ByteDance
Internet technology company in China
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01.07.2024Labour Party wins the general election
01.07.2024Labour Party wins the general election
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business 2025-06-30 14:18
Trump claims wealthy buyers are ready to purchase TikTok - Donald Trump indicated that a group of wealthy buyers is interested in acquiring TikTok.
- This announcement comes as a federal law mandating its divestiture has faced multiple enforcement delays.
- The final outcome may hinge on approval from China, impacting TikTok's future operations in the United States.
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business 2025-06-12 00:35
ByteDance faces critical deadline to divest TikTok's U.S. assets - ByteDance is required to sell TikTok's U.S. assets by June 19, 2025.
- Multiple U.S. companies and high-profile individuals have expressed interest in acquiring TikTok.
- The future of TikTok hinges on ongoing negotiations between the U.S. and China, particularly over national security concerns.
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technology 2025-06-09 00:00
Asia's investors struggle as venture capital dealmaking slows amid economic changes - Venture capital dealmaking in Asia has slowed due to strained economic relations with the U.S. and a weak domestic economy.
- Despite this, several investors have been recognized in Forbes' Midas List for their substantial contributions to major tech companies.
- The landscape suggests challenges for future investments, raising concerns among stakeholders about innovation and growth.
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politics 2025-05-04 21:00
Trump considers TikTok deadline extension amid negotiation challenges - President Donald Trump stated he may extend the current June 19 deadline for TikTok's divestiture if no agreement with ByteDance is reached.
- Ongoing discussions for a deal involve creating a new firm owned by U.S. investors, but trade tensions complicate negotiations.
- The situation has escalated concerns among lawmakers regarding legal authority and the implications of tariffs on the deal.
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politics 2025-04-10 07:10
Trump confirms tariffs blocked TikTok deal with China - President Donald Trump announced a 34% tariff on Chinese imports, impacting negotiations for TikTok's sale.
- Following the tariff announcement, ByteDance decided not to proceed with a previously negotiated deal.
- Trump's tariffs are seen as a crucial factor that ultimately prevented the TikTok divestment deal from happening.
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politics 2025-04-01 16:37
Trump faces imminent TikTok ban deadline amid negotiations - The U.S. government mandates TikTok's parent company, ByteDance, to divest its U.S. operations by April 5, 2025.
- Plans for a new company to manage TikTok's operations are being discussed, but compliance with the law is uncertain.
- The deadline to finalize any sale or divestiture is approaching, presenting critical implications for TikTok's future in the U.S.
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business 2025-02-10 13:42
Elon Musk denies interest in acquiring TikTok amid US ban speculation - Elon Musk indicated that he has no interest in acquiring TikTok's US operations amidst speculation.
- TikTok faces significant legal challenges in the US, centered on potential data misuse concerns linked to its Chinese ownership.
- Musk's rejection of a TikTok acquisition demonstrates his focus on building companies rather than buying existing ones.
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business 2025-01-30 16:23
Microsoft enters negotiations to acquire TikTok amidst national security concerns - Donald Trump announced Microsoft's negotiations to purchase TikTok, aimed at preventing a potential U.S. ban.
- The acquisition comes amidst elevated concerns over data privacy and national security, owing to TikTok's Chinese ownership.
- Trump's push for a bidding war reflects his strategic outlook towards achieving beneficial outcomes for the U.S.
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politics 2025-01-28 01:39
Perplexity AI proposes controversial TikTok merger with U.S. government stake - Perplexity AI has revised its merger proposal to ByteDance to create a new holding company.
- The proposal includes allowing U.S. government ownership of up to 50% in the new entity.
- This merger aims to satisfy national security concerns while keeping TikTok operational in the U.S.
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politics 2025-01-15 01:53
Senator Ed Markey pushes for more time in TikTok sale deadline - Senator Ed Markey introduced the Extend the TikTok Deadline Act to extend the divestment deadline.
- He argues that a ban would harm the communities built by TikTok creators in the U.S.
- This legislative action reflects growing concerns about national security and digital content creation.
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technology 2024-12-14 00:00
Keyu Tian wins award amid serious sabotage allegations - The Best Paper Award at NeurIPS 2024 was controversially awarded to Keyu Tian, a former intern at ByteDance.
- Accusations emerged that Tian sabotaged his colleagues' AI research and hoarded resources for his projects.
- The online AI research community is demanding the revocation of the award due to these serious ethical concerns.
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society 2024-11-29 07:11
ByteDance files lawsuit against intern for sabotaging AI project - ByteDance is suing former intern Tian Keyu for $1.1 million, accusing him of sabotaging AI model training.
- Tian allegedly manipulated code and made unauthorized changes to disrupt the training tasks.
- The case raises concerns about the protection of intellectual property amid the competitive AI landscape.
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technology 2024-09-30 03:38
ByteDance Plans AI Model Training with Huawei Chips - ByteDance is reportedly planning to develop a new AI model using Huawei's Ascend 910B chips amid U.S. export restrictions.
- The company has accelerated its chip development efforts and currently uses the Ascend 910B for less intensive AI tasks.
- The situation reflects the ongoing U.S.-China tech tensions, with ByteDance seeking domestic suppliers to enhance its AI capabilities.
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category, sub-category 2024-09-17 00:00
TikTok whistleblower reveals father kidnapped by Chinese police - A former TikTok employee claims his father was detained by Chinese police after he spoke to the media about censorship practices.
- The employee reported ongoing harassment from authorities, leading him to delete social media posts for his family's safety.
- ByteDance has denied involvement in the intimidation, raising concerns about the implications for whistleblowers and national security.
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technology, business 2024-09-03 00:00
Xavier Niel joins ByteDance board, replacing Coatue’s Laffont - Xavier Niel, a French billionaire and owner of Iliad, is joining ByteDance's board of directors.
- He replaces Philippe Laffont, founder of Coatue Management, who is considering selling part of his stake in the company.
- Niel's appointment may indicate ByteDance's strategy to diversify its leadership and adapt to the changing digital environment.
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politics, technology 2024-08-23 16:30
Biden Signs Law to Force TikTok Sale or Ban - President Biden signs legislation in April to push ByteDance to sell TikTok or face a ban from US app stores.
- ByteDance, the technology company in China that owns TikTok, could be forced to make a decision on the future of the popular app.
- The United States of America takes a stance on the fate of TikTok within its borders, potentially impacting millions of users.
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politics 2024-08-16 19:54
Tim Walz Debuts on TikTok with Dog Scout Amid National Security Concerns - Tim Walz's dog Scout appeared in his first TikTok video by the Mississippi River.
- Kamala Harris remarked on national security concerns about TikTok's owner, ByteDance.
- The debut comes after Joe Biden signed a law seeking to force ByteDance to sell TikTok.
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society, politics, technology 2024-08-02 00:00
US Takes Legal Action Against TikTok for Data Privacy Concerns - The US government sues TikTok over concerns of collecting American data for the Chinese government.
- The lawsuit is the latest legal action taken against TikTok for privacy issues.
- The case highlights the ongoing debate over data privacy and national security in the tech industry.
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society, technology, politics 2024-07-27 12:37
TikTok Faces Legal Scrutiny Over User Data Practices - Federal officials claim that TikTok employees utilized an internal system to gather sensitive user data concerning topics like abortion and gun control.
- In response, the U.S. Department of Justice is pursuing legal action to compel ByteDance to divest its ownership of TikTok's U.S. operations by January 2024.
- This investigation underscores ongoing concerns regarding user privacy and data security within popular social media platforms.
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politics, technology 2024-07-26 08:13
Harris Joins TikTok for Campaign - Vice President Kamala Harris debuts official TikTok account for the 2024 presidential campaign.
- Harris joins TikTok despite the Biden administration's ban on the app due to national security concerns.
- Harris's move shows the increasing importance of social media in political campaigns.
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politics 2024-07-19 13:20
Verdict on TikTok, Von der Leyen’s promises - CJEU dismissed ByteDance arguments on EU digital rules.
- Von der Leyen laid out tech policy promises.
- EU taking action on tech regulation and policy under Von der Leyen's leadership.
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technology, politics, legislation 2024-07-17 12:43
EU Court Upholds TikTok's Parent Company as Gatekeeper Under Digital Markets Act - The EU Court of Justice confirmed ByteDance as a gatekeeper under the Digital Markets Act.
- This designation was based on the European Commission's decision.
- ByteDance's arguments against the designation were dismissed.
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international affairs 2024-05-09 06:00
Bytedance founder's elite status in Singapore revealed in TikTok lawsuit - Bytedance founder Zhang Yiming is a member of the elite Chinese community in Singapore.
- TikTok's lawsuit against the US government highlights the connection between Bytedance's ownership and Chinese influence concerns.
- The situation raises questions about the global reach and political implications of social media platforms like TikTok.
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business 2024-04-26 20:04
ByteDance stands firm on not selling TikTok post Biden's ban approval - ByteDance refuses to sell TikTok despite pressure from the US government.
- The company prefers shutting down TikTok in the US over selling it due to concerns about algorithms.
- President Biden's ban approval has put ByteDance in a tough position regarding TikTok's future in the US.
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miscellaneous 2024-04-24 04:52
If ByteDance doesn't sell it, the Senate will pass a bill forcing TikTok to face a ban You've reached the end
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