TikTok is now actually a shopping platform, according to Business Insider. TikTok Shop was the No. 3 fastest-growing brand in ...
The deal, set to close on Jan. 22, would end years of efforts to force ByteDance to divest its US business over national security concerns.
ByteDance plans a 50% bonus hike in 2026, boosting cash rewards to retain top performers amid TikTok’s US restructuring.
Tech companies are spending more on AI-focused employees even as the rest of the industry is laying off hundreds of thousands ...
WASHINGTON/HONG KONG >> TikTok’s Chinese owner, ByteDance, on Thursday signed binding agreements to hand control of the ...
China's ByteDance, owner of TikTok, has seen its valuation surge to US$500 billion on the private market as it advances a ...
In a memo to staff reviewed by Reuters, TikTok CEO Shou Zi Chew confirmed that all US data “will be stored in a trusted and ...
He also declared that the deal met the terms of the divestiture requirements required by a 2024 law. "We have signed ...
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TikTok has reached a deal with investors on its US business. Read the full memo from its CEO.
The deal comes more than a year after Congress passed a law that forced its owner ByteDance to divest its US operations or face a ban.
TikTok CEO Shou Chew also told employees that ByteDance signed binding agreements to create a joint venture majority-owned by American investors including Oracle Corp, according to a reviewed memo.
ByteDance has agreed to sell over 80% of TikTok’s US business in a deal designed to avoid a nationwide ban under the US ...
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