TikTok released a statement Thursday that its parent company ByteDance has reached a rudimentary agreement with Oracle and Walmart after months of confrontation between the hit short video app and the White House over national security concerns.
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Xinhua reported that the revised export catalog may restrict TikTok from selling its US operations because the deal must be approved by China.
TikTok and its Chinese version of Douyin have earned more than $102 million in the global App Store and Google Play.
Chinese TechFin company Ant Group topped the Hurun Global Unicorn Index of 2020 with a valuation of 1 trillion yuan ($150 billion), according to Hurun Research Institute’s ranking of the world’s unicorns.
On August 3, at 12:40 PM, Beijing local time, ByteDance founder Zhang Yiming sent out an all-staff letter in response to the potential sale of TikTok’s US operations.
Zynn, Kuaishou's overseas short video app will return to Google's play store soon.
Kuaishou, China's second-largest short-video startup, marched to the US market during the COVID-19 pandemic with its new app "Zynn".
Rumors that ByteDance is to launch a virtual idol group “Project V” have risen as ByteDance posted multiple job openings related to acting, live streaming, game developing and virtual idol operations.
The mobile game industry has arguably become the biggest beneficiary of the COVID-19 outbreak.
Search giant Baidu is tapping into the automobile consumption market, launching a car information app Youjia.
We caught up with two expert witnesses, Derek Scissors and Samm Sacks, to reflect on the hearing and analyze the future of US-China tech relations.
While Gojek has reportedly denied its involvement in such talks, a potential merger between the two does not sound like something completely out of the question.
This is a groundbreaking move for the whole industry, as 'Lost in Russia' is the first ever Chinese film sold to a short video company before its release in the cinema. There are several different perspectives on the long-term implications of the move.
In 2019, Chinese tech companies increasingly shifted their focus overseas, in an effort to gain influence and market share abroad.
With a seamless integration of e-commerce into social media, including video sharing and live-streaming, sellers on Kuaishou are able to bring down-to-earth content and goods to its users. That's what the so-called “老铁经济,” or “homie economy,” is all about.