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The China News Database was last updated at 08:27AM on December 31, 2023.
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68 articles matching the search query.
Kuaishou reaches $159 billion valuation after largest tech IPO since Uber
Chinese short-video giant Kuaishou made a splashy IPO in Hong Kong, reaching a valuation close to its larger competitor, Douyin, the Chinese version of TikTok. Will Douyin’s parent company, ByteDance, follow and also list its short-video product in Hong Kong?
India permanently bans TikTok and WeChat
India — once the most promising new market for Chinese technology companies — has solidified its own great firewall by confirming bans on 59 Chinese apps.
Kuaishou, China’s other TikTok, files for IPO in Hong Kong
TikTok may be in choppy waters in the U.S., but its Chinese version and two major competitors are thriving and hungry for cash to expand.
Fear of a red tech planet — why the U.S. is suddenly afraid of Chinese innovation
Americans are as wrong in their overestimations of Chinese innovation today as they were in their underestimation just a few years ago.
The man behind TikTok, who believes in a cyberspace without borders
Zhang Yiming, the founder and CEO of ByteDance — the $100 billion company that owns TikTok — is a 37-year-old self-made billionaire who always puts business interests and global ambitions first. But now he finds himself caught up in a U.S.-China political rivalry, battered by people on both sides.
China is unlikely to approve any TikTok deal that doesn’t keep source code secret
Beijing appears to be souring on the TikTok deal. After a series of state media editorials indicated this attitude, the Wall Street Journal reported that Chinese Commerce Ministry officials are skeptical of allowing American companies to inspect TikTok’s algorithm.
TikTok and WeChat both in limbo in U.S. after Trump ‘blessing’ and court ruling
A day before TikTok and WeChat were due to be taken off app stores in the U.S., both apps were saved from the ban — TikTok by Trump’s “blessing” of a restructuring deal, and WeChat by a free speech lawsuit. The future of both apps is hard to predict.
Trump’s WeChat and TikTok ban starts Sunday
The Trump administration is poised to implement a Chinese Great Firewall–style block on WeChat starting on September 20, with downloads of the app barred and network interruptions ordered. Downloads of TikTok will also be blocked, but the company has until November 12 to strike a deal with Oracle before also suffering technical freezes.
TikTok rejects Microsoft, proposes to make Oracle ‘trusted technology partner.’ Will Trump be satisfied?
ByteDance, wary of political risk after Beijing designated parts of its algorithms as “sensitive technologies,” will not sell TikTok to Microsoft or anyone else. Instead, the company is proposing to partner with Oracle, a Silicon Valley company with Trump-friendly executives.
Huawei and ByteDance look to Singapore as U.S. restrictions loom
Huawei and ByteDance are both approaching U.S.-imposed deadlines that could dramatically alter their business models and global reach. They are among several Chinese companies increasing their investment in Singapore to hedge against U.S.-China tension.
The next target for TikTok’s parent company: Payments
ByteDance, the company behind TikTok and Douyin, has acquired a company with a license from the central bank to offer digital payments. Tencent and Alibaba dominate online financial services in China: Can an ambitious upstart capture market share?
Beijing threatens to yank TikTok out of Trump’s reach
New rules from the Chinese Commerce Ministry define what appear to be core parts of TikTok’s algorithm as “sensitive technologies.” The change likely means that any sale of TikTok would have to be approved by Beijing.
After TikTok, Trump moves to attack WeChat. What’s next?
President Trump signed two executive orders, one reiterating that he wants TikTok banned (unless Microsoft buys it), and another launching a new attack against WeChat. Depending on how the WeChat order is implemented, it could have massive implications for the parent company, Tencent, and the future of the internet.
Anger rises in China over Trump’s ‘inconceivable’ treatment of TikTok
Chinese state media and businesspeople are outraged at Trump’s requirement that TikTok sell its U.S.-based operations. The China Daily called it “tantamount” to “an officially sanctioned ‘steal’ of Chinese technology,” while famous tech investor Kai-Fu Lee called it “inconceivable.”
Trump gives TikTok 45 days to sell U.S. operations
After a few days of indecision, President Trump has settled on an ultimatum for TikTok: Either sell your U.S. operations to an American company in 45 days, or be banned. Microsoft is in negotiations to buy it, but there are many uncertainties.
Chinese social media users call ByteDance founder unpatriotic and weak in the face of U.S. moves against TikTok
While the news about Microsoft’s potential acquisition of TikTok was a huge relief for its American users, it was received poorly on the Chinese internet, with many calling Zhang Yiming, ByteDance’s founder and CEO, a “spineless traitor” and a “despicable coward,” among other insults.
Will Trump order Chinese owner to sell TikTok?
Will Washington force Chinese internet giant ByteDance to sell its globally popular video app TikTok to a U.S. company?
TikTok CEO: ‘We are not the enemy’
On the same day that Facebook CEO Mark Zuckerberg defended his company by saying it is “proudly American,” and that it competes against China’s “version of the internet,” TikTok CEO Kevin Mayer slammed Facebook for copycat products and for attacks that are “disguised as patriotism.”
Facebook to attack TikTok?
Mark Zuckerberg has to defend his company’s business practices in front of the U.S. Congress. Will he use the patriotism card to divert attention to TikTok and WeChat?
Will the U.S. ban TikTok?
Could the collapse of TikTok in the American market come even faster than its meteoric rise? Secretary of State Mike Pompeo and now President Trump have said the U.S. government is “looking at” banning the app because of its Chinese ownership.
