US President Joe Biden is withdrawing a series of executive orders that sought to ban new downloads of WeChat and TikTok.
Just last year, the world’s most valuable start-up, ByteDance, was being squeezed from all sides. For all the obstacles, the company kept growing. Now its founder, 38-year-old Zhang Yiming, is among the world’s richest people.
Shares of ByteDance, the Chinese parent of hit video app TikTok, are trading at a valuation of more than $250-billion in the secondary market, according to people familiar with the matter.
Discord is not new, but talks about a $10-billion sale to Microsoft has the world wondering about this videogame-centric chat app.
ByteDance is suing Tencent Holdings over alleged monopolies in its WeChat and QQ platforms, escalating a feud between the leading Chinese social media giants.
The next killer smartphone app has arrived – and it offers the potential to transform how we communicate, share knowledge and even make new friends.
A deadline set by the Trump administration for the forced sale of TikTok’s US assets is expected to come and go on Friday night without a final deal, according to people familiar with the discussions.