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 ...
The agreement is the most concrete step yet to comply with legislation that ordered ByteDance to divest TikTok’s U.S. assets ...
ByteDance, TikTok's Chinese owner, has finalized agreements to sell over 80% of its U.S. assets to American and international investors. This move aims to prevent a U.S. ban and involves major ...
ByteDance has signed a binding deal to shift control of TikTok's US operations to a new joint venture, a key step to avoid a ban and end years of uncertainty over the app ...
TikTok agrees to place U.S. operations under a new investor-controlled entity, with ByteDance retaining a minority stake.
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, the Beijing-based TikTok owner, has increased salaries and bonuses to retain and attract global talent amidst a ...
Beijing-based ByteDance has raised pay and sweetened incentives as the TikTok owner steps up efforts to retain and attract talent globally, as it makes progress on settling the future of its US ...
He also declared that the deal met the terms of the divestiture requirements required by a 2024 law. "We have signed ...