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Its education arm, known as Dali, meaning “big force” in English, was established last year and offers everything from pre-school programs to adult education and smart learning devices.(AP)

ByteDance to hire 13k new employees, explore China's education technology

Bloomberg
PUBLISHED ON FEB 27, 2021 04:40 PM IST
ByteDance, the owner of the short video app TikTok, said that it will hire 10,000 educational professionals, including tutors and course designers, in China over the next four months,
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The TikTok settlement must still be approved by a federal judge.(Reuters File Photo )
The TikTok settlement must still be approved by a federal judge.(Reuters File Photo )

TikTok owner ByteDance to pay $92 million in US privacy settlement

AP, San Francisco
PUBLISHED ON FEB 26, 2021 06:41 AM IST
The federal lawsuit alleged that TikTok broke the Illinois biometric privacy law, which allows suits against companies that harvest consumer data without consent, including via facial and fingerprint scanning.
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On December 4, the Trump administration opted not to grant TikTok-owner ByteDance a new extension of an order requiring the company to divest TikTok’s US assets(REUTERS)
On December 4, the Trump administration opted not to grant TikTok-owner ByteDance a new extension of an order requiring the company to divest TikTok’s US assets(REUTERS)

After TikTok ban ByteDance says cutting India workforce, unsure of comeback

Reuters, New Delhi
UPDATED ON JAN 27, 2021 01:34 PM IST
The ban dates from last year when political tension between the neighbours rose over their disputed border.
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ByteDance Ltd.'s TikTok app button, reflected in a mirror, is arranged for a photograph on a smartphone in Sydney, New South Wales, Australia.(Bloomberg File Photo)
ByteDance Ltd.'s TikTok app button, reflected in a mirror, is arranged for a photograph on a smartphone in Sydney, New South Wales, Australia.(Bloomberg File Photo)

US not extending TikTok divestiture deadline, but talks expected to continue: Report

By Reuters | Posted by Kanishka Sarkar | Washington/New York
UPDATED ON DEC 05, 2020 06:15 AM IST
Last week, the Committee on Foreign Investment in the United States granted ByteDance a one-week extension until Friday over the order to shed TikTok’s US assets.
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Trump has made the fight over TikTok a central front in his broader efforts to crack down on the influence of China’s technology industry in the US(Bloomberg)
Trump has made the fight over TikTok a central front in his broader efforts to crack down on the influence of China’s technology industry in the US(Bloomberg)

TikTok gets reprieve on Donald Trump’s demand for a ban on the app

By Bloomberg | Posted by Kanishka Sarkar
UPDATED ON NOV 13, 2020 06:29 AM IST
The TikTok prohibition “HAS BEEN ENJOINED, and WILL NOT GO INTO EFFECT, pending further legal developments,” the Commerce Department said in a document published in the federal register.
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The terms of the funding round may still change as negotiations are ongoing, the people said. A representative for ByteDance declined to comment, while a representative for Sequoia didn’t immediately respond to a request for comment(Bloomberg)
The terms of the funding round may still change as negotiations are ongoing, the people said. A representative for ByteDance declined to comment, while a representative for Sequoia didn’t immediately respond to a request for comment(Bloomberg)

TikTok parent ByteDance seeks to raise cash at $180 billion valuation

By Bloomberg | Posted by Nilavro Ghosh
PUBLISHED ON NOV 05, 2020 06:38 PM IST
ByteDance, already the world’s most valuable startup, is in the throes of fighting a Trump administration ban on TikTok in the US after the video service was labelled a national security threat.
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The TikTok logo is pictured outside the company's US head office in Culver City, California.(Reuters file)
The TikTok logo is pictured outside the company's US head office in Culver City, California.(Reuters file)

Pakistan bans TikTok over indecent, immoral content

By Imtiaz Ahmad | Hindustan Times, Islamabad
UPDATED ON OCT 09, 2020 09:16 PM IST
The Pakistan Telecom Authority (PTA) said a number of complaints from different segments of the society were lodged against the app.
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Signage is displayed at the TikTok Creator's Lab 2019 event hosted by Bytedance Ltd. in Tokyo.(Bloomberg File Photo)
Signage is displayed at the TikTok Creator's Lab 2019 event hosted by Bytedance Ltd. in Tokyo.(Bloomberg File Photo)

Judge rejects bid to delay TikTok US app store ban set for Sunday

By Reuters | Posted by Kanishka Sarkar | Washington
UPDATED ON SEP 27, 2020 06:29 AM IST
A separate legal challenge from TikTok and Chinese owner ByteDance to the Commerce Department order is still pending. A 9:30 a.m. hearing on Sunday is set on the issue before US District Judge Carl Nichols in Washington.
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Over the weekend, ByteDance and Oracle announced they had reached a deal that would satisfy Trump’s call for TikTok to be sold to an American buyer or face shutdown in the United States.(Reuters file photo)
Over the weekend, ByteDance and Oracle announced they had reached a deal that would satisfy Trump’s call for TikTok to be sold to an American buyer or face shutdown in the United States.(Reuters file photo)

Beijing unlikely to approve ByteDance’s TikTok deal with Oracle: Report

By Reuters| Posted by: Harshit Sabarwal | Shanghai
UPDATED ON SEP 22, 2020 09:51 AM IST
ByteDance has said it will create a US subsidiary, TikTok Global, that will be part-owned by Oracle and Walmart - which in turn said TikTok Global’s board would comprise mainly Americans - to pacify the administration of US President Donald Trump which had planned to ban TikTok on security grounds.
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ByteDance is racing to clinch an agreement with the White House that will stave off a US ban on TikTok that President Donald Trump has threatened could happen as early as next week.(Reuters)
ByteDance is racing to clinch an agreement with the White House that will stave off a US ban on TikTok that President Donald Trump has threatened could happen as early as next week.(Reuters)

ByteDance plans TikTok IPO to win US deal as deadline looms: Report

By Reuters | Posted by Shivani Kumar
UPDATED ON SEP 18, 2020 07:57 AM IST
Trump ordered ByteDance last month to divest TikTok amid US concerns that the personal data of as many as 100 million Americans who use the app could be passed on to China’s Communist Party government.
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Oracle has submitted a proposal to the Trump administration that will allow it to become a technology partner in the TikTok app, as ByteDance hopes to head off a Trump order that it divest TikTok’s U.S. operations.(File photo for representation)
Oracle has submitted a proposal to the Trump administration that will allow it to become a technology partner in the TikTok app, as ByteDance hopes to head off a Trump order that it divest TikTok’s U.S. operations.(File photo for representation)

ByteDance says China will have to approve its US TikTok deal

By Reuters | Posted by Niyati Singh | Beijing
UPDATED ON SEP 17, 2020 03:31 PM IST
China will need to approve ByteDance’s proposed deal with Oracle Corp for its TikTok app, the Chinese company said on Thursday, indicating how its bid to stave off a ban in the United States could be further complicated.
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The US head office of TikTok is shown in Culver City, California, U.S., September 15, 2020. REUTERS/Mike Blake(Reuters)
The US head office of TikTok is shown in Culver City, California, U.S., September 15, 2020. REUTERS/Mike Blake(Reuters)

Oracle ‘very close’ to deal with TikTok, says Trump

By Reuters | Posted by Shivani Kumar | Reuters
UPDATED ON SEP 16, 2020 05:55 AM IST
Trump has ordered ByteDance to divest TikTok amid US concerns user data could be passed to China’s Communist Party government. He has threatened to ban TikTok in the United States as early as Sunday if ByteDance does not comply.
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Microsoft, which had been vying for a deal, said in a statement Sunday that its bid to acquire TikTok’s U.S. operations was rejected.(File photo)
Microsoft, which had been vying for a deal, said in a statement Sunday that its bid to acquire TikTok’s U.S. operations was rejected.(File photo)

Q&A: What does a deal between TikTok and Oracle mean?

By Associated Press | Posted by Niyati Singh | Hong Kong
UPDATED ON SEP 14, 2020 04:47 PM IST
TikTok’s parent company ByteDance has chosen Oracle over Microsoft as a new American technology partner to help keep the popular video-sharing app operating in the U.S., according to a person familiar with the deal.
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Microsoft said it was informed by Bytedance that it would not be selling TikTok’s US operations to it.(HT File Photo)
Microsoft said it was informed by Bytedance that it would not be selling TikTok’s US operations to it.(HT File Photo)

Microsoft says ByteDance won’t sell TikTok’s US operations to it

By Bloomberg| Posted by Susmita Pakrasi | Bloomberg
UPDATED ON SEP 14, 2020 07:24 AM IST
Microsoft, which was working with Walmart Inc., had been seen as the more likely winner earlier in the process, but its talks have cooled, a person with knowledge of the matter said earlier today.
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ByteDance has also stepped up the purchase of servers in global trade and transport hub Singapore to back up U.S. data as a contingency, the source told Reuters on Friday, adding that it began the three-year plan in 2019.(File photo for representation)
ByteDance has also stepped up the purchase of servers in global trade and transport hub Singapore to back up U.S. data as a contingency, the source told Reuters on Friday, adding that it began the three-year plan in 2019.(File photo for representation)

TikTok owner ByteDance to invest billions in Singapore over three years: Report

By Reuters | Posted by Niyati Singh
UPDATED ON SEP 11, 2020 06:30 PM IST
TikTok owner ByteDance plans to invest billions of dollars and recruit hundreds of employees in Singapore after opting to base its Southeast Asia regional headquarters there, a person familiar with the matter said.
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Microsoft and Oracle, which had submitted proposals before the Chinese regulations hit, both continue to be interested in buying the U.S. arm of the hit video app and have not been dissuaded by Beijing’s involvement, the people said.(File photo for representation)
Microsoft and Oracle, which had submitted proposals before the Chinese regulations hit, both continue to be interested in buying the U.S. arm of the hit video app and have not been dissuaded by Beijing’s involvement, the people said.(File photo for representation)

ByteDance may miss US deadline for TikTok deal

By Bloomberg | Posted by Niyati Singh
UPDATED ON SEP 10, 2020 05:00 PM IST
ByteDance Ltd. is increasingly likely to miss a Trump administration deadline for the sale of its TikTok U.S. operations after new Chinese regulations complicated negotiations with bidders Microsoft Corp. and Oracle Corp., according to people familiar with the matter.
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At the time of the ban, TikTok was estimated to be valued at $3 billion.(Reuters)
At the time of the ban, TikTok was estimated to be valued at $3 billion.(Reuters)

TikTok’s sale talks stumble on valuation

By Abhijit Ahaskar | Livemint
UPDATED ON SEP 07, 2020 03:50 AM IST
One of the key reasons for TikTok’s worldwide success is its content recommendation algorithm behind the ‘For You’ page which fetches personalized content using a proprietory AI interface, text analysis, voice recognition and speech modelling, among others
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Retailer Walmart lauded TikTok’s e-commerce and advertising capabilities.(Reuters)
Retailer Walmart lauded TikTok’s e-commerce and advertising capabilities.(Reuters)

Walmart partners with Microsoft in bid for TikTok

By Reuters | Posted by Shivani Kumar | Reuters
UPDATED ON AUG 27, 2020 10:22 PM IST
The sale of TikTok is happening as the company is under fire from the administration of US President Donald Trump as a potential national security risk due to the vast amount of private data the app is compiling on US consumers.
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US President Donald Trump speaks during a news conference in Bedminster, New Jersey, August 15, 2020.(REUTERS)
US President Donald Trump speaks during a news conference in Bedminster, New Jersey, August 15, 2020.(REUTERS)

Looking at pressuring other Chinese companies after ByteDance:Trump

By Reuters | Posted by Anubha Rohatgi | Bedminster, New Jersey
UPDATED ON AUG 16, 2020 10:07 AM IST
Trump has been piling pressure on Chinese-owned companies, such as by vowing to ban short-video app TikTok from the United States.
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TikTok has come under fire from US lawmakers over national security concerns surrounding data collection.(Reuters file photo)
TikTok has come under fire from US lawmakers over national security concerns surrounding data collection.(Reuters file photo)

Trump orders ByteDance to divest interest in US TikTok operations within 90 days

By Reuters| Posted by: Harshit Sabarwal | Washington
PUBLISHED ON AUG 15, 2020 08:29 AM IST
“There is credible evidence that leads me to believe that ByteDance ... might take action that threatens to impair the national security of the United States,” the United States President said in the order.
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China and US flags are seen near a TikTok logo.(Reuters File Photo)
China and US flags are seen near a TikTok logo.(Reuters File Photo)

Donald Trump imposes US ban on WeChat, TikTok in 45 days

By Reuters | Posted by Kanishka Sarkar | Reuters
UPDATED ON AUG 07, 2020 08:36 AM IST
US president Donald Trump said TikTok app may be used for disinformation campaigns that benefit the Chinese Communist Party and the United States “must take aggressive action against the owners.”
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Microsoft Corp said on Monday it was in talks with ByteDance to buy parts of TikTok after US President Donald Trump reversed course on a plan to ban the app on national security grounds and gave the firms 45 days to strike a deal.(Reuters)
Microsoft Corp said on Monday it was in talks with ByteDance to buy parts of TikTok after US President Donald Trump reversed course on a plan to ban the app on national security grounds and gave the firms 45 days to strike a deal.(Reuters)

China will not accept US ‘theft’ of TikTok: Report

By Reuters | Posted by Shivani Kumar
UPDATED ON AUG 04, 2020 10:13 AM IST
The United States’ “bullying” of Chinese tech companies was a consequence of Washington’s zero-sum vision of “American first” and left China no choice but “submission or mortal combat in the tech realm”, the state-backed paper said in an editorial.
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US President Donald Trump.(Bloomberg)
US President Donald Trump.(Bloomberg)

Trump seeks TikTok payment to US, despite no clear authority

By Bloomberg | Posted by Shivani Kumar
UPDATED ON AUG 04, 2020 07:04 AM IST
It would be unprecedented, based on recent history, for the US government to collect a cut of a transaction involving companies in which it doesn’t hold a stake. Trump said the money would come from China or an American buyer such as Microsoft Corp.
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US President Donald Trump.(Reuters)
US President Donald Trump.(Reuters)

Trump to give TikTok’s Chinese owner 45 days to reach deal to sell-sources

By Reuters | Posted by Shivani Kumar | Washington, United Stated
UPDATED ON AUG 03, 2020 06:03 AM IST
The negotiations between ByteDance and Microsoft will be overseen by the Committee on Foreign Investment in the United States, a US government panel that has the right to block any agreement
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Signage for ByteDance Ltd.'s TikTok app is displayed on a smartphone.(Bloomberg)
Signage for ByteDance Ltd.'s TikTok app is displayed on a smartphone.(Bloomberg)

What US ban on Chinese app TikTok would mean

By Associated Press | Posted by Kanishka Sarkar | New York
PUBLISHED ON AUG 02, 2020 10:32 AM IST
There have been reports of US tech giants and financial firms being interested in buying or investing in TikTok as the Trump administration sets its sights on the app.
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President Donald Trump speaks during a roundtable discussion on the coronavirus outbreak and storm preparedness at Pelican Golf Club in Belleair, Fla., Friday.(AP File Photo)
President Donald Trump speaks during a roundtable discussion on the coronavirus outbreak and storm preparedness at Pelican Golf Club in Belleair, Fla., Friday.(AP File Photo)

Donald Trump says US ‘may be banning’ China-owned video app TikTok

By Associated Press | Posted by Kanishka Sarkar | New York
UPDATED ON AUG 01, 2020 06:22 AM IST
There have been reports of US tech giants and financial firms being interested in buying or investing in TikTok as the Trump administration sets its sights on the app.
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Representational image.(HT file)
Representational image.(HT file)

ByteDance launches global hiring spree in middle of coronavirus Tumult

By Bloomberg | Bloomberg
PUBLISHED ON APR 14, 2020 08:05 PM IST
The world’s largest startup is recruiting people for 10,000 open positions, of which about a third are high-level research or software coding jobs, according to an internal website provided to staff for referrals and shared with Bloomberg.
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The restrictions continue with hundreds of millions across China facing some kind of restrictions on their movements.(REUTERS)
The restrictions continue with hundreds of millions across China facing some kind of restrictions on their movements.(REUTERS)

News updates from Hindustan Times at 9 PM: ‘Track the infected, their close contacts’: Chinese doctors’ advise on coronavirus and all the latest news at this hour

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON MAR 04, 2020 08:58 PM IST
Here are today’s top news, analysis and opinion curated for you. Know all about the latest news and other news updates from Hindustan Times.
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Zhang Yiming, founder of Beijing ByteDance Technology Co.(Bloomberg)
Zhang Yiming, founder of Beijing ByteDance Technology Co.(Bloomberg)

This 35-year-old unknown has created the world’s most valuable startup

By Lulu Yilun Chen and Mark Bergen | Bloomberg, Hong Kong/San Francisco
UPDATED ON SEP 28, 2018 05:08 PM IST
Zhang Yiming’s company, Bytedance Ltd, is on its way to a more than $75 billion valuation -- a price tag that surpasses Uber Technologies Inc. to top the world, according to CB Insights
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