Walmart said Thursday it had teamed with Microsoft to buy TikTok, the Chinese-owned short-form video app that has come under fire from the administration of US President Donald Trump.
Triller executive chairman Bobby Sarnevesht said on Friday that the short-video app had made a $20 billion offer with investment firm Centricus Asset Management for the assets of rival TikTok that China's ByteDance is seeking to a divest.
China's new rules around tech exports mean ByteDance's sale of TikTok's US operations could need Beijing's approval, a Chinese trade expert told state media, a requirement that would complicate the forced and politically charged divestment.
TikTok owner ByteDance said it will "strictly abide" by China's new export rules, which could potentially complicate a sale of the business as demanded by US President Donald Trump.
TikTok's prospective buyers are discussing four ways to structure an acquisition from its Chinese owner ByteDance, which include buying the app's U.S. operations without key software, after Beijing stalled a deal which could be worth $30 billion, sources said.
China's commerce ministry said on Thursday it strongly opposed India banning Chinese mobile apps. Indian actions violate the legal interests of Chinese investors and services providers and China asks India to correct its mistakes, commerce ministry spokesman Gao Feng told a briefing.
Deal talks for TikTok’s U.S. operations have been complicated by the key question of whether the app’s core algorithms can be included as part of a deal, according to people familiar with the matter.
TikTok has removed more than 380,000 videos in the United States for violating its hate speech policy so far this year, the short-form video app said on Thursday.
TikTok said it plans to file a lawsuit against President Donald Trump's executive order prohibiting transactions with the popular video-sharing app and its Chinese parent ByteDance.
ByteDance investors are in talks to use their stakes in the Chinese technology firm to help finance their bid for its video-sharing app TikTok.
TikTok and one of its employees on Monday separately sued US President Donald Trump's administration over his executive order banning transactions in the United States with the popular short-form video-sharing app, calling it a pretext to fuel anti-China rhetoric as he seeks re-election.
US President Donald Trump ordered ByteDance on Friday to divest the US operations of its video-sharing app TikTok within 90 days, the latest effort to ramp up pressure on the Chinese company over concerns about the safety of the personal data it handles.
Oracle has held preliminary talks with TikTok's Chinese owner, ByteDance, and was seriously considering buying the app's operations in the United States, Canada, Australia and New Zealand, the Financial Times newspaper reported on Monday.
US President Donald Trump has looked at banning additional Chinese-owned companies following his decision to ban the short-video app TikTok, White House Chief of Staff Mark Meadows said on Monday.
TikTok, the Chinese short-form video sharing app owned by ByteDance, is subject to a preliminary investigation by French data privacy watchdog CNIL. TikTok is already under investigation over privacy concerns by the US, European Union, and Dutch authorities.
US President Donald Trump's executive order banning China's TikTok could prevent American app stores from offering the popular short-form video sharing app and make advertising on the platform illegal, according to a White House document.
China's ByteDance is in early talks with Reliance Industries Ltd for an investment in its video-based app TikTok's business in India, TechCrunch reported on Thursday, citing sources.
TikTok and its US employees are planning to take President Donald Trump's administration to court over his sweeping order to ban the popular video app, according to a lawyer preparing one of the lawsuits.
Two US Republican senators on Thursday asked the Federal Trade Commission for an investigation of video-sharing app TikTok's consumer data collection and processing practices.
Twitter has approached TikTok's Chinese owner ByteDance to express interest in acquiring the US operations of the video-sharing app, two people familiar with the matter told Reuters, as experts raised doubts over Twitter's ability to put together financing for a potential deal.
ByteDance, the owner of short-form video sharing app TikTok, is taking steps to move into the online stock brokerage and wealth management business in Hong Kong, trademark registration documents show.
Microsoft’s bid to carve out parts of TikTok from its Chinese owner ByteDance will be a technically complex endeavour, that could test the patience of US President Donald Trump's administration, according to sources familiar with the setup.
Microsoft is chasing a deal to buy all of TikTok's global business, the Financial Times reported on Thursday, citing five people with knowledge of the talks. A source familiar with the discussions told Reuters that Microsoft had not raised the prospect of buying all of TikTok in its negotiations with ByteDance.
TikTok, the popular short-form video sharing app, isn’t facing any immediate ban in Australia and Philippines as the leaders of the two countries see no reason for doing so.
US President Donald Trump announced Thursday sweeping bans on U.S. transactions with China's ByteDance, owner of video-sharing app TikTok, and Tencent, operator of the WeChat app, starting in 45 days, in a major escalation of tensions with Beijing.
The United States has fired a new salvo in its rivalry with China, ordering sweeping restrictions against Chinese-owned social media stars TikTok and WeChat.
US President Donald Trump said on Friday he would sign an executive order as soon as Saturday to ban TikTok in the United States, ratcheting up the pressure on the popular short-video app's Chinese owner to sell it.
ByteDance has agreed to divest the US operations of TikTok completely in a bid to save a deal with the White House, after US President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.
Microsoft confirmed that it is in talks with ByteDance to acquire the US arm of its popular short-form video sharing app TikTok and has discussed with President Donald Trump his concerns about security and censorship surrounding such an acquisition.
US President Donald Trump has agreed to give ByteDance 45 days to negotiate a sale of its popular short-form video sharing app TikTok to Microsoft, revealed sources.
President Donald Trump will take action shortly on Chinese software companies that are feeding data directly to the Beijing government, posing a risk to US national security, Secretary of State Mike Pompeo said.
TikTok owner ByteDance has accused Facebook of plagiarism as it talked about “complex and unimaginable difficulties” it faced while growing into a global brand, in a statement.
Microsoft’s talks to buy the US operations of TikTok provoked an outcry on Chinese social media as well as drew criticism from prominent ByteDance investor, Fred Hu.
The founder of ByteDance, which owns social media giant TikTok, said Monday his teams were working around-the-clock "for the best outcome" as talks on the sale of its US operation to Microsoft continue, Chinese media reported.
China will not accept the "theft" of a Chinese technology company and is able to respond to Washington's move to push ByteDance to sell short-video app TikTok's US operations to Microsoft, the China Daily newspaper said on Tuesday.
Chinese tech company ByteDance said on Monday it was considering moving the headquarters of its TikTok video sharing platform overseas, following a British media report that the unit could relocate to London.
US President Donald Trump said Monday the U.S. government should get a "substantial portion" of the sales price of the U.S. operations of popular short-video app TikTok and warned he will ban the service in the United States on Sept. 15 without a sale.
White House trade adviser Peter Navarro suggested on Monday that Microsoft Corp could divest its holdings in China if it were to buy the Chinese owned short-video app TikTok.
ByteDance founder Zhang Yiming told employees on Tuesday there were misunderstandings on Chinese social media about TikTok's situation in the United States and that the company could face more difficulties as anti-Chinese sentiment rose abroad.
India has banned some mobile apps of Chinese companies such as Xiaomi Corp and Baidu, three sources told Reuters on Wednesday, in New Delhi's latest move to hit Chinese companies following a border clash between the neighbours.
The Trump administration said on Wednesday it was stepping up efforts to purge "untrusted" Chinese apps from U.S. digital networks and called the Chinese-owned short-video app TikTok and messenger app WeChat "significant threats."
TikTok has updated its content policies to curb misinformation on its platform ahead of the presidential election in the United States, the company said on Wednesday.
TikTok, owned by China's ByteDance, said on Thursday it plans to open its first European data centre in Ireland with an investment of about EUR 420 million ($499 million).
US advertisers would be left with few choices and social media competition would dry up without TikTok, Kevin Mayer, the new CEO of the popular short video app that is owned by Chinese Internet giant ByteDance, wrote in a blog post on Wednesday.
Some investors of TikTok's parent company ByteDance seeking to take over the popular social media app are valuing it at about $50 billion (roughly Rs. 3.73 lakh crores), significantly more than peers such as Snap, according to people familiar with the matter.
TikTok, the Chinese video-sharing app, is under a national security review led by the US government. The White House expects a recommendation soon, based on the findings.
TikTok, the popular short-form video sharing app, has been sued by rival Triller, which accused it of infringing its patent for stitching together multiple music videos with a single audio track.
TikTok owner ByteDance is considering listing its domestic business in Hong Kong or Shanghai, against a backdrop of rising Sino-US tensions over its short-form video app. Sources suggest that the company prefers Hong Kong as its primary choice.
ByteDance announced the departure of its head of the AI lab, Ma Wei-Ying. The Chinese brand is presently facing flak from the US government over the security and privacy issues of its popular video-sharing app, TikTok.