TikTok-owner ByteDance is on track to generate at least $27.2-billion in advertising revenue in China alone this year, which will cement its number two spot in China’s digital ad market, sources said.
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ByteDance, the Chinese parent company of TikTok, has filed a petition with a US appeals court challenging a Trump administration order set to take effect on Thursday requiring it to divest TikTok.
Toshiba said it will stop taking orders for new coal-fired power plants as it makes a wider push to embrace renewable energy, though will still complete work on about 10 further facilities.
Zoom’s remarkable share price surge in 2020 took a huge hit on Monday after Pfizer said the Covid-19 vaccine it’s developing prevented more than 90% of infections in a study.
A representative of US President-elect Joe Biden lashed out at Facebook, alleging that the social media giant is “shredding the fabric of our democracy” in the aftermath of the American election.
Huawei plans to sell budget-brand smartphone unit Honor in a $15.2-billion deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, sources said.
China’s technology industry, one of Donald Trump’s main targets in Washington’s tussles with Beijing, hopes Joe Biden can create a more constructive relationship – but few think the rivalry will de-escalate.
Apple has suspended new business with key supplier Pegatron after discovering labour violations at a student workers’ programme, taking strong action to clean up its Chinese-focused production chain.
China’s move to halt Ant Group’s massive stock debut could reduce the fintech giant’s value by as much as $140-billion, according to analysts’ revised estimates.
ByteDance is in discussions over a $2-billion financing round before listing some of its businesses in Hong Kong, people familiar with the matter said, as talks over a sale of TikTok to Oracle and Walmart stall.