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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,
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.”
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.
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.
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
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.
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.
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.
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.
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