ByteDance valuation under huge pressure as TikTok sale nears

As it reached an estimated valuation of $100 billion this year, TikTok’s parent company ByteDance solidified its status as the most valuable startup in private markets. Its success outside China…

Read more »

TikTok announces first data center in Europe

TikTok, the Chinese video sharing app that’s found itself at the center of a geopolitical power struggle which threatens to put hard limits on its global growth this year, said…

Read more »

TikTok updates policies to ban deepfakes, expand fact-checks, and flag election misinfo

As uncertainty swirls around TikTok’s future in the U.S., the company this morning announced new Community Guidelines focused on helping keep misleading and deceptive content off its platform. The new…

Read more »

TikTok unveils $200 million fund for U.S. creators

TikTok today announced a $200 million fund, aimed at helping top creators in the U.S. supplement their earnings, and potentially coax the next Charli D’Amelio out of the woodwork. Called…

Read more »

COVID-19 pivot: Travel unicorn Klook sees jump in staycations

Spring 2020 was gloomy for Klook. As countries closed their borders and went into complete or partial lockdown, the SoftBank-backed travel platform saw its revenue plummet by as much as…

Read more »

Apple and Google block dozens of Chinese apps in India

Two days after India blocked 59 apps developed by Chinese firms, Google and Apple have started to comply with New Delhi’s order and are preventing users in the world’s second…

Read more »

TikTok is engaging with India over ban and already complies with local privacy and security requirements, CEO says

Kevin Mayer, the chief executive of TikTok said on Wednesday that the popular short-form video app complies with “all data privacy and security requirements under Indian law,” two days after…

Read more »

Snow’s avatar app Zepeto registers 150M users, eyes China market

Some of you may recall the South Korean app Zepeto that went viral among Gen Z users a year and a half ago. The app, which renders selfies into animated…

Read more »

Senate bill seeks to ban Chinese app TikTok from government work phones

On Thursday, Sen. Josh Hawley (R-MO) and Sen. Rick Scott (R-FL) introduced legislation to further restrict the use of the popular viral video app TikTok on government devices. The bill…

Read more »

TikTok to open a ‘Transparency Center’ where outside experts can examine its moderation practices

TikTok, the popular social media app owned by Chinese tech company ByteDance, has been under a national security investigation by U.S. lawmakers who have raised concerns about the company’s access…

Read more »