INSEAD Day 4 - 728x90

ByteDance

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.
  • US defends forcing sale of TikTok app

    TikTok's suit argues this violates First Amendment rights of free speech.
  • ByteDance profits jump 60%

    Sales also grew to nearly $120 billion from $80 billion.
  • European Union probes Apple, Google, Meta under new digital law

    Among six firms named as market "gatekeepers" under the EU's landmark Digital Markets Act -- along with Amazon, TikTok owner ByteDance and Microsoft -- the companies have been obliged to comply with the new law since March 7.
  • ByteDance’s dilemma: Defending TikTok’s ‘secret sauce’ from US interference

    Seoul, South Korea - As a US campaign to sever TikTok from its Chinese parent heads to the Senate, analysts say Beijing's response to a forced sale of the app -- and its 'secret sauce' algorithm -- will be clear: Hands off. Under new legislation that passed the House of Representatives...
  • TikTok dragged into US election as Trump opposes ban

    Years of on-and-off attempts of banning the Chinese owned app have resurged in the United States with the introduction of a bill in Congress that could see the app forced to cut ties with its Chinese owner, Bytedance. The US House of Representatives could vote this week on the bill...
  • European Union slaps $1.9bn fine on Apple over violation of rules

    Brussels, Belgium - The EU on Monday hit Apple with a more than 1.8-billion-euro fine ($1.9 billion) for violating the bloc's laws by preventing European users from accessing information about alternative, cheaper music streaming services. The iPhone maker immediately vowed to appeal the first ever antitrust fine slapped on Apple by...
  • ByteDance to sell gaming arm

    It is in talks with buyers including tech giant Tencent.
  • Baidu cancels YY Live deal

    The deal was originally expected to be completed by 2021.
  • TikTok’s e-commerce venture paying off in Southeast Asia

    From Indonesia, TikTok Shop "aggressively expanded into five additional Southeast Asian markets, many of which boasted large populations of TikTok users" and invested to improve its e-commerce capabilities, said Weihan Chen, head of insights at Momentum Works. The return of offline shopping after Covid-19 restrictions were lifted led to a...
  • TikTok parent firm ByteDance’s founder lost $17bn in 2022

    ByteDance's success in China's highly competitive internet sector has been largely thanks to its popular short video app Douyin.
  • Tencent 2022 profit falls

    Tencent is the owner of popular messaging app WeChat.
  • US tells TikTok to snap ties with ByteDance to avert ban

    The ultimatum to TikTok came from the US interagency board charged with assessing risks foreign investments represent to national security. Western powers, including the European Union and the United States, have been taking an increasingly tough approach to the app, citing fears that user data could be used or abused...
  • Fearing ban, TikTok seeks to calm Europe’s worries over data privacy

    TikTok executives said the company was working with a third-party European security company to oversee and check how it handles European users' data, which will be stored at two centers in Dublin and one in Norway from 2023 onwards. European users' data are currently stored in the United States and...
  • White House endorses bipartisan bill empowering US to ban TikTok

    The Senate bill and the backing of the White House accelerated the political momentum against TikTok, which is also the target of a separate piece of legislation in the US House of Representatives.
  • European Parliament bars TikTok on official devices for staff

    Brussels, Belgium - The European Parliament has told staff to purge TikTok from devices used for work because of data protection concerns, after similar moves by the EU's main governing bodies last week. The parliament's president, Roberta Metsola, and the secretary-general, Alessandro Chiocchetti, decided TikTok must not be used or installed...
  • Canadian privacy regulators launch TikTok probe

    The Chinese-owned platform is under growing Western scrutiny, and Canada's move came just hours after the European Commission banned the app from all employees' work devices to "protect" the institution. The investigation was initiated "in the wake of now-settled class-action lawsuits in the United States and Canada, as well as...
  • European Commission bars TikTok use by staff over data protection

    The ban also means European Commission staff cannot use the Chinese-owned video-sharing app on personal devices including phones that have official apps installed, the spokesperson said, confirming a report by news website Euractiv.
  • TikTok CEO to testify before US lawmakers in March

    TikTok is fighting for its survival in the US with rising calls from mainly Republican lawmakers that the company should be outright banned for its links to Beijing. Shou Zi Chew will give testimony before the House Energy and Commerce Committee after Republicans recently took over as the majority in...
  • More political storms for TikTok after US government ban

    Owned by Chinese tech giant ByteDance, TikTok has become a political punching bag for US conservatives who allege that the app downloaded by millions of US young people can be circumvented for spying or propaganda by the Chinese Communist Party (CCP). TikTok is the equivalent of "digital fentanyl," said Republican...
  • China’s ByteDance admits using TikTok data to track journalists

    Employees had obtained the IP addresses of the journalists in a bid to determine whether they were in the same location as ByteDance colleagues suspected of disclosing confidential information, a company review of the scheme led by its compliance team and an external law firm found, according to Andersen.
  • TikTok says Oracle to keep US user data safe

    TikTok on Friday said Oracle will store all the data from its US users, in a bid to allay fears about its safety in the hands of a platform owned by ByteDance in China. The announcement came as the popular video snippet sharing service fended off concerns about the ability...
  • TikTok videos get longer

    The app is now letting users upload videos as long as 10 minutes.
  • Tik Tok likely to help regional businesses this year

    Powered by a highly personalized content recommendation system TikTok can help brands connect with a qualified, engaged audience, the Talkwalker and Hubspot research says.
  • TikTok users can now post videos up to 3 minutes

    Option to post longer videos will roll out in the coming weeks TikTok has more than 1 billion users worldwide; 100 million in the US TikTok will be letting users post videos up to three minutes in length, tripling the prior cap to stay ahead of competitors. TikTok is believed...