Despite facing mounting losses in its fast-growing TikTok business unit, ByteDance managed to surpass China’s long-standing tech giants Tencent and Alibaba for the first time by generating a record underlying profit last year. ByteDance reported a 79% surge in earnings
China-owned video sharing platform TikTok has been hit with a fine of $15.9 million by the UK’s Information Commissioner’s Office (ICO), reported the BBC. ByteDance’s widely popular social platform is having a tough time, as it’s on the verge of a
China-owned video-sharing platform TikTok is on the verge of a nationwide ban in the United States. A possible ban will force more than 150 million users in the United States to uninstall the app, which will also affect 5 million
China-owned video-sharing platform TikTok is on the verge of a nationwide ban in the United States over security concerns. The proposed ban is being reviewed by Congress, but voices have started to rise against the restriction. TikTok currently has 150
China-owned social network TikTok was banned in India three years ago because of geopolitical tension between the two nations. However, the data of Indian users who once used TikTok is still accessible to Beijing-based Bytedance, according to Forbes. TikTok is
The U.S. government has demanded that TikTok’s Chinese owners ByteDance sell their shareholding in the widely popular video sharing app – or else face a ban, according to the Wall Street Journal. America cites “national security” as the reason for
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