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TikTok owner ByteDance sees its earnings double in 2020

China's biggest technology companies have been coming under increasing scrutiny both at home and abroad.
Tags: Business, China, Bytedance, Tiktok


Hit game PUBG Mobile returns to India with scores of questions

Krafton, which filed for an IPO earlier this week, has built a gigantic gaming empire. If the firm is able to raise the target $5 billion from the IPO it will be the largest public offering in its home country, South Korea. The firm has something to celebrate elsewhere in the world, too. On Thursday, it pulled off another feat that no other firm has been able to achieve: Its sleeper hit title, PUBG Mobile, has made a return to India, which banned the title more than nine months ago. The world’s ...
Tags: Apple, Google, TC, Gaming, Apps, Asia, South Korea, China, Ipo, India, Tech, Alibaba, Tencent, Mobile Gaming, New Delhi, South Asia


TikTok Owner ByteDance's 2020 Revenue Soars, Net Loss at $45 Billion - Memo

BEIJING (Reuters) - TikTok owner ByteDance's total revenue more than doubled last year to $34.3 billion but its net loss widened to $45 billion,...
Tags: Beijing, Reuters, Bytedance


Messaging social network IRL hits unicorn status with SoftBank-led $170M Series C

Social calendar app IRL has been busy building a messaging-based social network, or what founder and CEO Abraham Shafi calls a “WeChat of the West.” Following its pandemic-fueled growth and further push into the social networking space with group chat and other features, IRL is today announcing a sizable $170 million Series C growth round, led by SoftBank’s Vision Fund 2. The fundraise also mints IRL as a new unicorn with a $1.17 billion valuation. Besides SoftBank, new investor Dragoneer also p...
Tags: Social, Startups, TC, Facebook, Apps, Instagram, Social Networks, California, Softbank, Funding, San Francisco, Tech, United States, WeChat, Twitch, Social Network


President Biden Signs Executive Order Revoking Trump-Era Ban on TikTok and WeChat

U.S. President Joe Biden has withdrawn a series of executive orders from his predecessor Donald Trump banning Chinese apps TikTok and WeChat in the United States. Trump signed several executive orders banning apps tied to China during his time in office. In the most high profile order, Trump ban any U.S. transactions"ordered a ban of the short-form video app TikTok, which is owned by Chinese firm Bytedance, in 2020. However, Trump's bans were never enforced after several court orders blocked...
Tags: Iphone, Apple, Ios, Ipad, Mac, White House, China, US, Joe Biden, United States, Rumors, Biden, Donald Trump, Trump, Commerce Department, U S Department of Commerce


Biden To Revoke and Replace Trump's Executive Order That Sought To Ban TikTok

President Biden on Wednesday will revoke a Trump-era executive order that sought to ban the popular app TikTok and replace it with one that calls for a broader review of a number of foreign-controlled applications that could pose a security risk to Americans and their data. From a report: According to a memo circulated by the Commerce Department and obtained by The New York Times, the order will address a number of applications and bolster recent actions the Biden administration has taken to cur...
Tags: Tech, New York Times, Biden, Trump, Donald J Trump, Commerce Department, Bytedance, Tiktok, Replace Trump


Biden revokes and replaces Trump actions targeting TikTok and WeChat

President Joe Biden signed an executive order revoking actions targeting TikTok and WeChat signed by former President Donald Trump, according to a statement released by the White House on Wednesday. President Biden signed a new order instead requiring the Commerce Department to review apps with ties to “jurisdiction of foreign adversaries” that may pose national security risks. The “increased use in the United States of certain connected software applications designed, developed, manufactured, o...
Tags: Google, Facebook, Asia, Government, Nsa, White House, China, US, Tech, Joe Biden, United States, Commerce, Tencent, Biden, Donald Trump, Trump


Top Stories this AM: Powell says Trump could be 'reinstated'; Osaka withdraws from French Open; Bytedance's surveillance lamp

Good morning and welcome to your weekday morning roundup of the top stories you need to know.For more daily and weekly briefings, sign up for our newsletters here.What's going on today:Same old, same old: Ex-Trump lawyer Sidney Powell showed up to a QAnon conference in a biker vest and falsely claimed Trump could be "reinstated" as president. Powell, who's filed dozens of unsuccessful lawsuits attempting to overturn 2020 election results, falsely told the crowd that Trump could still be ...
Tags: Elon Musk, Texas, News, China, Newsletter, Trends, Tesla, Ford, Paris, Gm, Bill, Osaka, Abbott, Trump, Greg Abbott, Sidney Powell


Parents in China are snapping up a $120 smart lamp that has 2 surveillance cameras to keep an eye on their kids while they do their homework

ByteDance says the smart lamp was designed so busy parents can stay involved in their kids' studies. Getty Images/Images By Tang Ming Tung Parents in China are snapping up a $120 smart lamp to help them keep an eye on their children's studying, The WSJ reports. The lamp has two cameras and connects to smartphones so parents can monitor their kids remotely. It's made by TikTok owner ByteDance, which is venturing into China's $40 billion online education market. See more stor...
Tags: Asia, New York, China, Singapore, Trends, Alibaba, WSJ, Reuters, Afp, Dali, The Journal, Zhang Yiming, Bytedance, Liza Lin, Chen Lin, Tiktok


SiriusXM partners with TikTok on a new music channel, Pandora Playlists, and more

SiriusXM is leaning into TikTok. The satellite radio company and Pandora parent today announced a partnership with the social video platform to power several new initiatives, including a TikTok channel on SiriusXM, hosted TikTok playlists on Pandora, and re-airings of Pandora LIVE events on TikTok. The hosted playlists on Pandora are the first of the new initiatives to launch. Starting today, popular TikTok creators will curate, host and promote their own Pandora playlists to their fans on TikTo...
Tags: Mobile, Apps, Music, Media, Tech, Pandora, United States, Viral, Gwen Stefani, Streaming Music, Sirius Xm, Playlists, Streaming Service, Apple Music, Playlist, Jazmine Sullivan


ByteDance’s video editor CapCut is the latest to top the U.S. App Store

From time to time, we see a Chinese app climbing to the top of Google Play and App Store in a host of Western countries. It might be a utility tool like a selfie beautifier or some casual video game, which has universal appeal and require little localization effort. But most of them tend to be a blip on the radar. The latest Chinese app to top the overseas charts is from TikTok owner ByteDance. Called CapCut, the video editing app allows users to not only add a trove of stickers, filters and eff...
Tags: Google, TC, Asia, Entertainment, China, Tech, United States, App Store, Freeware, Social Network, Video Hosting, U S App Store, Meitu, Sensortower, Major, Video Editor


Bytedance boss exits at time of uncertainty for Chinese tech firms

Analysis: political undercurrents cannot be ignored as Zhang Yiming stands down to ‘daydream’TikTok: six of the video-sharing app’s greatest hitsIn the latest retreat by a leading figure in China’s booming tech sector, the chief executive of TikTok’s parent company has said he will step down to focus on long-term strategy, saying he prefers “reading and daydreaming” to the challenge of running a multinational firm.Zhang Yiming, the 38-year-old boss of Bytedance, set out the reasons for the move ...
Tags: Business, Technology, China, World news, Asia Pacific, Zhang Yiming, Bytedance, Tiktok


China Authorities Name 105 Apps for Improper Data Practices

China’s internet watchdog has said it found Bytedance’s Douyin, Microsoft Bing, LinkedIn and 102 other apps were engaged in improper data collection and usage.
Tags: China, Bytedance, Douyin Microsoft Bing LinkedIn


Founder of TikTok Owner ByteDance To Step Down As CEO

An anonymous reader quotes a report from Axios: Zhang Yiming, co-founder of TikTok owner ByteDance, is stepping down as CEO and moving to a new role, the company said in a memo released Thursday. The replacement of Zhang with human resources chief Liang Rubo, another TikTok co-founder, marks the "biggest corporate shake-up" at the firm since it launched in 2012, going on to become a major social media player in China and turning TikTok into a massive global force, per Reuters, which first report...
Tags: China, Tech, Reuters, Zhang, Liang, Zhang Yiming, Bytedance, Liang Rubo


Top Stories this AM: India's second epidemic; Bytedance has a new boss; Cohen says Trump will 'flip on all of them'

Good morning and welcome to your weekday morning roundup of the top stories you need to know.For more daily and weekly briefings, sign up for our newsletters here.What's going on today:Two Indian states have declared black fungus an epidemic. The fungus, known as mucormycosis, affects the sinuses, brain, and lungs, and has a 50% mortality rate. This means India is now struggling with a second, concurrent epidemic - even as COVID deaths surge.Zhang Yiming, the cofounder of Bytedance, which ow...
Tags: Congress, Washington, Senate, India, Trends, Gop, Capitol Hill, Trump, Don, Rob Portman, Cohen, Michael Cohen, Vance, Zhang, Ohio Senate, J D Vance


ByteDance CEO to Step Down, Says He'd Rather Daydream Than Manage People

The CEO of ByteDance, Zhang Yiming, is stepping down at the end of 2021 according to a memo posted to the ByteDance website on Thursday. And while most corporate transitions are filled with bland PR-speak, Yiming’s departure memo is an interesting case study in honesty.Read more...
Tags: Science, Software, Freeware, Zhongguancun, Business Finance, Jamie Powell, Video Software, Zhang Yiming, Bytedance, Pinduoduo, Tiktok, Li Auto, Yiming, ByteDance Zhang Yiming, Companies Of China, Economy Of China


10 things in tech you need to know today

The Ford F-150 Lightning EV truck. Ford Good morning and welcome to 10 Things in Tech. If this was forwarded to you, sign up here.Let's get started.1. Ford debuted its all-electric F-150 truck. The battery-powered truck starts at $40,000 and goes on sale in spring 2022. You can read more about pricing and specs here.2. Microsoft is pulling the plug on Internet Explorer next year. It will be replaced by Microsoft Edge, which offers more speed and security. RIP to the 25-year-old web brow...
Tags: Elon Musk, Microsoft, Newsletter, Trends, Tech, Tesla, Ford, Bill Gates, Reddit, Miami, Airbnb, Salesforce, Travelers, Zhang, Newsletters, Peloton


Founder of TikTok owner ByteDance resigns as CEO

‘I lack some of the skills that make an ideal manager,’ says Zhang Yiming
Tags: Bytedance


TikTok owner Bytedance's cofounder Zhang Yiming steps down as CEO, saying he's not an 'ideal manager'

ByteDance cofounder & CEO Zhang Yiming. Visual China Group via Getty Images; Ruobing Su/Business Insider Zhang Yiming, cofounder of TikTok parent company ByteDance, is stepping down as CEO, Reuters reported. Yiming told employees he isn't an "ideal manager" and would be better in a role that doesn't involve managing people. Yiming has reportedly built a $36 billion fortune since launching Bytedance. See more stories on Insider's business page. Zhang Yiming, cofounder of the Chi...
Tags: News, China, International, Trends, Social Media, Markets, Getty Images, Reuters, CEOs, Tech Insider, Zhang Yiming, Bytedance, Tiktok, Tyler Sonnemaker, Yiming, Bloomberg Billionaires Index Zhang


Meet Zhang Yiming, the secretive Chinese billionaire behind TikTok worth $44 billion who just stepped down as ByteDance CEO

ByteDance CEO Zhang Yiming makes his own TikToks - and requires his senior employees to as well. Visual China Group via Getty Images; Ruobing Su/Business Insider Zhang Yiming has built a $44.5 billion fortune since cofounding ByteDance, the Chinese tech giant behind TikTok. Despite being one of the wealthiest people in China, Zhang is extremely private and little is known about his personal life. Zhang recently stepped down as ByteDance CEO, saying he's "not very social" and lacks mana...
Tags: Google, Microsoft, Life, Finance, China, US, Trends, Bloomberg, Joe Biden, Features, Getty Images, Billionaires, Time Magazine, Federal Trade Commission, Visual China Group, Billionaire


ByteDance Co-Founder Zhang Yiming to Step Down as CEO

Bytedance co-founder Zhang Yiming said Thursday that he will step down as chief executive and transition to a new position. He will be succeeded by fellow co-founder Liang Rubo, ByteDance’s current head of human resources. The news was announced in an internal memo to employees. It marks the most significant corporate change to the TikTok […]
Tags: Asia, News, Global, Zhang Yiming, Bytedance, Tiktok, ByteDance Co, Liang Rubo ByteDance


CEO of TikTok owner ByteDance to step down and move into a new role

Zhang Yiming, co-founder of ByteDance — the owner of TikTok — will step down as CEO and transition to a new role, the company said on Thursday.
Tags: Zhang Yiming, Bytedance


Exclusive: ByteDance Co-Founder Zhang Yiming to Step Down as CEO

By Echo Wang(Reuters) - Zhang Yiming, the co-founder of TikTok owner ByteDance, told employees of the Chinese technology giant in an internal memo...
Tags: Zhang Yiming, Bytedance, Tiktok, ByteDance Co, Echo Wang Reuters Zhang Yiming


ByteDance Founder Zhang Yiming to Step Down as CEO

By Echo Wang and Yingzhi Yang(Reuters) -Zhang Yiming, founder of TikTok owner ByteDance, told employees of the Chinese technology giant in a memo...
Tags: Zhang Yiming, Bytedance, Tiktok, Echo Wang, Yingzhi Yang Reuters Zhang Yiming


ByteDance Founder to Step Down as CEO, Hand Over to College Roommate

By Echo Wang and Yingzhi Yang(Reuters) - Zhang Yiming will step down as chief executive of TikTok-owner ByteDance, leaving the task of navigating a...
Tags: Bytedance, Tiktok, Echo Wang, Yingzhi Yang Reuters Zhang Yiming


Google updates its cross-platform Flutter UI toolkit

Flutter, Google’s cross-platform UI toolkit for building mobile and desktop apps, is getting a small but important update at the company’s I/O conference today. Google also announced that Flutter now powers 200,000 apps in the Play Store alone, including popular apps from companies like WeChat, ByteDance, BMW, Grab and DiDi. Indeed, Google notes that 1 in 8 new apps in the Play Store are now Flutter apps. The launch of Flutter 2.2 follows Google’s rollout of Flutter 2, which first added support ...
Tags: Google, Android, TC, Adobe, Microsoft, Samsung, Tech, Chrome Os, Computing, Sony, WeChat, Tizen, Windows 10, Linux, Web Apps, Play Store


TikTok Wants To Be Its Own Economy

TikTok is apparently the latest platform to make the shift from social media site to a glorified digital mall. On Tuesday, Bloomberg reported that TikTok has started floating the idea of in-app shopping to brands over in Europe, hoping to hook young EU shoppers—and their wallets—in the process. Read more...
Tags: Europe, Science, Instagram, Walmart, Eu, Bloomberg, Software, Bloomberg LP, Levi, Mobile Applications, Business Finance, Video Software, Music Software, Bytedance, Tiktok, Application Software


Shouzi Chew Named CEO of TikTok

Social video juggernaut TikTok named Shouzi Chew, the financial chief of its Chinese parent company ByteDance, as its new CEO. Chew will retain his role at ByteDance in addition to leading its most popular Western app. Vanessa Pappas, who has been in charge of the company since August on an interim basis, will stay on...
Tags: Advertising, Social Media, Platforms, Bytedance, Vanessa Pappas


TikTok Names New CEO and Chief Operating Officer

TikTok announced a new CEO and COO, in what its Chinese parent company ByteDance said was “a strategic reorganization” to optimize the popular short-form video app’s global teams and support its continued growth. Shou Zi Chew, who joined ByteDance last month as CFO, will now also become CEO of TikTok. Vanessa Pappas, who has served […]
Tags: Asia, News, Coo, Bytedance, Tiktok, Vanessa Pappas, TikTok Vanessa Pappas, Shou Zi Chew


Beijing Warns Fintech Firms Against Anti-Monopoly Behavior

Chinese financial regulators have summoned 13 companies engaged in online finance services, including Tencent and Bytedance, and told them to strengthen anti-monopoly measures.
Tags: Tencent, Bytedance