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In December 2023, TikTok invested $1.5 billion in GoTo's Indonesian e-commerce business, Tokopedia. In March 2024, The Information reported that it is an open secret among investors that TikTok loses billions of dollar annually.
Zhang Yiming ( Chinese: 张一鸣; born April 1, 1983) is a Chinese internet entrepreneur. He founded ByteDance in 2012, developed the news aggregator Toutiao and the video sharing platform Douyin (internationally known as TikTok ). As of March 2024, Zhang's personal wealth was estimated at US$40.2 billion, according to Bloomberg Billionaires ...
See more. March 13, 2024 at 1:48 PM. The U.S. House of Representatives passed a bill on Wednesday that would ban TikTok, a popular social media app, if the Chinese-based parent company refuses to...
President Biden signed a landmark bill Wednesday morning that gives China's ByteDance up to one year to divest TikTok or face a US ban on the app.
April 26, 2024 at 8:44 AM. Joe Raedle/Getty Images. Despite the passage of a bill requiring TikTok to divest itself from its parent company or face a ban in the United States, China’s ByteDance ...
Recorded 23 March 2023. Website. tiktok.com. Shou Zi Chew ( Chinese: 周受资; born 1 January 1983) is a Singaporean businessman who has been serving as the chief executive officer of TikTok, an online video platform owned by Chinese company ByteDance, since 2021.
On Wednesday, the U.S. House of Representatives voted 352-65 to ban the social media app TikTok in the U.S. unless its parent company — Beijing-based ByteDance — agrees to sell it.
First released to the public in September 2017, TikTok is a video-sharing social networking service [75] used to make short-form videos, from genres like dance, comedy, and education. [76] [77] On 9 November 2017, ByteDance acquired Shanghai -based social media start-up Musical.ly for up to US$ 1 billion.
In 2020, then-President Trump signed an executive order banning the app in the U.S. But the move was shot down by the courts. TikTok ultimately agreed, however, to work with Oracle to ensure that ...
ByteDance and TikTok. In May 2020, Mayer resigned from The Walt Disney Company to become COO of Chinese internet technology company ByteDance Ltd and CEO of its social media app TikTok. On August 26, less than four months after taking the position, Mayer announced that he would step down from both roles and leave ByteDance altogether.