TikTok Tag

14 Mar TikTok owner ByteDance acquires stake in memory chip firm InnoStar to bolster VR unit Pico as it takes on Apple’s Vision Pro

Posted at 11:00h in Asia

Picoheart, a Singapore-based affiliate of ByteDance, earlier this month invested an undisclosed amount to acquire a 9.5 per cent shareholding in state-backed InnoStar, which is headquartered in Shanghai, according to data from company registry information provider Qichacha.That investment was made “in hopes of utilising the...

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11 Mar TikTok gets thumbs up in China for ‘tough stance’ against US lawmakers pushing new effort to ban the ByteDance app

Posted at 12:30h in Asia

ByteDance, the Chinese tech unicorn that is again facing a US ban of its flagship TikTok app unless it divests, has earned a “thumbs up” at home after rallying its young users against the legislation in an effort mirroring some of the more aggressive tactics...

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07 Mar TikTok owner ByteDance offers to buy back shares from employees at 7 per cent premium over previous round

Posted at 10:30h in Asia

ByteDance, China’s most valuable unicorn and the owner of TikTok, has started a new round of share buy-backs for its global employees that price the equity higher than the previous round, according to two people familiar with the matter.The Beijing-based company has offered to purchase...

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06 Mar China to oppose US lawmakers’ new move forcing ByteDance to divest TikTok amid mainland tech restrictions, analysts say

Posted at 13:30h in Asia

A bipartisan bill was introduced in the US House of Representatives on Tuesday that would give ByteDance 165 days to divest TikTok, or else the app would no longer be available on US app stores or be accessible on web-hosting services in the country.The Chinese...

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05 Mar Alibaba tests generative AI tools for Taobao and Tmall merchants as new tech arms race heats up China’s e-commerce sector

Posted at 13:00h in Asia

The generative AI tools provided by Huiwa, operated by Alibaba subsidiary Hangzhou Lianfan Information Technology, enable merchants to create both text and graphics content. Alibaba owns the South China Morning Post.A merchant, for example, can input a brief description of a product, which prompts the...

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29 Feb Exclusive | AI takes priority at TikTok owner ByteDance, as Sora disrupts the future of video creation

Posted at 13:30h in Asia

ByteDance is “secretly” working on multiple AI products, including text-to-image and text-to-video technology, according to a report on Wednesday by Chinese media outlet Jiemian.The team responsible for video-editing app CapCut, managed by Kelly Zhang Nan – former CEO of the Douyin unit, which oversees TikTok’s...

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20 Feb TikTok faces threat of hefty fine as EU opens formal investigation over potential breach of Digital Services Act

Posted at 03:10h in Asia

The European Union will investigate whether ByteDance’s TikTok breached online content rules aimed at protecting children and ensuring transparent advertising, an official said on Monday, putting the social media platform at risk of a hefty fine.EU industry chief Thierry Breton said he took the decision...

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16 Feb ByteDance founder Zhang asks village to remove stone tablet that calls him a ‘spiritual idol’, according to reports

Posted at 13:00h in Asia

Zhang Yiming, the billionaire founder of TikTok parent ByteDance, has asked a village in his home province to remove a stone tablet that called him a “spiritual idol”, according to local media reports.Images of a stone tablet dedicated to 40-year-old Zhang began to circulate on...

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12 Feb US President Joe Biden’s re-election campaign joins TikTok with ‘lol hey guys’ to woo younger voters

Posted at 22:15h in Asia

US President Joe Biden’s re-election campaign launched its official TikTok account during the Super Bowl on Sunday after months of weighing whether to join the popular social media platform he has banned on federal devices because of national security concerns.The “@bidenhq” account uploaded its first...

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12 Feb Xiaomi says ‘confidence building’ measures needed from India after Delhi’s scrutiny of Chinese firms unnerves suppliers

Posted at 06:21h in Asia

China’s Xiaomi has told New Delhi that smartphone component suppliers are wary about setting up operations in India amid heavy scrutiny of Chinese companies by the government, according to a letter and a source with direct knowledge of the matter.Xiaomi, which has the...

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