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Benzinga
Benzinga
Business
Anusuya Lahiri

Why TikTok Owner's AI Phone Is Making China's Apps Nervous

TikTok ByteDance United States China ByteDance Ltd Donald Trump Doubao Nubia Alibaba Fidelity
Trump Says He May Give China 'A Little Reduction In Tariffs Or Something' To Get TikTok Deal Done — Clock Is Ticking For ByteDance

TikTok owner ByteDance Ltd launched its artificial intelligence-powered smartphone last week, sparking online buzz and prompting swift pushback.

Rivals like Tencent Holding Ltd (OTC:TCEHY) and Alibaba Group Holding Limited (NYSE:BABA), raised concerns over security risks and the potential for users to spend less time on their platforms.

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