Tencent feels heat from gaming rivals Alibaba, ByteDance and Genshin Impact maker miHoYo South

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REUTERS/Aly Song/File Photo Purchase Licensing Rights. HONG KONG, Dec 6 (Reuters) - TikTok owner ByteDance is offering to buy back around $5 billion worth of shares from investors at a price that.

Chinese short video app Kuaishou renews overseas push with CEO taking lead amid


Beijing- based ByteDance, which operates TikTok and its Chinese sibling, Douyin, raked in US$29 billion of revenue in the second quarter of 2023, a surge of 40 per cent from the year before, according to a report by The Informatio­n that cited anonymous sources. ByteDance did not immediatel­y respond to a request for comment.

TikTok owner ByteDance sees valuation drop a quarter to US300 billion after latest share buy


ByteDance, China's most valuable unicorn and the owner of TikTok, is offering US$160 per share to current employees and anyone laid off, and US$128 to those who quit their job, according to sources.

Chinese tech firm ByteDance censored antiBeijing content in Indonesia, sources claim South


A former executive at ByteDance, the Chinese company which owns the popular short-video app TikTok, says in a legal filing that some members of the ruling Communist Party used data held by the company to identify and locate protesters in Hong Kong. Yintao Yu, formerly head of engineering for ByteDance in the U.S., says those same people had access to U.S. user data, an accusation that the.

ByteDance latest news and updates South China Morning Post


The Chinese owner of TikTok faces road blocks in its plan to go public as Beijing revises its data regulatory framework, sources told the South China Morning Post.

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ByteDance, the Chinese owner of TikTok, is working on an open platform that will allow users to create their own chatbots, as the company races to catch up in generative artificial intelligence.

TikTok names ByteDance’s Chew Shou Zi as new CEO South China Morning Post


On April 9th, the day before Zuckerberg's testimony began, Bytedance was ordered to suspend its most popular product, a news-aggregator app called Jinri Toutiao (Today's Headlines). The next.

ByteDance latest news and updates South China Morning Post


TikTok owner ByteDance is discussing the sale of its gaming unit Moonton Technology with potential buyers, two years after it acquired the Shanghai-based studio in a deal that valued it at $4.

Beijing court rules against Tencent, ByteDance in user data infringement cases South


ByteDance is planning to build a platform that will let users create their own chatbots, per a report from the South China Morning Post.

ByteDance scores its first mobile game hit in China in ongoing battle with market leader Tencent


ByteDance Offers Investors a Buyback at $268 Billion Valuation. ByteDance Ltd., parent of social video phenom TikTok, is offering to buy back up to $5 billion from investors, according to people familiar with the matter. The new offer, earlier reported by the South China Morning Post, is pitched at $160 per share, the same level as ByteDance.

Tencent said to join rivals Alibaba, ByteDance in picking Singapore as Asia hub after India, US


ByteDance Ltd. is in discussions with external investors on a cash infusion for its Zillow-like real estate listings and deals service, aiming to spin off and create an independent business that.

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Wed, Dec 6, 2023, 3:46 AM 1 min read. By Kane Wu and Josh Ye. HONG KONG (Reuters) - TikTok owner ByteDance is offering to buy back around $5 billion worth of shares from investors at a price that.

AlibabaOwned South China Morning Post Makes Major Foray Into NFT Industry


The logo of ByteDance, the China-based company which owns the short video apps TikTok and Douyin, is seen at its office in Beijing, China, on July 7, 2020.

US senators call for intelligence probe into app TikTok, owned by China’s ByteDance South


06 Dec 2023 04:46PM (Updated: 06 Dec 2023 04:59PM) HONG KONG : TikTok owner ByteDance is offering to buy back around $5 billion worth of shares from investors at a price that will value the.

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The newspaper quoted an unnamed government official involved in regulating ByteDance, saying that the IPO had to be postponed because of tensions between the U.S. and China. ByteDance reached a.

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The 38-year-old AI coding genius, searching for ByteDance's next big act, has set his sights on China's $1.7 trillion e-commerce arena. The co-founder has hired thousands of staff and roped in.

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