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China’s cash-burning video sector: how Kuaishou lost $1B in 6 months

China’s cash-burning video sector: how Kuaishou lost B in 6 months Rumors have been floating for months that ByteDance is going public with TikTok and Douyin separately. Just last night, Bloomberg reported that ByteDance is seeking a pre-IPO round of $2 billion at a staggering valuation of $180 billion. Before any of that materializes, ByteDance […]

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TikTok’s parent company, ByteDance, is reportedly looking for $2B before its Hong Kong public offering

TikTok’s parent company, ByteDance, is reportedly looking for B before its Hong Kong public offering ByteDance, the company behind the social media sensation TikTok, is in talks to raise another $2 billion before the initial public offering of a large chunk of its international businesses on the Hong Kong StockExchange, according to a Bloomberg report. […]

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ByteDance to pump $170 million into e-book reader Zhangyue

ByteDance to pump 0 million into e-book reader Zhangyue While short videos are what drive ByteDance’s revenues and give the Chinese startup international recognition, the firm is expanding into numerous new areas like other tech giants to fuel growth. It’s dabbled in enterprise software and online learning, and the news came this week that ByteDance […]

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TikTok takes down election misinformation aimed at younger users

TikTok takes down election misinformation aimed at younger users TikTok confirmed today it has taken down videos spreading election misinformation that had been posted to two high-profile Republican-supporting accounts, The Republican Hype House and The Republican Boys. The accounts, popular with young, conservative voters, reach more than a million followers combined, and have the potential […]

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TikTok stars got a judge to block Trump’s TikTok ban

TikTok stars got a judge to block Trump’s TikTok ban TikTok has won another battle in its fight against the Trump administration’s ban of its video-sharing app in the U.S. — or, more accurately in this case, the TikTok community won a battle. On Friday, a federal judge in Pennsylvania issued an injunction that blocked […]

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ByteDance launches its first gadget in a big education push

ByteDance launches its first gadget in a big education push ByteDance on Thursday unveiled its first consumer hardware product, a smart light lamp with a display, that it says is part of its education technology portfolio as the Chinese internet giant continues to expand to categories beyond social video. The Dali smart lamp features a […]

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Pakistan lifts ban on TikTok

Pakistan lifts ban on TikTok Pakistan Telecommunication Authority said on Monday it has lifted the ban on TikTok, 11 days after the South Asian nation’s telecom authority blocked the popular short video app in the country over problematic videos on the platform. The authority, however, warned that TikTok needs to actively moderate content on its […]

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Pakistan bans TikTok over ‘immoral and indecent’ videos

Pakistan bans TikTok over ‘immoral and indecent’ videos Pakistan has banned popular short video app TikTok in the nation, citing circulation of videos that it deemed “immoral and indecent.” The move comes months after the South Asian country raised serious concerns about the nature of some videos on ByteDance’s app and the impact they posed […]

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Trump administration’s TikTok ban has been delayed

Trump administration’s TikTok ban has been delayed A U.S. federal court has said a ban on TikTok will not go into effect on Monday as scheduled. The move to delay the anticipated ban will allow Americans to continue using the app while the court considers the ban’s legality and whether the app poses a risk to […]

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TikTok files for injunction against pending Trump app ban

TikTok files for injunction against pending Trump app ban TikTok’s fight with the Trump administration doesn’t yet appear to be over, regardless of what the deal that was signed between its parent company ByteDance and Oracle says over the weekend. Earlier today, the company filed a motion to stop the Commerce Department from enforcing a […]

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