ByteDance


Alibaba and Tencent interested in buying iQIYI but wary of costs and regulations

Alibaba and Tencent have both held separate talks with Baidu over buying a controlling stake in VOD platform iQIYI, claims a new report. According to sources cited by Reuters, both giants are interested in increasing their empires by adding the Chinese Netflix equivalent, but have reached an impasse over pricing and regulatory scrutiny. TikTok owner […]

ByteDance considers listing ‘Chinese TikTok’ Douyin in Hong Kong

ByteDance, the owner of social media app TikTok, is reportedly in internal and external talks with investment banks to launch Douyin in Hong Kong. Douyin, officially known as Dǒuyīn duǎn shìpín, is a separate app from TikTok, but serves a similar purpose of allowing users to create and consume short-form video content. The main difference […]

US TikTok ban temporarily halted

A US federal judge has temporarily halted the Trump administration’s ban on short-form video app TikTok. The app, owned and operated by Chinese firm ByteDance, had been ordered to divest its operations by Trump, amid fears over where the data was housed and influence of the Chinese government in the service’s operation. Microsoft was initially […]

Former Disney D2C boss Mayer resigns as TikTok CEO

Kevin Mayer, Disney’s former head of direct-to-consumer and international, has left his new role as CEO at TikTok just three months into the job. Mayer joined the video app firm in May, becoming COO of Chinese parent ByteDance at the same time. However, the Mouse House veteran said he would be stepping down following President […]