Chinese cyberspace and securities regulators asked ByteDance in March to focus on addressing data-security risks and other issues before IPOThe firm also delayed the listing because it didn’t have a chief financial officer at the time
1 min read12 Jul 2021TikTok currently allows users to record short mobile-friendly videos that can last up to 60 seconds and add special effects as well as soundtracks pulled from a music library
1 min read1 Jul 2021ByteDance could then start preparing some of its biggest assets including Douyin and Toutiao for an initial public offering in Hong KongByteDance is in the throes of fighting a Trump administration ban on TikTok in the US
1 min read5 Nov 2020Demand for education technology grew during the coronavirus pandemic due to the widespread lockdowns in China and school closuresThe company is a late entrant to China’s online education market, as industry leader Yuanfudao was founded in 2012
1 min read29 Oct 2020US President Donald Trump has called the app a national security risk, claiming that TikTok and its Chinese parent ByteDance could access user data and deliver it to Chinese intelligence servicesCreated in 2016 as Muscal.ly, the app was acquired by ByteDance in 2017
2 min read26 Sep 2020ByteDance has said that its deal with Oracle and Walmart, which will see the creation of a standalone US companyByteDance said it will establish a US subsidiary called TikTok Global of which it will own 80%
1 min read24 Sep 2020ByteDance says it will own 80% of TikTok Global, a newly created US company that will own most of the app's operations worldwide
3 min read21 Sep 2020Under the current proposal, there will be five seats on the board of TikTok GlobalWalmart’s Chief Executive Officer Doug McMillon will become a director, the retailer said in a statement
2 min read20 Sep 2020ByteDance is racing to clinch an agreement with the White House that will stave off a U.S. ban on TikTok that President Donald Trump has
4 min read18 Sep 2020Trump ordered ByteDance last month to divest TikTok amid US concerns
3 min read17 Sep 2020The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared