Zhang Yiming, founder of ByteDance, has become China's richest person with a net worth of $49.3 billion, surpassing former top spot holder Zhong Shanshan of Nongfu Spring.
Tags: TikTok
Apple to Reinstate TikTok on US App Store Following Attorney General's Directive
Apple will reinstate TikTok on the US App Store following a directive from Attorney General Pam Bondi, temporarily easing legal tensions.
Trump Signs Order Establishing Sovereign Wealth Fund That He Says Can Buy TikTok
President Donald Trump has initiated the first steps that will make a sovereign wealth fund possible, suggesting that it can even buy TikTok
Perplexity AI Seeks TikTok Merger to Form a New Company That Would Give US Government 50% Share
Perplexity AI proposes merging with TikTok's US operations, with the government controlling 50% after an IPO to address security concerns while keeping TikTok's algorithm.
TikTok's US Operations Valued at $50B if Sold, $20B Without Algorithm
TikTok's US operations may be sold for $40–$50B due to its 115M users, though regulatory scrutiny, national security concerns, and algorithm exclusions may lower the value.
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ByteDance fired an intern for allegedly sabotaging its AI model, Doubao, though the company claims the damage reports are exaggerated.
Shein allegedly sold "authenticated" Coach bags, according to a fashion content creator, but Coach clarified it has no affiliation with the retailer and does not authenticate third-party purchases.
Dozens of ByteDance employees in Singapore were hospitalized for severe food poisoning, prompting an investigation by health officials into the third-party catering service used by the company.
ByteDance, owner of TikTok, must comply with the Digital Markets Act, with the EU regulator rejecting ByteDance's claim that TikTok should not be classified as a "gatekeeper" in the digital space.
A Singapore TikToker's viral video warns women about a scam offering $9,000 for a sexually suggestive photoshoot involving 50 men.
Gen Z has been primarily looking for trends online rather than visiting department stores, according to a recent report.
A coalition of social and racial justice groups argued in a legal brief that a federal ban or forced sale of TikTok would suppress minority voices by disrupting a crucial platform for online connection and advocacy.
Oracle said a ban on TikTok in the United States might hurt its business. Oracle said a ban on TikTok in the United States might hurt its business, the software company admitted in its annual report on Monday, June 24.
TikTok has accused the Biden administration of "political demagoguery" during critical negotiations, as revealed in a letter disclosed on Thursday (June 20).
