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The Latest Breaking News from ByteDance

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

The Guardian - UK

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

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.…

TuSimple Looks to Decouple From China. Others to Follow?

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

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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…

Asharq Al-Awsat

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

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…

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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Finding Middle Ground: Chinese Companies Need to Recalibrate Their Global Strategies

Finding Middle Ground: Chinese Companies Need to Recalibrate Their Global Strategies

By Lub Bun Chong The U.S.-China decoupling shows no signs of abating anytime soon. That means that, like it or not, Chinese companies need to go back to the drawing board and recalibrate their international fundraising and growth strategies.

YouTube Talks Metaverse, Blockchain Plans Firing Up Rivalry With Facebook

YouTube Talks Metaverse, Blockchain Plans Firing Up Rivalry With Facebook

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube looks to start creating metaverse experiences on its video platform, beginning with gaming, amid increasing competition with ByteDance Inc's TikTok and Meta Platforms Inc's (NASDAQ:FB) Instagram. YouTube elaborated on its blockchain and metaverse plans for 2022, saying it could harness emerging technologies to cut fraud in the fast-growing digital art market and…

Here's What Happened Between China Regulator And Alibaba, Tencent

Here's What Happened Between China Regulator And Alibaba, Tencent

The Cyberspace Administration of China (CAC) said its official publication had carried out interviews with companies like Tencent Holdings Ltd (OTC:TCEHY), Alibaba Group Holding Ltd (NYSE:BABA), and TikTok parent ByteDance, Reuters reports. The interviews followed the January 28 meeting held with 27 firms to discuss "healthy and sustainable" development. Tencent founder and CEO Pony Ma…

China's Cyber Watchdog Spells Out Development Strategies for Tech Giants

China's Cyber Watchdog Spells Out Development Strategies for Tech Giants

China's cyberspace watchdog said a symposium it held with Chinese tech giants last month had given the industry a "clearer understanding" and more confidence in how to pursue development and opportunities as they adjust to a new regulatory landscape. The Cyberspace Administration of China said its official publication had carried…

Asharq Al-Awsat

TikTok Tests Age-rated Content Restrictions

TikTok Tests Age-rated Content Restrictions

TikTok is working on ways to rate and restrict content by age in order to prevent adult content from reaching teenage users of its short video app, the company said at a news briefing. TikTok, which has exploded in popularity among teens in recent years, said it was running a…

Asharq Al-Awsat

Alibaba, TikTok Parent Launch Interest-Oriented Social Apps: Report

Alibaba, TikTok Parent Launch Interest-Oriented Social Apps: Report

Alibaba Group Holding Ltd (NYSE:BABA) owned online shopping platform Taobao launched an interest-oriented community app called "Yousha" Pandaily reports. TikTok parent ByteDance Ltd's news and information content platform Toutiao tested a smart reading app called "Shiqu." The report adds that both the apps drive social interaction with personal interests, creating an interactive…

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