Tech

Not aware of $5 billion education fund in US TikTok pact: Bytedance

Editorial Bureau September 20, 2020

NINGBO (CHINA) – Chinese firm Bytedance, which owns short-format video app TikTok, said on Sunday that it was for the first time it heard news reports about coming up with a $5 billion education fund in the US. There were reports that US President Donald Trump approved a deal, which also

USA

TikTok files a complaint against Trump’s decision to block US ban

Editorial Bureau September 19, 2020

WASHINGTON (US) – TikTok has asked a US judge to prevent the Trump administration from banning the Chinese social-media network, Bloomberg News reported on Saturday. TikTok and its parent company, ByteDance Ltd., filed a complaint in Washington federal court late Friday night. It challenged US President Donald Trump’s executive order, the report said. The US

Tech

TikTok, WeChat to be inaccessible to new US users from Sunday as Trump ban kicks in

Editorial Bureau September 19, 2020

WASHINGTON (US) – The Trump administration has decided to ban WeChat and short-format video-sharing app TikTok from US app stores starting Sunday night. This comes over fears that they pose a threat to national security as user information could be accessed by China. However, the ban, which was announced on Friday, will affect only new […]

Asia

Sources say hundreds to be recruited in Singapore by ByteDance

Editorial Bureau September 11, 2020

BEIJING (CHINA) – ByteDance, the owner of popular short-video app TikTok, has plans to spend billions of dollars, under which hundreds of employees would be recruited in Singapore over the next three years, a person familiar with the matter told. The source said the Beijing-based company is getting its hands on more cloud-computing servers in […]

Finance

Fears of China curbs hit TikTok suitors’ stocks

Editorial Bureau August 31, 2020

NEW YORK (US) – Shares of Microsoft Corp, Walmart and Oracle Corp, which are gunning for TikTok, fell on Monday. This comes after China’s bid to curb some technology exports, stoking fears that Beijing might block any deal for the application’s US assets. As per the new regulations regarding technological exports, ByteDance’s sale of TikTok […]

Asia

Beijing’s approval would be required in TikTok sale

Editorial Bureau August 30, 2020

BEIJING/SHANGHAI (CHINA) – Going by China’s new rules around tech exports, ByteDance to sell TikTok’s US operations, Beijing’s approval could be needed, a Chinese trade expert told state media. ByteDance has been ordered by President Donald Trump to rid itself of short video app TikTok, citing security concerns. Microsoft Corp and Oracle Corp figure

Tech

Walmart bids for US assets of social media firm TikTok

Editorial Bureau August 28, 2020

NEW YORK (US) – Hours after TikTok’s CEO announced his resignation, Walmart Inc said it was bidding for the US assets of the social media company. Amid the ongoing talks to sell the Chinese-owned short-form video application’s US operations to Microsoft or Oracle, TikTok CEO Kevin Mayer announced his resignation less than three months after […]

Tech

TikTok CEO Mayer steps down less than 3 months after joining

Editorial Bureau August 27, 2020

WASHINGTON (US) – Less than three months after he joined TikTok, CEO Kevin Mayer has stepped down. He will be replaced by US General Manager Vanessa Pappas temporarily, said an internal memo. This comes days after the owner of the popular short-form video-sharing application sued the Trump government over an executive order banning any transactions […]

Tech

President Trump gives 90 days for ByteDance to divest US operations of TikTok

Editorial Bureau August 15, 2020

WASHINGTON (US) – In what is seen as the latest effort to put pressure on Chinese firm ByteDance over concerns about the safety of personal data, President Donald Trump on Friday gave the firm three months time to divest the US operations of its short video-sharing app TikTok. “There is credible evidence that leads me […]

Asia

China in trade talks with US on WeChat, TikTok: Bloomberg

Editorial Bureau August 12, 2020

BEIJING (CHINA) – The implementation of the phase one trade deal will be discussed by trade negotiators from the United States and China. The latter is likely to talk about issues with regard to video-sharing app TikTok and messaging app WeChat, Bloomberg News reported on Wednesday. Last week, US President Donald Trump introduced bans on […]