UK Bans TikTok on Government Phones Over Security Concerns
On Thursday, Britain said it would immediately ban TikTok on government phones, which followed other Western countries banning the Chinese-owned short-video app over security issues....
Tag : Bytedance
ByteDance Increases Price of Stock Option Buyback
ByteDance, TikTok’s Chinese owner, is starting a second stock option buyback for employees this year at a higher price than the previous one. This move...
TikTok, Google Become Most Popular Website of 2021
TikTok has surpassed tech giant Google as the most popular website of 2021, media reported. According to a report by IT security company Cloudflare, the...
TikTok Removes Over 7 Million Underage Accounts
TikTok said it removed more than 7 million accounts belonging to children under 13 during the first quarter, taking a significant step in forcing the...
ByteDance Launches Share Buyback After Shelving IPO Plans
ByteDance Inc., the Chinese owner of short-video platform giant TikTok, launched a share buyback this week for current and former employees, two people with direct...
Founder of ByteDance Zhang Yiming to Step Down as CEO
Zhang Yiming, co-founder of ByteDance, will step down as CEO and take a new role, the company said on Thursday. Another co-founder, Liang Rubo, will...
TikTok Tests In-App Shopping To Challenge FB
TikTok is working with brands including streetwear label Hype to test in-app sales in Europe, a move that will intensify its competition with Facebook Inc....
Govt Freezes ByteDance India Bank Accounts
Indian authorities have blocked bank accounts of ByteDance in the country for alleged tax evasion and the company has asked a court to quash the...
Tencent’s Profit Jumps 175%, Helped by Online Games
On Wednesday, Chinese gaming and social media giant Tencent Holdings Ltd reported a forecast-beating 175 per cent rise in quarterly profit. The world’s largest gaming...
ByteDance Agrees to $92 Mn Privacy Settlement with US TikTok Teens
ByteDance has agreed to a $92 million class-action settlement to settle data privacy claims from some US TikTok users, according to documents filed Thursday in US District...