TikTok Notes

TikTok owner ByteDance’s ‘AI homework helper’ Gauth soars in US education apps market despite political headwinds

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A screenshot of the landing page for Gauth: AI Study Companion on Apple’s App Store. Photo: SCMP In July 2021, the General Office of the Chinese Communist Party and the State Council banned private tutoring firms from making a profit via off-campus courses covering school curricula. Listed companies and overseas entities were also barred from … Read more

TikTok owner ByteDance denies report of profit surge in 2023, prepares to launch Instagram rival

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ByteDance, the owner of short video app TikTok and its Chinese version Douyin, has denied a news report saying the company’s profits jumped 60 per cent last year, as it plans two new apps – one to rival Instagram and another targeting European users – amid political headwinds against TikTok in the United States. Bloomberg … Read more