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On Saturday, the US House of Representatives passed a bill that would ban TikTok if its parent company does not sell the app within a year. Lawmakers cite privacy concerns, but that claim doesn't hold up to scrutiny.
The results mark the first time that ByteDance has overtaken arch-rival Tencent both in revenue and profit as it leveraged its popular short-video platforms…
While ByteDance’s revenue continues to expand, the company’s revenue growth has come down compared with a year prior. TikTok parent ByteDance turned an…
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Follow RT on An Indian court has reportedly rejected ByteDance’s plea to unblock its bank accounts, frozen amid the probe of possible tax evasion, until the Chinese company deposits around $11 million to compensate for its financial dealings. A government counsel told a two-judge bench at the High Court in Mumbai city on Tuesday that the company behind popular video app TikTok owed the Indian authorities about 790 million rupees ($11 million), Reuters reported. The judges reportedly ruled that the sum must be kept in a state-run bank and the amount should be frozen. Al...