The usual agenda of trumpeting China’s chip innovation at a major industry confab was coloured by fears the industry might be next to suffer trade sanctions from the Trump administration.
Browsing: ByteDance
China’s new rules around tech exports mean ByteDance’s sale of TikTok’s US operations could need Beijing’s approval, a Chinese trade expert told state media.
Despite its superficially frivolous nature, young people have been using TikTok to send political messages, coordinate political actions and hang out in an online space largely free of adults.
Walmart said it was joining Microsoft in a bid for social media company TikTok’s US assets, revealing its plans hours after CEO Kevin Mayer said he would step down.
TikTok CEO Kevin Mayer has left the company, less than three months after he joined the hit short-video app, and US GM Vanessa Pappas will replace him on an interim basis.
Tencent Holdings jumped the most in two weeks after White House officials are said to have reassured American businesses that a ban on its WeChat app won’t be as broad as feared.
Oracle’s bid for the US operations of TikTok received the backing of US President Donald Trump, bolstering the software maker’s attempt to derail takeover talks led by rival Microsoft.
Oracle has held preliminary talks with ByteDance on a potential bid for part of TikTok’s business, seeking to rival a competing bid by Microsoft, the Financial Times reported.
US President Donald Trump now has a verified account on TikTok competitor Triller, another sign of the White House’s disfavour toward the ByteDance-owned video-sharing app.
Donald Trump’s WeChat ban targets a celebrated Chinese innovation at the heart of the world’s largest mobile gaming and social media empire, threatening one of the more eye-catching stock rallies of 2020.