Tag: ByteDance
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US Appeals Court Fast-Tracks TikTok Ban Law Challenges
US Appeals Court expedites TikTok ban law challenges. Can the China-based app survive in the US? Find out from experts.
ByteDance Reports 60% Profit Surge in 2023, Challenges Ahead in US, China
ByteDance reports a 60% profit surge in 2023, but faces challenges in the US market. Find out more about their success and obstacles ahead!
US House Passes Act to Ban TikTok Unless ByteDance Sells: National Security Concerns Over Chinese Ownership, China
US House passes act to ban TikTok unless ByteDance sells, citing national security concerns over Chinese ownership. Protecting Americans from potential threats.
ByteDance Accused of Secretly Using OpenAI’s ChatGPT for Chinese AI Development, China
ByteDance, the parent company of TikTok, is accused of secretly using OpenAI's ChatGPT to develop its own AI for China. Allegations raise concerns over data security, intellectual property, and U.S.-China rivalry.
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TikTok Plans to Venture into E-Commerce, Aims to Raise $20 Billion This Year
TikTok, the popular social media platform, is planning to expand its e-commerce business and increase merchandise sales to $20 billion by the end of the year. The company is relying on growth in Southeast Asia to achieve this target while also working to expand sales in the US and Europe. With an in-app link, customers can easily purchase goods from the platform. This move to e-commerce will allow TikTok to diversify its revenue stream and possible turning point for the company.
ByteDance Accused of Secretly Using OpenAI’s ChatGPT for Chinese AI Development, China
ByteDance, the parent company of TikTok, is accused of secretly using OpenAI's ChatGPT to develop its own AI for China. Allegations raise concerns over data security, intellectual property, and U.S.-China rivalry.
Sequoia India’s American Deal-Making Restrictions Lifted
Read about Sequoia Capital's three-way split, allowing its Indian/Southeast Asian arm to operate as Peak XV Partners and venture into new US territories without restrictions in the software sector. The firm has already made deals with US companies. New leadership is poised to make further progress.
TikTok Introduces Text-Only Posts, Challenging Elon Musk’s Twitter X, China
Explore TikTok's new text-only feature and its expansion into music streaming, challenging established social media platforms. Find out more!