TikTok is cutting hundreds of jobs at its operations and marketing departments, according to two people familiar with the matter, in line with efforts by parent company ByteDance since late 2022 to restructure its businesses. The lay-offs, which were announced internally earlier this week, are expected to affect an undisclosed portion of the roughly 1,000 … Read more
While employees have started to receive their bonuses for the past year based on their performance review, those who were rated “M” or higher will be rewarded extra payment of between 5 per cent to 15 per cent of their original bonus, according to Hua Wei, head of human resources at ByteDance, in an internal … Read more
Picoheart, a Singapore-based affiliate of ByteDance, earlier this month invested an undisclosed amount to acquire a 9.5 per cent shareholding in state-backed InnoStar, which is headquartered in Shanghai, according to data from company registry information provider Qichacha. That investment was made “in hopes of utilising the memory chips produced by InnoStar in Pico’s VR headsets”, … Read more
Chinese consumers offered double-priced Apple Vision Pro mixed reality headsets in grey market ahead of official launch A grey market for Apple’s Vision Pro mixed reality headset is emerging in China, with resellers doubling the official price to lure enthusiasts ahead of its official release next month. Dozens of merchants are offering to ship supplies … Read more
