ByteDance is placing a big bet on artificial intelligence (AI) infrastructure as the TikTok parent plans to spend more than $12 billion on AI in 2025, the Financial Times reported on Tuesday, citing sources.
TikTok parent ByteDance is asking Chinese employees at its Singapore headquarters to pay tax to their home country or risk losing their ability to cash out on stock options, as Beijing steps up enforcement of its global tax scheme.
BYTEDANCE is exploring a deal to keep TikTok running in the US without selling its operations there, according to board member Bill Ford. Read more at The Business Times.
TikTok's influence has been greater than its seemingly short-lived demise. The ByteDance-owned app returns after going dark over the weekend.
The app, which was set to be banned, now has a bit more time to find a home and address national security issues
YouTuber MrBeast, X owner Elon Musk and Oracle Chairman Larry Ellison are names that have floated around in the past week.
ByteDance, TikTok’s parent company, is required to sell the app to a U.S.-based buyer or face a nationwide ban.
The controversy stems from legislation passed in 2024 that required TikTok’s Chinese parent company, ByteDance, to sell the app to a U.S.-based entity or face a ban. After former President Joe Biden signed the legislation into law, the Supreme Court upheld the ban, with a compliance deadline of Jan. 19, 2025.
Smartphone users are selling their devices for thousands of dollars for having installed the TikTok app prior to the Jan. 19 ban. All apps owned by ByteDance, which include TikTok and CapCut, were removed from app stores in the United States after a ban went into effect with the approval of the Supreme Court.
Just hours after access was blocked for U.S. users, however, TikTok returned, displaying a message thanking "President Trump" for his "efforts"—despite Trump originally floating
The deal would involve a change of control on a local level. ByteDance currently has until April 5, 2025 to divest its stake in TikTok to a