ByteDance to retain and attract talent, even as the company continues to restructure its operations this year.
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Several members of Congress spoke with the Wall Street Journal about how their children reacted to TikTok potentially being banned in the US.
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Many companies, particularly in the beauty and fashion industries, have boosted sales through the platform. They don’t really have a backup plan.
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Christine Harmon is the wife of NFL safety Duron Harmon. She plans high-end children's parties for NFL families and other wealthy clients.
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Senators who want a TikTok crackdown are banking on U.S. intelligence and law enforcement officials scaring their colleagues into action.
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Wall Street is abuzz about a potential deal, but the large price tag for the app is one of many factors that could limit the number of suitors.
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In a video to TikTok's millions of US users, Shou zi Chew said the app "will be banned" in the US if a bill concerning its ownership gets final approval in the Senate.
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As legislation moves ahead that could eventually mandate a sale by the Chinese parent company ByteDance, hurdles include finding buyers.
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The legislation that could ban TikTok from US app stores still has more hurdles to pass before it becomes law