Search results
Results From The WOW.Com Content Network
Restrictions on TikTok in the United States. In April 2024, US president Joe Biden signed into law the Protecting Americans from Foreign Adversary Controlled Applications Act, which is an effective ban or forced sale of TikTok from its parent company ByteDance. The video-sharing platform had sparked concerns over potential user data collection ...
Corporate structure. TikTok Ltd was incorporated in the Cayman Islands and is based in both Singapore and Los Angeles. It owns four entities that are based respectively in the United States, Australia (which also runs the New Zealand business), United Kingdom (also owns subsidiaries in the European Union), and Singapore (owns operations in Southeast Asia and India).
Trump put TikTok and its Chinese parent company, ByteDance, at the center of US tensions with China and pushed unsuccessfully to ban the app from the United States by executive order.
TikTok made good on its promise to challenge a new law signed by President Joe Biden that could result in a ban of the video app in the US. The company, a subsidiary of Chinese tech giant ...
TikTok facilitated $4.4 billion of transactions across Southeast Asia last year, up from $600 million in 2021, but it still trailed far behind Shopee’s $48 billion of regional merchandise sales ...
ByteDance Ltd. is a Chinese internet technology company headquartered in Haidian, Beijing and incorporated in the Cayman Islands. [7] Founded by Zhang Yiming, Liang Rubo and a team of others in 2012, ByteDance developed the video-sharing apps TikTok and Douyin.
“Frankly, there are a lot of people on TikTok that love it. There are a lot of young kids on TikTok who will go crazy without it,” Trump told CNBC. The legislation signed by Biden gives ByteDance nine months to sell the company, with a possible additional three months if a sale is in progress. If it doesn’t, TikTok will be banned.
WASHINGTON (Reuters) - A U.S. appeals court on Tuesday set a fast-track schedule to consider the legal challenges to a new law requiring China-based ByteDance to divest TikTok's U.S. assets by Jan ...