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News tagged 'ByteDance'

Trump issues bans on China’s TikTok, WeChat, stoking tension with Beijing

Aug 7, 2020

WASHINGTON: US President Donald Trump on Thursday unveiled sweeping bans on US transactions with China’s ByteDance, owner of video-sharing app TikTok, and Tencent, operator of messenger app WeChat, in a major escalation of tensions with Beijing. The executive orders, which go into effect in 45 days, come after the Trump administration said t...

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Microsoft confirms talks seeking to buy US arm of TikTok

Aug 3, 2020

NEW YORK: Microsoft confirmed Sunday it is in talks with Chinese company ByteDance to acquire the US arm of its popular video app TikTok and has discussed with President Donald Trump his concerns about security and censorship surrounding such an acquisition. In a statement, Microsoft said Microsoft and ByteDance have provided notice of their intent...

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TikTok owner ByteDance considers listing China business in Hong Kong or Shanghai: sources

Jul 31, 2020

Also considers listing non-China business in Europe or US – source In talks with HKEX, China regulators for China business IPO -sources Had previously eyed global listing in US or HK -sources Plans considered amid growing US-China tensions -sources Talks as some ByteDance investors look separately to take over TikTok BEIJING/HONG KONG: Chi...

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