All posts tagged: bytedance

China to curb US investment in tech companies: Report | Technology News

China to curb US investment in tech companies: Report | Technology News

Published by Parlour News

2 min readApr 24, 2026 05:45 PM IST China plans to restrict top technology firms, including leading AI startups, from accepting US capital without government approval, Bloomberg News reported on Friday, citing people familiar with the matter. Chinese regulators, including the National Development and Reform Commission, have recently instructed several private technology firms to reject US investment in funding rounds unless ⁠explicitly ​approved,, the report said. AI startups Moonshot AI and StepFun were among the companies that received the guidance, the report said, adding that TikTok owner ByteDance has also been told ​it ​should not allow secondary share sales to ⁠US investors without clearance.The measures are aimed at preventing US investors from gaining stakes in ‌sensitive technologies linked to China’s national security, Bloomberg reported. NDRC, the Chinese Embassy in Washington, StepFun, ByteDance, Meta and Moonshot AI did not immediately respond to Reuters requests for comment. The US Department of the Treasury and the Department of Commerce’s Bureau also did not respond immediately. The ⁠heightened scrutiny follows ⁠Meta’s more than $2 billion acquisition of AI startup …

Trump says he’s giving TikTok another 75 days to find a US buyer | News Today News

Trump says he’s giving TikTok another 75 days to find a US buyer | News Today News

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President Donald Trump on Friday said he is signing an executive order to keep TikTok running in the US for another 75 days to give his administration more time to broker a deal to bring the social media platform under American ownership. Congress had mandated that the platform be divested from China by Jan. 19 or barred in the US on national security grounds, but Trump moved unilaterally to extend the deadline to this weekend, as he sought to negotiate an agreement to keep it running. Trump has recently entertained an array of offers from US businesses seeking to buy a share of the popular social media site, but China’s ByteDance, which owns TikTok and its closely-held algorithm, has insisted the platform is not for sale. Story continues below this ad “My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress,” Trump posted on his social media platform. “The Deal requires more work to ensure all necessary approvals are signed, which is why I am signing …

Existing ByteDance investors emerge as front-runners in TikTok deal talks | Technology News

Existing ByteDance investors emerge as front-runners in TikTok deal talks | Technology News

Published by Parlour News

White House-led talks on the future of TikTok are coalescing around a plan for the biggest non-Chinese investors in parent company ByteDance to up their stakes and acquire the short video app’s U.S. operations, according to two sources familiar with the discussions. The plan entails spinning off a U.S. entity for TikTok and diluting Chinese ownership in the new business to below the 20 percent threshold required by U.S. law, rescuing the app from a looming U.S. ban, said the sources, who asked to be kept anonymous because they were not authorized to speak on record. Jeff Yass’ Susquehanna International Group and Bill Ford’s General Atlantic, both of which are represented on ByteDance’s board, are leading discussions with the White House on the plan, the sources said. Story continues below this ad Private equity firm KKR is also participating, one of the sources said. The fate of the short video app used by nearly half of all Americans has been up in the air since a law took effect on Jan. 19 requiring ByteDance to …

Relieved US TikTok enthusiasts hope ‘magic’ returns as app is restored

Relieved US TikTok enthusiasts hope ‘magic’ returns as app is restored

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* Relieved US TikTok enthusiasts hope ‘magic’ returns as app is restored Trump reverses previous stance, saves TikTok from ban * Users worry about potential changes in TikTok ownership * Content creators express distrust in government over TikTok ban By Doyinsola Oladipo NEW YORK, – On Saturday night, for the first time in five years, millions of American TikTok users who logged on for a late-night scroll were met with an unwelcome notice that their beloved app had been banned and shut down. Their exile lasted less than 24 hours, ending when the Chinese-owned company restored service on Sunday after President-elect Donald Trump, who returns to power on Monday, said he would revive U.S. access. But the TikTok masses had already started contemplating life without the app that has captivated nearly half of all Americans. As users returned, some cringed at sappy goodbyes posted before the shutdown or thanked Trump on social media site X, while others wondered whether the TikTok world would ever be the same again. “We’re back but at what cost?” one …

TikTok asks US Supreme Court to block government ban

TikTok asks US Supreme Court to block government ban

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TikTok and its Chinese parent company asked the US Supreme Court to block a government ban set to take effect next month, invoking favorable comments about the popular social-media platform from President-elect Donald Trump. FILE PHOTO: TikTok logo is placed on the U.S. and Chinese flags in this illustration taken, April 25, 2024. REUTERS/Dado Ruvic/Illustration/File Photo(REUTERS) Making a late push to keep operating in a market with more than 170 million users, TikTok and parent ByteDance Ltd. asked the court to put the law on hold by Jan. 6 as the justices consider whether to hear a company appeal. The measure would ban TikTok in the US if ByteDance doesn’t sell it. Barring Supreme Court intervention, the ban will kick in Jan. 19, the day before Trump is inaugurated. But Trump’s stance could affect how the ban plays out in practice because the Justice Department is charged with enforcing the law and, as president, he would have power to approve any divestment proposal. “There is a reasonable possibility that the new administration will pause enforcement …

TikTok Ban: US Appeals Court Upholds Law Forcing Its Sale Ahead of Deadline

TikTok Ban: US Appeals Court Upholds Law Forcing Its Sale Ahead of Deadline

Published by Webster

A U.S. federal appeals court on Friday upheld a law requiring Chinese-based ByteDance to divest its popular short video app TikTok in the United States by early next year or face a ban. The decision is a major win for the Justice Department and opponents of the Chinese-owned app and a devastating blow to TikTok parent ByteDance. It significantly raises the prospects of an unprecedented ban in just six weeks on a social media app used by 170 million Americans. TikTok plans to appeal the decision to the Supreme Court. In detailing their support of the law, the appeals court noted it was the result of Republicans and Democrats working together, as well as two presidents, as “part of a broader effort to counter a well-substantiated national security threat posed by the PRC (People’s Republic of China).” The Justice Department says under Chinese ownership, TikTok poses a threat because of its access to vast personal data of Americans, asserting China can covertly manipulate information that Americans consume via TikTok. Attorney General Merrick Garland called the …

ByteDance’s TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation

ByteDance’s TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation

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Social media platform TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday, as it shifts focus towards a greater use of AI in content moderation. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia. TikTok, owned by China’s ByteDance, later clarified that less than 500 employees in the country were affected. The employees, most of whom were involved in the firm’s content moderation operations, were informed of their dismissal by email late Wednesday, the sources said, requesting anonymity as they were not authorized to speak to media. In response to Reuters’ queries, TikTok confirmed the layoffs and said that several hundred employees were expected to be impacted globally as part of a wider plan to improve its moderation operations. TikTok employs a mix of automated detection and human moderators to review content posted on the site. ByteDance has over 110,000 employees in more than 200 cities globally, according to the company …

ByteDance plans new AI model trained with Huawei chips: Report

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TikTok’s Chinese parent ByteDance plans to develop an AI model trained primarily with chips from compatriot Huawei Technologies, said three people familiar with the matter, as U.S. curbs turn the social media giant homeward in search of chips. ByteDance is shifting to Huawei’s chips for AI development due to US export limits. The company has ordered over 100,000 Ascend 910B chips but struggles with supply. Its AI initiatives, including the popular Doubao chatbot, have positioned it as a leading buyer of both Huawei and Nvidia chips.(Reuters) ByteDance has diversified to domestic suppliers of chips used in artificial intelligence and accelerated development of its own since the U.S. in 2022 started restricting exports of advanced AI chips such as from market leader Nvidia. AI has become central to the technology industry with firms in sectors as varied as gaming and e-commerce differentiating offerings through the integration of custom AI models – programs that employ pattern recognition to make decisions. ByteDance’s next step in the AI race is to use Huawei’s Ascend 910B chip to train a …

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it

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The divest-or-ban bill is now law, starting the clock for ByteDance to make its move. The company has an initial nine months to sort out a deal, though the president could extend that another three months if he sees progress. While just recently the legislation seemed like it would stall out in the Senate after being passed as a standalone bill in the House, political maneuvering helped usher it through to Biden’s desk. The House packaged the TikTok bill — which upped the timeline for divestment from the six months allowed in the earlier version — with foreign aid to US allies, which effectively forced the Senate to consider the measures together. The longer divestment period also seemed to get some lawmakers who were on the fence on board. TikTok spokesperson Alex Haurek said in a statement that the company plans to challenge the law in the courts, which could ultimately extend the timeline should the courts delay enforcement pending a resolution. There also remains the question of how China will respond and whether it …

Should China’s TikTok be banned? ByteDance says it will cost US $25 bn, hit 7 mn businesses

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The US House of Representatives is getting set to vote on a bill that would require popular social media video platform TikTok, owned by China’s ByteDance, to split from its owner or face a ban across the US. The reason behind the ban threat is that TikTok poses national security concerns in the US. Many Democrats and Republicans are supporting this bill indicating its favour across the political spectrum in the US, which is a rarity. Many officials have expressed concerns about TikTok’s popularity, alleging that it’s influenced by China and serves as a propaganda tool for the Chinese Communist Party. TikTok is set to be banned in the US. However, some like X-owner Elon Musk, have begged to differ with the move.(REUTERS) What TikTok said A ByteDance spokesperson hit out at the bill, saying it would hurt the US economy and free speech at the same time. About the loss to US economy, he said it would impact “… 7 million businesses, and shutter a platform that contributes $24 billion to the US economy …