White House adviser Peter Navarro said he expects US President Donald Trump to take “strong action” against Chinese-owned social media apps TikTok and WeChat for engaging in “information warfare” against the US.
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Secretary of state Mike Pompeo said late on Monday that the US is “certainly looking at” banning Chinese social media apps, including TikTok.
Zoom, one of the few success stories of the Covid-19 pandemic, now faces a new competitor in an app backed by Asia’s wealthiest person Mukesh Ambani.
Indian Prime Minister Narendra Modi has deleted his account on Sina Weibo, China’s answer to Twitter, as tensions between the two countries continue to simmer.
China over the past decade built an alternate online reality where Google and Facebook barely exist. Now its own largest tech corporations are getting a taste of what a shutout feels like.
China has penalised 10 of the country’s most popular live-streaming apps, suspending some of their operations in a renewed crackdown on fast-growing services.
TikTok parent company ByteDance generated more than $17-billion in revenue and more than $3-billion in net profit last year, making it a serious rival to Facebook and Google.
ByteDance’s valuation has risen at least a third to more than $100-billion in recent private share transactions, people familiar with the matter said.
Walt Disney Co’s top streaming executive, Kevin Mayer, will leave the entertainment and theme parks giant to become the CEO of TikTok, the popular video app owned by China’s ByteDance.
The Covid-19 pandemic likely barely dented Tencent Holdings’ growth. The bigger long-term threat may be the growing posse of challengers to its Internet leadership.