ByteDance, the owner of TikTok, would opt to shut down the app rather than sell it if legal avenues to challenge US legislation banning the platform are exhausted, according to four sources familiar with the matter.$ByteDance(FT0001)$$バイトダンスコンセプト銘柄(BK1266.HK)$ The algorithms integral to TikTok's operations are considered essential to ByteDance's overall functions, making a sale of the app with these...
ByteDance unveils its AI character interaction app, "Hualu", crafted by the Flow department within its product R&D and engineering divisions, reports Chinese media. Notably, talent from tech giants like$アリババ・グループ・ホールディング(BABA.US)$'s Alibaba Cloud and$BIDU-SW(09888.HK)$'s ERNIE Bot have migrated to ByteDance's Flow department, indicating a shift in talent dynamics. However, the workload within the department ...
$美団点評(03690.HK)$, after turning a profit last year, plans to minimize losses in Meituan Select, focusing on strategic adjustments rather than scaling up. CEO Wang Xing aims to raise price markups and cut subsidies for Meituan Select, while prioritizing key capabilities over market expansion. Internal restructuring will enable closer collaboration between takeaway delivery, in-store, and hotel + ...
The US National Institute of Standards and Technology (NIST) clarified that a ByteDance researcher was mistakenly added to a groupchat for American AI safety experts last week. The individual, erroneously included by a consortium member, was swiftly removed upon NIST's discovery of the affiliation. ByteDance and the researcher did not respond to requests for comment. The incident raised concerns given TikTok's se...
To reduce the negative list for foreign investment access, expand the opening up for telecommunication and healthcare sectors, and scrap the negative list of manufacturing. To expand access to foreign financial institutions in the banking and insurance sectors. To expand the business scope for the domestic bond market, allow foreign financial institutions to underwrite onshore bonds. To expand pilot projects for Limited Partners...
Canadian authorities are investigating TikTok's investment program, according to reports from Chinese media. Details of the Canadian investigation remain undisclosed, with officials refraining from commenting on its relation to the U.S. ban. In September 2023, the Canadian Cabinet initiated a national security review of TikTok's expansion proposal. TikTok pledges to support Canada's investigation, emphasizing its commitment to platform security...
Republican Representative Mike Gallagher suggests ByteDance investors could benefit from a TikTok sale, easing concerns over Chinese influence. Efforts to address this issue gained momentum in an election year. Gallagher's House bill, aimed at forcing ByteDance to divest TikTok, received bipartisan support. While concerns exist over banning TikTok, Gallagher believes a sale could happen before November. He argues it would en...
The algorithms integral to TikTok's operations are considered essential to ByteDance's overall functions, making a sale of the app with these...
Notably, talent from tech giants like $アリババ・グループ・ホールディング(BABA.US)$'s Alibaba Cloud and $BIDU-SW(09888.HK)$ 's ERNIE Bot have migrated to ByteDance's Flow department, indicating a shift in talent dynamics. However, the workload within the department ...
Internal restructuring will enable closer collaboration between takeaway delivery, in-store, and hotel + ...
The individual, erroneously included by a consortium member, was swiftly removed upon NIST's discovery of the affiliation.
ByteDance and the researcher did not respond to requests for comment.
The incident raised concerns given TikTok's se...
Details of the Canadian investigation remain undisclosed, with officials refraining from commenting on its relation to the U.S. ban.
In September 2023, the Canadian Cabinet initiated a national security review of TikTok's expansion proposal.
TikTok pledges to support Canada's investigation, emphasizing its commitment to platform security...
Gallagher's House bill, aimed at forcing ByteDance to divest TikTok, received bipartisan support. While concerns exist over banning TikTok, Gallagher believes a sale could happen before November. He argues it would en...
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Source: China Starmarket Daily
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