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April 10, 2023 06:49 AM IST Earnings before interest, tax, depreciation and amortization, or Ebitda, jumped 79% to about $25 billion in 2022, the report said, citing two investors briefed on the numbers.
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March 22, 2023 04:39 PM IST Pressure is mounting from lawmakers and national security hawks to ban TikTok, which is owned by China's ByteDance, over fears the app could censure content, influence users, and pass Americans' personal data to Beijing, allegations the company denies.
- March 15, 2023 09:46 AM IST
G42, controlled by United Arab Emirates royal Sheikh Tahnoon bin Zayed Al Nahyan, acquired a $100 million-plus stake from existing investors in recent months through its 42XFund, people with knowledge of the deal said.
- March 15, 2023 06:56 AM IST
A divestiture, which could result in a sale or initial public offering, is considered a last resort, to be pursued only if the company’s existing proposal with national security officials doesn’t get approved, according to people familiar with the matter. Even then, the Chinese government would have to agree to such a transaction, the people said.
- February 08, 2023 08:49 PM IST
According to the report, a Douyin spokesperson said that the company has been “testing a feature in Beijing, Shanghai and Chengdu that enables merchants to promote and sell ‘group-buying’ packages to Douyin users in these select cities and have them delivered.”
- January 30, 2023 09:54 PM IST
"TikTok has knowingly allowed the ability for the Chinese Communist Party to access American user data," US representative Cathy McMorris Rodgers, who heads the committee, said in a statement on Monday.
- December 23, 2022 06:04 PM IST
An investigation conducted by an outside law firm found two employees were in the US and two were from China
- December 21, 2022 02:30 PM IST
The social media giant has revealed more about the way its algorithm works
- December 16, 2022 06:46 PM IST
The bill calls for a ban on TikTok from all devices issued by federal agencies
- December 15, 2022 03:06 PM IST
The test is currently limited to select users globally
- November 23, 2022 02:21 PM IST
The Union is looking into allegations that data is being sent to Chinese servers
- October 21, 2022 01:44 PM IST
TikTik in it's rebuttal said that it doesn't collect precise location information from US users
- October 13, 2022 07:07 AM IST
The TikTok parent plans to eventually integrate music streaming within its short-video service and scale it to serve as a major platform for distributing music globally, according to the report that cited people with knowledge of the discussions.
- September 28, 2022 12:12 PM IST
Shareholders approved the proposal at an extraordinary meeting on Tuesday, but it was not known if any board members are to be replaced, the paper added.
- September 21, 2022 05:38 PM IST
The move comes as TikTok, owned by China's ByteDance, and other social media platforms are working to clamp down on political misinformation ahead of the U.S. midterm elections in November, after years of being criticized for allowing such content to flourish on their services.
- September 16, 2022 03:53 PM IST
The exercise is mainly aimed at helping some of its shareholders improve their liquidity positions, a person with direct knowledge of the plan said.
- August 09, 2022 03:39 PM IST
TikTok’s Chinese owner paid about 10 billion yuan to take full ownership of Amcare Healthcare, which runs women’s and children’s hospitals in cities from Beijing to Shenzhen
- July 14, 2022 06:58 PM IST
Alibaba plans to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70, Reuters learnt from sources.
- July 14, 2022 09:40 AM IST
It emulates Xiaohongshu, often likened to Meta Platforms Inc's Instagram and which is widely considered the embodiment of "planting grass" - the notion that reviews can entice readers or followers to buy a product or service.
- July 09, 2022 05:37 PM IST
Elon Musk weasels way out of Twitter deal, Xiaomi announces CyberDog, ED raids Vivo, and more.
- July 09, 2022 08:35 AM IST
One of TikTok’s original creators has left its Chinese parent company ByteDance Ltd. after Beijing’s year-long regulatory crackdown scuppered an expansion into gaming and education.
- June 21, 2022 06:08 AM IST
VerSe Innovation, which runs Dailyhunt, has appointed media veteran Shekhar Iyer as its Director and General Manager for Middle East and North Africa
- June 18, 2022 09:23 PM IST
The video app made its announcement before BuzzFeed News published an article detailing how TikTok employees felt it was difficult to successfully wall off its data from China.
- June 09, 2022 10:20 AM IST
Brands will have to think like creators and original TikTokers will possibly not put all their eggs in one basket this time around if the app makes a comeback in India.
- June 03, 2022 09:17 PM IST
ByteDance received $102.67 million for its entire investment. Considering VerSe Innovation’s $805-million primary fundraise in April, which it raised at a valuation of $5 billion, ByteDance should have received about $232 million for its investment.
