Page 3 - Bytedance

TikTok owner ByteDance's chief warns against mediocrity as AI disrupts

ByteDance is often seen as the world's leading company on algorithms because its flagship apps such as TikTok, Douyin and Toutiao are powered by commanding recommendation engines

TikTok parent ByteDance to shut down music streaming service Resso in India

ByteDance, best known for its short video app TikTok, launched Resso in India, Indonesia, and Brazil in March 2020

In talks with multiple prospective buyers of gaming assets: ByteDance

The firm stopped working on unreleased games and planned to divest of titles already launched, people familiar with the matter told Reuters at the time

TikTok owner ByteDance in talks with Tencent, others to sell gaming assets

Talks are ongoing but no deal has been reached, a ByteDance spokesperson told Reuters

TikTok eyes $17.5 billion shopping business on Amazon's turf: Reports

The 2024 merchandise volume goal for the US version of TikTok Shop - which melds online entertainment with impulse buying - was discussed in internal meetings in recent weeks

ByteDance to fire hundreds and shut Nuverse in major gaming retreat

TikTok's owner will fire several hundred people, unwind projects under development and weigh potential sales of existing titles, people familiar with the matter said

Meta, Alphabet, ByteDance, Snap must face social media addiction lawsuits

Rogers rejected arguments that the defendants were immune from being sued by the US Constitution's First Amendment

Meta, Alphabet, ByteDance, Snap must face social media addiction lawsuits

Rogers rejected arguments that the defendants were immune from being sued by the US Constitution's First Amendment

TikTok expands its e-commerce presence to compete with Shein and Amazon

TikTok expands its e-commerce business with its new shopping feature called Trendy Beat. The feature is currently in testing mode in the UK.

Beijing had access to app data: Fired ByteDance executive in law suit

A former executive fired from TikTok's parent company ByteDance made a raft of accusations against the tech giant Friday, including that it stole content from competitors like Instagram and Snapchat, and served as a "propaganda tool" for the Chinese government by suppressing or promoting content favourable to the country's interests. The allegations were made in a complaint Friday by Yintao Yu, the head of engineering for ByteDance's US operations from August 2017 to November 2018, as part of a wrongful termination lawsuit filed earlier this month in San Francisco Superior Court. Yu claims he was fired for disclosing "wrongful conduct" he saw at the company. In the complaint, Yu alleges the Chinese government monitored ByteDance's work from within its Beijing headquarters and provided guidance on advancing "core communist values." Yu said government officials had the ability to turn off the Chinese version of ByteDance's apps, and maintained access to all company data, including ...

ByteDance surges 30% to match Tencent's $80 bn sales after TikTok boom

That pace of expansion underscores the resilience of ByteDance's business at a time Washington is threatening to join India in banning TikTok

What is Lemon8 and how it linked with under-fire short video app TikTok

Lemon8: Marketing itself as a 'content sharing platform with a youthful community', the app lets users make longer blog-like posts about topics such as fashion, fitness, travel and cooking

Will move forward with bill to block TikTok: US House Speaker McCarthy

Taking to his official Twitter handle, McCarthy called it "very concerning" that the TikTok CEO can't be honest and admit that China has access to TikTok

As Tiktok faces heat, CEO says will never share US user data with China

Chew, who appeared before dozens of House Energy and Commerce Committee members late on Thursday, offered reassurances that the company would enhance privacy

TikTok CEO Shou Chew set to enter a Washington fight he can't win

The mobile app's 150 million users in the US and the strength of its content-recommendation engine mean any infraction is viewed as a potential societal threat

TikTok sends influencers to Washington as troubles grow amid possible ban

TikTok is ramping up a public relations campaign to fend off the possibility of a nationwide ban by the Biden administration, and it's bringing some unconventional advocates to help: online influencers. Dozens of TikTok creators some with millions of followers on the video-sharing app came to Capitol Hill on Wednesday to lobby in favour of the platform, one day before lawmakers are slated to grill the company's chief executive about concerns over user data falling into the hands of the Chinese government. Shou Zi Chew plans to tell Congress on Thursday that TikTok, which was founded by Chinese entrepreneurs, is committed to user safety, data protection and security, and keeping the platform free from Chinese government influence. He will also answer questions from U.S. lawmakers worried about the social media platform's effects on its young user base. At the heart of TikTok's trouble is a Chinese national intelligence law that would compel Chinese companies to fork over data to th

TikTok CEO plans to tell Congress app is safe to use, urge against ban

TikTok's CEO plans to tell Congress that the video-sharing app is committed to user safety, data protection and security, and keeping the platform free from Chinese government influence. Shou Zi Chew is due to answer questions on Thursday from US lawmakers concerned about the social media platform's effects on its young user base and possible national security risks posed by the popular app, which was founded by Chinese entrepreneurs. Chew is sticking to a familiar script as he urges officials against pursuing an all-out ban on TikTok or for the company to be sold off to new owners. TikTok's efforts to ensure the security of its user data, including a USD 1.5 billion project to store the information on Oracle servers in the US and allow outside monitors to inspect its source code, go above and beyond what any of its rivals are doing, according to Chew's prepared remarks released ahead of his appearance before the US House Committee on Energy and Commerce. No other social media ...

TikTok CEO warns users about ban ahead of US Congress hearing on March 23

Shou Zi Chew, the CEO of Chinese short-form video platform, which faces a nationwide ban in the US, has warned users as he prepares to appear before the US Congress on March 23

TikTok dismisses reports saying US wants Chinese owners to divest

TikTok was dismissive of reports that the Biden administration was calling for its Chinese owners to sell their stakes in the popular video-sharing app, saying such a move wouldn't help protect national security. The company was responding to a report in The Wall Street Journal that said the Committee on Foreign Investment in the U.S., part of the Treasury Department, was threatening a U.S. ban on the app unless its owners, Beijing-based ByteDance Ltd., divested. "If protecting national security is the objective, divestment doesn't solve the problem: a change in ownership would not impose any new restrictions on data flows or access," TikTok spokesperson Maureen Shanahan said. "The best way to address concerns about national security is with the transparent, U.S.-based protection of U.S. user data and systems, with robust third-party monitoring, vetting, and verification, which we are already implementing." The Journal report cited anonymous "people familiar with the matter." The .

US demands TikTok owner ByteDance sell stakes or face ban: Report

TikTok's owners may retain some form of ownership but through a passive structure