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ByteDance

ByteDance adjusts share option policy for staff in tax, cash-in arrangements

ByteDance, the owner of short video app TikTok, is adjusting its policy on share options so that staff can use less cash to pay taxes and resell their shares faster.

US-based ByteDance employees can withhold up to 37 per cent of the vested restricted stock units for tax payments, up from the previous 22 per cent

15 Jul 2024 - 7:00AM

ByteDance-owned TikTok explores local services markets in Indonesia and Thailand

12 Jul 2024 - 8:41PM

ByteDance, Alibaba, SenseTime top China’s generative AI infrastructure services market

10 Jul 2024 - 6:00PM

In China’s Guangzhou, a web of factories gives rise to Shein

An extensive army of manufacturers, managed through a complex digital system, has fed Shein’s meteoric growth.

6 Jul 2024 - 12:00PM

Shein is one of the world’s fastest-growing online shopping platforms. Illustration: Henry Wong

Alibaba’s Taobao adds 1-hour delivery short cut in race against ByteDance, JD.com

With on-demand delivery the latest front in China’s e-commerce war, Taobao is using Alibaba’s Ele.me and Freshippo to expand its offerings in the category.

4 Jul 2024 - 12:04AM

Malaysia eyes transition from chip industry ‘back end’ with Chinese investment

Cheap land, low building costs among attractions for Chinese IT companies as Malaysia aims to move up value chain from manufacturing base.

2 Jul 2024 - 10:56AMvideocam

Alibaba taps China’s top AI start-ups to boost enterprise offerings

The tech giants is partnering with MiniMax, Moonshot AI, Orionstar, Baichuan, Zhipu AI and 01.AI to develop new functions on its popular office app.

27 Jun 2024 - 8:00PM

The headquarters of Alibaba’s DingTalk in Hangzhou, China. Photo: VCG via Getty Images

US TikTok ban could hit Oracle’s revenue and profit, cloud provider warns

A law in the US that would ban hosting TikTok if ByteDance does not sell would ‘adversely impact’ Oracle if it cannot redeploy capacity, the company said.

25 Jun 2024 - 12:53PMvideocam

TikTok and ByteDance call US security concerns against app ‘speculative’

TikTok and parent ByteDance have also dismissed allegations about China’s influence in the short video app’s operations in the United States.

21 Jun 2024 - 6:44PM

US drops claims that TikTok misled users over Chinese access in privacy lawsuit

The Department of Justice plans to proceed with allegations that the ByteDance-owned app violated the law by collecting data on children under 13 years old.

21 Jun 2024 - 2:34PM

TikTok is fighting allegations in the US that it violated the Children’s Online Privacy Protection Act. Photo: AFP

TikTok accuses US federal agency of ‘political demagoguery’ over potential ban

TikTok’s Beijing-based parent company ByteDance is also a plaintiff in lawsuit submitted in federal court, expected to be one of biggest legal battles in tech history.

21 Jun 2024 - 7:01AMvideocam

TikTok is seeking to relieve concerns about its presence in the US. Photo: Reuters

Huawei’s HarmonyOS poised for faster expansion on back of WeChat and Douyin

Huawei’s latest initiatives show how it is trying to buttress HarmonyOS’ position as the second-biggest mobile operating system in mainland China, after overtaking Apple’s iOS in the first quarter.

20 Jun 2024 - 9:00PMvideocam

China cracks down on seeds of cyberbullying after suicides linked to abuse

Online publishers must push awareness of online abuse, censor comments in advance and cut off live broadcasts containing violent information.

19 Jun 2024 - 7:00PMvideocam

TikTok challenges US ban by pointing to lawmakers’ secrecy, lack of evidence

TikTok owner ByteDance says a ban would infringe of free speech rights of 170 million users, but courts may defer to lawmakers on national security questions.

18 Jun 2024 - 6:52PMvideocam

US appeal court to hear challenges to potential TikTok ban on September 16

The hearing will put the fate of TikTok in the middle of the final weeks of the 2024 presidential election.

18 Jun 2024 - 1:01PMvideocam

The hugely popular Chinese app TikTok may be forced out of the US. Photo: Reuters

China’s venture capital ‘godfather’ Neil Shen exits Meituan board

Shen’s departure comes after venture capital firm HongShan had been gradually cutting its stake in Meituan since China’s food delivery services giant debuted in Hong Kong in 2018.

17 Jun 2024 - 8:08PM

Alibaba, Xiaohongshu boost sales in midyear shopping festival

Alibaba’s midyear shopping promotion has it going head-to-head with younger e-commerce competitors such as Xiaohongshu, China’s answer to Instagram.

15 Jun 2024 - 8:00AM

ByteDance to close ‘mini drama’ channels amid competition, regulatory scrutiny

TikTok owner ByteDance has decided to close three channels in China that provide popular ‘mini dramas’ amid growing competition and regulatory pressure in the domestic market.

14 Jun 2024 - 6:00PM

China’s invisible friends: AI companions flourish as Big Tech piles in

Microsoft spin-off Xiaoice remains the market leader, but Baidu, Tencent and ByteDance are all looking to capitalise on the latest Chinese AI trend.

14 Jun 2024 - 7:00AM

PDD Holdings’ Colin Huang and ByteDance’s Zhang Yiming top China tech rich list

Colin Huang and Zhang Yiming, the founders of PDD Holdings and ByteDance, respectively, are the richest tech entrepreneurs in China, according to a list published by Chinese magazine New Fortune.

13 Jun 2024 - 5:33PM

ByteDance said to cut 450 jobs in Indonesia after TikTok Shop-Tokopedia deal

The overhaul of ByteDance’s e-commerce operation in Southeast Asia’s largest economy comes after its US$1.5 billion deal that merged TikTok Shop with GoTo Group’s Tokopedia.

12 Jun 2024 - 5:56PMvideocam

ByteDance expanded its e-commerce operations in Indonesia after striking a US$1.5 billion deal that merged TikTok Shop with GoTo Group’s Tokopedia. Photo: Shutterstock

Apple’s Vision Pro headset sets China launch, facing fierce competition

Pre-orders for the mixed-reality headset start on Friday and shipments later this month, but the US$4,100 price tag is even steeper than in the US.

11 Jun 2024 - 2:37PMvideocam

A customer uses Apple’s Vision Pro headset at its Fifth Avenue store in New York on February 2, 2024. Photo: Reuters

Food delivery giant Meituan’s quarterly revenue rises 25%, beating estimates

Meituan co-founder and chief executive Wang Xing said the company is looking to expand into more international markets, including in Southeast Asia.

6 Jun 2024 - 8:47PM

Chinese super app WeChat requires disclosure of AI-generated content

WeChat’s updated content-moderation policy forms part of a broader industry effort to promote greater transparency of artificial intelligence-generated content.

6 Jun 2024 - 5:30PM

Tech unicorn Zhipu AI joins China’s LLM price war

Zhipu AI is heating up a price war in a market segment where Big Tech firms Tencent, iFlytek, Alibaba and ByteDance are the prominent players.

5 Jun 2024 - 8:00PMvideocam

Large language models are the technology underpinning ChatGPT and other generative artificial intelligence services. Photo: Shutterstock

Tencent moves into Singapore tower to bring together more staff in city state

Employees of the video gaming and social media conglomerate have moved into CapitaSky, a 29-story office tower in Singapore’s central business district.

5 Jun 2024 - 3:53PM

Tencent Holdings is expected to eventually move employees at another co-working space in Singapore to CapitaSky. Photo: Shutterstock

TikTok says hackers targeted brands and celebrity accounts, including CNN

Reality TV star Paris Hilton was among those targeted in the cyberattack, but her account was not compromised, an insider says.

6 Jun 2024 - 5:01PMvideocam

ByteDance hires new general counsel as TikTok fights to stay in US

John Rogovin, who spent more than 12 years as Warner Bros’ top lawyer and also served in the US government, will report to ByteDance CEO Liang Rubo.

4 Jun 2024 - 10:27AM

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ByteDance

ByteDance is best known as the owner of the global short-video and shopping platform TikTok. It also operates the similar Douyin app in China. Both apps have skyrocketed in popularity in recent years, especially among younger people. ByteDance has been the focus of strained relations between China and the West, with policymakers in the US, Canada and Europe expressing concern that TikTok's Chinese ownership puts sensitive user data within reach of the Chinese government.