ByteDance investors value TikTok at $50 bn in takeover bid: Sources

Credit: WorldNews- Published 2 weeks ago
NEW YORK/HONG KONG: Some investors of TikTok's parent company ByteDance seeking to take over the popular social media app are valuing it at about $50 billion, significantly more than peers such as Snap Inc, according to people familiar with the matter. Beijing-based ByteDance is considering a range of options for TikTok amid...
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Video credit: Reuters Studio
Published 2 weeks ago -  01:27
TikTok owner discussing China IPO - sources
TikTok-owner ByteDance may list its Chinese operations in Hong Kong or Shanghai, according to Reuters sources. That after tensions with Washington scuppered earlier hopes for a blockbuster New York listing. Julian Satterthwaite reports

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TikTok

Video-sharing application
Illustration by Alex Castro / The Verge

President Trump issued an executive order Friday giving ByteDance 90 days to either sell or spin off its..
5 hours ago • The Verge
President Trump ordered the Chinese parent company of TikTok to sell or spin off its U.S. assets within 90 days, citing national security concerns.
Credit: USATODAY.com - Published 7 hours ago

An Australian man documenting his addiction to soft drinks goes viral.
Credit: BBC News - Published 9 hours ago

President Trump ordered sweeping bans on the video app last week, calling it a threat to U.S. national security.
Credit: CBS News - Published 15 hours ago

Musician Sufjan Stevens was so inspired by Jalaiah Harmon, the teen who created the popular Renegade dance that went viral on TikTok earlier this year, that he..
2 days ago • The Verge

ByteDance

Chinese multinational internet technology company
Photo by Yan Guolin/VCG via Getty Images

Chinese tech company ByteDance censored media criticizing the Chinese government on news aggregation apps in..
2 days ago • The Verge
Hong Kong (CNN Business)The United States has taken aim at some of China's biggest tech champions, from Huawei and ByteDance's TikTok to Tencent's WeChat...
2 days ago • WorldNews
President Donald Trump’s executive order banning China’s TikTok could prevent US app stores from offering the popular short-video app and make advertising on..
3 days ago • WorldNews
Illustration by Alex Castro / The Verge

Last week, the Trump administration began to issue executive orders sanctioning Chinese apps TikTok and..
4 days ago • The Verge

Hong Kong

Special administrative region of China
Hong Kong (CNN Business)Huawei recently became the world's biggest smartphone maker, beating Samsung and Apple (AAPL) at their own game by offering consumers..
1 day ago • WorldNews
Apple Daily founder Jimmy Lai Chee-ying, who was arrested over alleged collusion with foreign forces, has called on Americans to support Hong Kong's fight for..
2 days ago • New Zealand Herald
Mandy Zheng Hong Kong food authorities last night suspended a Brazilian company's license application for importing poultry meat into the city after Shenzhen..
2 days ago • WorldNews
Hong Kong advocates for democracy are being targeted and arrested as China seeks to stamp out dissent.
Credit: USATODAY.com - Published 2 days ago


New York City

Largest city in the United States
"He's having a tough time," the president said, though the younger sibling's condition is unclear.
Credit: BBC News - Published 6 hours ago

President Donald Trump on Friday told hundreds of New York Police Department officers that "no one will be safe in Biden's America" if the former Democratic vice..
Credit: USATODAY.com - Published 6 hours ago

Another storm hit the East Coast, leaving slippery roads and piles of snow blocking sidewalks in New York City and shutting down the nation's capital; and, Art..
Credit: CBS News - Published 9 hours ago

New York Republican congressman discusses the Sochi Olympics, NSA leaker Edward Snowden, and immigration reform.
Credit: CBS News - Published 9 hours ago


Beijing

Capital of the People's Republic of China
As the India-China military stand-off in Ladakh entered its 100th day this week, and with the disengagement process having stalled, India’s envoy to China..
Credit: IndiaTimes - Published 11 hours ago

The India-China standoff in Ladakh entered its 100th day this week, and, with the disengagement having stalled, India’s envoy to China, Vikram Misri, met..
Credit: IndiaTimes - Published 16 hours ago

BEIJING--Not yet 30, Beijing office worker Li thought she was already on her way up China’s private property ladder with two apartments bought and rented out...
22 hours ago • WorldNews
Negotiators from the United States and China will on Saturday discuss the “phase one” trade deal signed earlier this year — before the coronavirus slammed..
1 day ago • WorldNews

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