Sources: in recent months, China told ByteDance, Tencent, Alibaba, Baidu, and others to cut back on Nvidia purchases in favor of chips made by local companies — Chinese authorities have a message for the local tech industry: Buy Chinese. —…
SoftBank reports a $4.6B gain on its Vision Fund in the fiscal year to March 2024, the first gain since 2021, after ByteDance and DoorDash rose in value — SoftBank posted a 724.3 billion Japanese yen ($4.6 billion) gain on its Vision Fund…
As threatened, TikTok, Inc. and ByteDance, Ltd., the owner of the TikTok app, filed suit against the United States on May 7, 2024, alleging that the Protecting Americans From Foreign Adversary Controlled Applications Act (“the Act”) is…
TikTok vs. US filing: ByteDance founder Zhang Yiming owns a 21% stake in TikTok's parent company, and is living in Singapore while keeping Chinese citizenship — - Zhang has a 21% stake in the world's most valuable startup — Chinese tech…
TikTok and ByteDance go on the attack as it files its lawsuit against the United States. There is no holding back for TikTok and ByteDance as they filed their promised lawsuit against the United States government for the recently approved …
TikTok and its parent company ByteDance filed a lawsuit Tuesday (May 7) asking the court to review the constitutionality of a law that requires ByteDance to sell TikTok’s U.S. business or have it shut down. “That law — the Protecting…
WASHINGTON >> TikTok and its Chinese parent company ByteDance sued in U.S. federal court today seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 million Americans or…
The companies said they filed a lawsuit in the U.S. Court of Appeals for the District of Columbia arguing that the law violates the U.S. Constitution on a number of grounds.