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ByteDance faces intense pressure in Washington, where lawmakers have raised national security concerns over its Chinese ownership.

TikTok owner ByteDance sets valuation at over $330bn

ByteDance, the owner of short-video app TikTok, is set to launch a new employee share buyback that will value the Chinese technology giant at more than $330 billion, driven by continued revenue growth, said three people with knowledge of the matter.

Business • 27 Aug

The White House launches TikTok account

The White House launched a TikTok account, as President Donald Trump continues to permit the Chinese-owned platform to operate in the United States despite a law requiring its sale.

US • 20 Aug

Donald Trump had already twice granted a reprieve from enforcement of a congressionally mandated ban on TikTok that was supposed to take effect in January

Trump to extend TikTok sale deadline for third time

US President Donald Trump will extend a June 19 deadline for China-based ByteDance to divest the US assets of short video app TikTok for 90 days despite a law that mandated a sale or shutdown absent significant progress, the White House has said.

Business • 18 Jun

TikTok has more than 170 million American users

TikTok given additional 75-day reprieve from US ban

US President Donald Trump has said he is signing an executive order to keep TikTok up and running in the United States for an additional 75 days.

Business • 04 Apr

Donald Trump had set a deadline in January for TikTok to find a non-Chinese buyer or face a US ban on national security grounds due to have taken effect that month under a 2024 law

White House to hold meeting on TikTok ahead of deadline

US President Donald Trump will consider today a final proposal related to TikTok ahead of an April 5 deadline for the app to find a non-Chinese buyer or face a US ban, a White House official told Reuters.

Business • 02 Apr

The TikTok app in the US has about 170 million users

How a TikTok ban may work and why user workarounds won't

Social media app TikTok, which is owned by China's ByteDance, will be banned in the US on Sunday unless a deal comes together to sell it to a US investor or the US Supreme Court intervenes.

Business • 16 Jan

About 170 million Americans use the ByteDance-owned TikTok

TikTok turns to US Supreme Court in bid to avert ban

TikTok made a last-ditch effort to continue operating in the US, asking the Supreme Court to temporarily block a law intended to force ByteDance, its China-based parent company, to divest the short-video app by January 19 or face a ban.

Business • 17 Dec 24

TikTok owner ByteDance has lost its court challenge against its designation as a gatekeeper under new EU tech rules

ByteDance loses challenge against EU gatekeeper label

TikTok owner ByteDance has today lost its court challenge against its designation as a gatekeeper under landmark European Union rules, in a boost for antitrust regulators seeking to curb the power of Big Tech.

Business • 17 Jul 24

US officials have claimed TikTok is sharing user data with the Chinese government - a claim the social media platform denies

'No fairness' in US move to ban TikTok, says China

There is "no fairness to speak of" in citing national security to reduce the competitive advantage of other countries, a spokesperson of the Chinese foreign ministry has said, criticising a US bill to force a TikTok divestiture or ban.

Business • 14 Mar 24

A group supporting TikTok staged a protest as the bill was being considered

US votes to force ByteDance to divest TikTok or face ban

The US House of Representatives has overwhelmingly passed a bill that would give TikTok's Chinese owner ByteDance about six months to divest the American assets of the short-video app, or face a ban.

Business • 14 Mar 24

TikTok's owner, China-based ByteDance, could face fines of up to 6% of its global turnover if TikTok is found guilty of breaching DSA rules

EU opens formal investigation into TikTok

The European Union will investigate whether ByteDance's TikTok breached online content rules aimed at protecting children and ensuring transparent advertising, an official has said, putting the social media platform at risk of a hefty fine.

Business • 19 Feb 24

TikTok owner to step back from gaming - report

TikTok maker ByteDance plans to wind down its Nuverse gaming brand and retreat from mainstream video games, four people familiar with the matter have said.

Business • 27 Nov 23

Like other social media apps, TikTok has faced criticism for not doing enough to shield teens from inappropriate content.

TikTok to develop parental control tool

TikTok has said it is developing a tool that will allow parents to prevent their teens from viewing content containing certain words or hashtags on the short-form video app, as the embattled company looks to shore up its public image.

Business • 01 Mar 23

The job cuts have been implemented at Douyin, the Chinese equivalent of TikTok

ByteDance cuts hundreds of jobs in China

ByteDance, the Chinese parent company of video app TikTok, has laid off hundreds of employees across multiple departments as part of a cost-cutting measure, the South China Morning Post reported today.

Business • 03 Jan 23

TikTok, which is owned by Chinese company ByteDance, is one of the world's most popular social media apps

TikTok's ad revenue likely to triple in 2022

Video-sharing app TikTok's advertisement revenue is likely to triple in 2022 to more than $11 billion, exceeding the combined sales of its rivals Twitter and Snap, according to research firm Insider Intelligence.

Business • 11 Apr 22

Republican calls on Biden to block TikTok in US

Republican Senator Marco Rubio urged President Joe Biden to block short-form video app TikTok in the United States after China took an ownership stake in a key subsidiary of ByteDance, the Beijing-based parent company of TikTok.

Business • 18 Aug 21

Chew posted on his personal social media account that he will be based in Singapore

TikTok owner ByteDance hires CFO in a step towards IPO

TikTok owner ByteDance has hired Xiaomi executive Shou Zi Chew for a newly created role as chief finance officer, in a sign that the tech company is moving towards a much-anticipated initial public offering of one or some of its businesses.

Business • 24 Mar 21

ByteDance has made sizeable inroads into the video games business

TikTok owner ByteDance acquires gaming studio Moonton

ByteDance has said its video games unit Nuverse has agreed to acquire Shanghai-based gaming studio Moonton Technology, as it seeks to further expand into the video games business.

Business • 22 Mar 21

TikTok sued US President Donald Trump's administration over US ban last month

Trump to block US downloads of TikTok, WeChat on Sunday

The US Commerce Department said it will issue an order that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on 20 September.

World • 18 Sep 20

ByteDance-owned TikTok could be banned in the US unless it finds an arrangement that allays security fears

ByteDance to partner with Oracle to manage TikTok US

ByteDance has abandoned the sale of TikTok in the US to pursue a partnership with Oracle that it hopes will spare it a US ban while appeasing China, people familiar with the matter told Reuters.

Business • 14 Sep 20

Kevin Mayer was Walt Disney's top streaming executive before he joined TikTok in June

TikTok CEO Mayer quits after less than 3 months

TikTok's chief executive Kevin Mayer has left the company, less than three months after he joined the hit short video app.

Business • 27 Aug 20

TikTok and its Chinese parent ByteDance have rejected the White House's position that it was a national security threat

TikTok sues Trump administration over US ban

TikTok and one of its employees have separately sued US President Donald Trump's administration over his executive order banning transactions in the US with the popular short-form video-sharing app.

Business • 02 Sep 21

Oracle has held preliminary talks with TikTok's Chinese owner, ByteDance, the FT has reported

Oracle enters race to buy TikTok's US operations - FT

Oracle has held preliminary talks with TikTok's Chinese owner, ByteDance, and was seriously considering buying the app's operations in the US, Canada, Australia and New Zealand, the Financial Times has reported.

Business • 18 Aug 20

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