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The Latest Breaking News from ByteDance

Concerns over TikTok feeding user data to Beijing are back – and there's good evidence to support them

When English statesman Sir Francis Bacon famously said “knowledge is power”, he could hardly have foreseen the rise of ubiquitous social media some 500 years later.

The Conversation

Benzinga Before The Bell: Record Inflows In 'Short Bitcoin' Funds, Elon Musk's Trillionaire Possibility, Gmail's Political Bias And Other Top Financial Stories Tuesday, July 5

Reuters

Benzinga

TikTok Says China-Based Employees Can Access US User Data

TikTok, which is owned by China's ByteDance, has confirmed that China-based employees can access U.S. user data under certain circumstances.

Benzinga

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TikTok Tells US Senators Data Not Shared with Chinese Communist Party

TikTok sought to reassure US senators this week that it is taking all necessary steps to limit access to users' data from outside the United States, including by employees of its parent company, the Chinese group ByteDance. The social media company responded by letter Thursday to questions from nine Republican…

Asharq Al-Awsat

TikTok says it's putting new limits on Chinese workers' access to U.S. user data

TikTok addressed Republican senators who have raised concerns that the Chinese-owned app could be sharing Americans' data with the Chinese government. TikTok says this is not happening.

WEKU

TikTok on defense after report on foreign access of US user data

Republican lawmakers were concerned after a BuzzFeed report showed that non-public US user data was accessed abroad

The Guardian - US

Khaby Lame, Now The Most Popular TikTok Star, Named Brand Ambassador Of This Crypto Company

A former factory worker is now the most followed person on ByteDance-owned social media platform TikTok. After crossing that milestone, Khaby Lame has landed a deal with cryptocurrency platform Binance.

Benzinga

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Tencent, Other Chinese Companies Follow Western Counterparts In Laying off Staff As Economic Slowdown Weighs

Chinese tech giants like Tencent Holding Ltd (OTC:TCEHY) and TikTok parent ByteDance Ltd implemented fresh layoffs affecting thousands of employees in their latest round of cost-cutting, the Wall Street Journal reports. The job cuts added on to the tens of thousands of employees already axed by Chinese internet companies since late 2021 after the domestic regulatory crackdown crushed the…

Benzinga

FCC demands TikTok be pulled while domestic data threats persist

Commissioner Brendan Carr wrote a letter to Apple and Google claiming TikTok is an 'unacceptable national security risk.'

Input

Meta's Biggest Rival Posts Visible Success On Gaming Foray Despite Bigger Rivals Like Tencent, NetEase

TikTok parent ByteDance Ltd's gaming foray exudes promise as spending across its mobile titles grew over the past year, according to Sensor Tower. The report highlighted TikTok owner generated $1 billion of player spending across its mobile games as of the year ended June 20, 2022, up 16% year-on-year. ByteDance had set…

Benzinga

Looks like TikTok was sending U.S. user data to China after all

Leaked calls obtained by 'Buzzfeed News' reveal that engineers in China had access to U.S. data. Now, TikTok claims that all of its data is going to U.S. servers in Texas.

Input

Chinese staff can access TikTok’s US data: Report

India’s decision to ban the Chinese short-form video app TikTok on security concerns, and former US President Donald Trump’s threats to do so might have been well-founded.

The Times of India

TikTok Says Oracle to Keep US User Data Safe

TikTok on Friday said Oracle will store all the data from its US users, in a bid to allay fears about its safety in the hands of a platform owned by ByteDance in China. The announcement came as the popular video snippet sharing service fended off concerns about the ability…

Asharq Al-Awsat

Living in TikTok's Shadow, Kuaishou Bleeds Red Ink and Cash

Key Takeaways: Kuaishou’s adjusted net loss narrowed in the first quarter, but its ad revenue came under pressure during China’s latest Covid containment measures

Benzinga

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Benzinga

Your Gaming Options Are Set To Explode — Thanks To TikTok

ByteDance-owned TikTok is testing games on its short-form video platform through a tie-up with Zynga Inc (NASDAQ: ZNGA) as it plans to foray into new waters, Reuters

Bangkok Post

TikTok Is Eating Up Rivals. Can It Keep Users Hooked?

If the sun is setting on Facebook, then TikTok is dancing in the moonlight. How long can its short-form video hold consumers' fickle attention?

Benzinga

Why Alibaba, Other Tech Peers Are Slumping In Hong Kong Today

Shares of U.S.-listed Chinese companies slumped heavily in Hong Kong on Tuesday as the market opened after a long weekend.

Input

The U.S. is investigating TikTok for being a haven for child predators

Unprecedented user growth coupled with little incentive is making it far too easy for malicious actors.

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The Guardian - UK

The rise of TikTok: why Facebook is worried about the booming social app

Chinese-owned video platform is set to overtake the advertising scale of Twitter and Snapchat combined

Benzinga

China Cracks Down Upon Tencent, Other Tech Giants Over Algo Abuse; Questions Alibaba, Others To Address Job Cuts

China looks to rein in the potential abuse of algorithms by internet giants from ByteDance Ltd to Tencent Holdings Ltd (OTC: TCEHY), Bloomberg reports. The Cyberspace Administration of China looks to inspect how social media platforms serve up ads and content to hook users, especially the large-scale websites, platforms, and products with significant influence.…

Benzinga

TuSimple Looks to Decouple From China. Others to Follow?

Key Takeaways: Autonomous truck company TuSimple is reportedly looking to spin off its China business, leaving its more advanced U.S. business as its main asset Such a spinoff could provide upside for company’s stock by significantly reducing U.S. national security concerns By Doug Young

Asharq Al-Awsat

China’s Cyberspace Regulator Drafts New Rules to Protect Minors

Companies engaged in online gaming, livestreaming, audio and video in China should set up a "youth mode" to protect minors, according to draft regulations issued on Monday by the Cyberspace Administration of China. The major platforms should regularly conduct assessments on cyber protection for minors in order to provide a…

Axios

TikTok's national security saga nears its end

TikTok is in talks to store all of its U.S. user info with Oracle, without Chinese owner ByteDance being able to access it

Benzinga

TikTok Close To Storing US Data With Oracle: Reuters

TikTok is close to forging a deal for Oracle Corp (NYSE:ORCL) to store its U.S. users' information without its Chinese parent ByteDance having access to it, Reuters reports. Oracle will store all of TikTok's U.S. user data on Oracle data servers under the new proposed partnership. Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Cloud currently stores…

Benzinga

Here's Why Jack Ma Led Alibaba Affiliate's IPO Got Postponed Indefinitely

Jack Ma's Alibaba Group Holding Ltd (NYSE:BABA) affiliated fintech Ant Group's Hong Kong listing got postponed indefinitely as the bankers remained concerned over China's continued crackdown on the domestic tech sector, the Infomation reports. The weakness of publicly traded Chinese tech stocks, including Alibaba, has made it difficult for Ant and its stakeholders.…

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