US$400 billion

Trump’s win boosts hope that TikTok will be saved from US ban as ByteDance valuation jumps

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Trump’s win boosts hope that TikTok will be saved from US ban as ByteDance valuation jumps

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

ByteDance’s low profile founders donate US$28 million to alma mater Nankai University

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ByteDance’s low profile founders donate US million to alma mater Nankai University

The billionaire co-founders of TikTok owner ByteDance, Zhang Yiming and Liang Rubo, have made a joint donation to their alma mater Nankai University, in a rare public move by the young entrepreneurs who have kept a low profile in recent years. Zhang and Liang, both alumni from the class of 2001, jointly donated 200 million … Read more