ByteDance

TikTok’s Rise Makes Its Founder The Richest Person In China

The rise of TikTok on the global stage has catapulted Zhang Yiming, co-founder of its parent company, ByteDance, to become China’s wealthiest individual. As per the latest report from the Hurun Research Institute, Zhang's net worth has soared to $49.3 billion (£38 billion), marking a staggering 43% increase from 2023....

TikTok Faces Legal Battle Over US Law That Could Force Sale By ByteDance, Its Chinese Owner

TikTok’s legal team argued in court on Monday that a US law requiring the company to be sold by its Chinese owner, ByteDance, could have a “staggering” impact on free speech for its 170 million American users. The law, prompted by concerns over data security and alleged links to Chinese...

TikTok’s Independent Algorithm: A Move to Appease U.S. Lawmakers Amidst Divestiture Talks

TikTok is currently working on creating an independent version of its recommendation algorithm for its 170 million U.S. users. This initiative aims to address concerns from American lawmakers who have been pushing for a ban or forced sale of the app due to national security concerns. According to sources familiar...

Biden Greenlights Ukraine Aid, TikTok Ban Bills Amid GOP Opposition

In a significant move, President Joe Biden signed a landmark bill into law on Wednesday, securing billions of dollars in new aid for Ukraine amidst its ongoing conflict with Russia. This development marks a rare bipartisan victory for the Biden administration as it navigates reelection efforts and addresses critical international...

Will move forward with bill to block TikTok: US House Speaker Kevin McCarthy

Amid growing calls in the United States to ban TikTok, which is owned by the Chinese company ByteDance, US House of Representatives Speaker Kevin McCarthy announced on Sunday that lawmakers will move forward with legislation to "protect Americans from the Chinese Communist Party's technological tentacles." McCarthy stated on his official...