ByteDance

TikTok-owner ByteDance cuts hundreds of jobs in China

ByteDance, the Chinese parent company of video app TikTok, has laid off hundreds of employees across multiple departments at the end of 2022 as part of a cost-cutting measure, the…

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TikTok owner ByteDance’s 2020 revenue soars, net loss at $45 bln

TikTok owner ByteDance's total revenue more than doubled last year to $34.3 billion but its net loss widened to $45 billion, according to a company memo seen by Reuters. The…

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TikTok given a month to respond to claims of EU consumer rights breaches

Chinese-owned short video-sharing app TikTok has been given a month to respond to multiple complaints from EU consumer groups that it allegedly violated the bloc's consumer laws and also allegedly…

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TikTok owning company eyeing IPO

ByteDance, the $75bn Chinese start-up that owns the short-form video app TikTok, is eyeing an initial public offering in Hong Kong as soon as the first quarter of next year,…

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