TikTok’s Chinese owner is poised to keep roughly half the profits from the app’s US business — even after ceding majority ownership to US investors under a deal pushed by President Trump, according to ...
Last year, most lawmakers deemed the Chinese tech giant ByteDance a national security risk and banned its apps. Now, under a Trump reprieve, it’s shipping new apps anyway. In 2024, Congress passed a ...
Catherine Thorbecke is a Bloomberg Opinion columnist covering Asia tech. Previously she was a tech reporter at CNN and ABC News. ByteDance Ltd. is best known abroad as the embattled parent of TikTok.
Investor conviction in ByteDance's potential has deepened, with its valuation rising, reflecting growing confidence in the country's tech capabilities. ByteDance may still be "largely undervalued" ...
(Bloomberg) -- ByteDance Ltd. is on track for profits of roughly $50 billion in 2025, capping a record year for a Chinese social media leader making major inroads into e-commerce and new markets. The ...
ByteDance, the parent company of TikTok, has built what is currently the most popular AI chatbot in China: Doubao. Launched in 2023, the app has risen to the top of the country’s generative AI market, ...
HONG KONG, Aug 27 (Reuters) - ByteDance, the owner of short-video app TikTok, is set to launch a new employee share buyback that will value the Chinese technology giant at more than $330 billion, ...
TikTok's parent company ByteDance is planning to increase its spending on artificial intelligence (AI) in 2026, with $23 billion in reported capital expenditure. According to The Financial Times, ...
A Chinese investment firm bought a block of ByteDance Ltd. shares at a valuation of $480 billion, far above recent levels, a sign of strong investor interest in the parent company of video sensation ...