ByteDance-owned TikTok is facing an uphill battle in the US to overturn a law that requires it to sell the American operations of its popular short video platform by January 19 or be banned in the country’s app stores, analysts said. TikTok has pledged to keep up its legal battle and is waiting on a … Read more
TikTok’s fate in the US has improved immensely after the election of Donald Trump to a second presidential term, according to industry observers and insiders, as the valuation of the app’s Chinese owner ByteDance swells. The future of the embattled short-video platform is “a lot brighter than it was” after Trump’s win, said Cameron Johnson, … Read more
TikTok owner ByteDance has been losing momentum in 2024, with slower revenue growth and narrower profit margins for the first three quarters compared with last year, according to local media. Revenue growth “significantly” slowed for the first nine months of the year, while profit margins slimmed for the first time since 2022, Chinese tech media … Read more
Lemon8, a social app owned by Chinese tech giant ByteDance, is seeing an increase in popularity in the US at a time when the company’s flagship short video platform TikTok faces a potential ban. The app, described as a cross between Instagram and Pinterest, has been the most downloaded lifestyle app for iOS devices in … Read more
ByteDance’s Douyin, the domestic sibling of TikTok, has emerged as a rising contender in the Chinese e-commerce market once dominated by Alibaba Group Holding and JD.com, despite slowing growth. The Beijing-based short-video platform, which has been aggressively expanding into the online shopping business, increased gross merchandise volume (GMV) by 46 per cent year on year … Read more
TikTok owner ByteDance has launched a stand-alone app in China to search for short video content published on Douyin, bringing it into closer competition with internet search giant Baidu. Douyin Search, which draws on the popularity of the Chinese version of TikTok, became available for download on various domestic Android app stores this week. The … Read more
Two of China’s leading e-commerce platform operators, Alibaba Group Holding and TikTok owner ByteDance, have started to adjust their focus on low pricing with policy shifts that favour merchants, as they seek a more sustainable online shopping ecosystem. Douyin, ByteDance’s flagship short video app in mainland China that set up a dedicated e-commerce team in … Read more
ByteDance, the owner of popular short video app TikTok, is adjusting its policy on share options so that employees can use less cash to pay taxes and are able to resell their shares faster. The company recently informed its US-based employees that they can withhold up to 37 per cent of the vested restricted stock … Read more
TikTok, the short video platform originally popular for its 15-second lip-synching content, is now testing 60-minute video uploads with certain creators, in a challenge to veteran online video giant YouTube. The feature, first shared publicly by UK-based social media consultant Matt Navarra, allows users to upload from both the mobile app and desktop, according to … Read more
TikTok’s Chinese sibling Douyin is working on technologies similar to what has been adopted by its global counterpart to automatically label artificial-intelligence-generated content (AIGC) reposted from external platforms. TikTok announced on Thursday that it began automatically labelling AIGC from other services by detecting metadata tagged to the images or videos. The feature will soon be … Read more
