GUANGZHOU, China — ByteDance has acquired major mobile gaming studio Moonton, highlighting its ambitions in the video game industry and pitting it against Chinese giant Tencent. Known as the owner of ...
NEW YORK, March 21 (Reuters) - White House-led talks on the future of TikTok are coalescing around a plan for the biggest non-Chinese investors in parent company ByteDance to up their stakes and ...
ByteDance hit a fresh valuation of about $480 billion after a Chinese investment firm grabbed a block of its shares in a heated auction that ran on Wednesday, according to data from Bloomberg. The ...
TikTok’s Chinese parent company will likely get about half of the profit from the platform’s US operation even after it sells majority ownership to American investors as part of a deal orchestrated by ...
TikTok’s Chinese owner is poised to keep roughly half the profits from the app’s US business — even after ceding majority ownership to US investors under a deal pushed by President Trump, according to ...
(Bloomberg) -- A Chinese investment firm bought a block of ByteDance Ltd. shares at a valuation of $480 billion, far above recent levels, a sign of strong investor interest in the parent company of ...
Several current US-based investors in TikTok’s Chinese parent ByteDance are reportedly looking to join Larry Ellison’s Oracle in a potential deal for the video-sharing app to soothe national security ...