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☆ TikTok: Is it really Chinese?
▼ + stars: | 2024-03-18 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Is TikTok Chinese? In March 2023, CEO Chew was repeatedly pressed by US lawmakers on whether TikTok was Chinese. According to TikTok’s own website, its subsidiaries around the world are all structured under Bytedance Ltd.Is ByteDance Chinese? At last year’s congressional hearing, Chew didn’t directly answer any questions about whether ByteDance is a Chinese company either. That means the Chinese government now owns 1% of Beijing Douyin Information Service, which is the domestic Chinese unit of Bytedance.

Persons: TikTok, Shou Chew, Trump, Chew, Jose Luis Magana, Musical.ly, TikTok’s, ByteDance, Zhang Yiming, Liang Rubo, Zhang, Liang, Jinri, Chew didn’t, Shannon Stapleton, Zhang Fuping, Xi Jinping, Wu Shugang, Shu Yuting Organizations: Hong Kong CNN, TikTok LLC, TikTok Ltd, ByteDance Ltd, Bytedance Ltd, Tianjin’s Nankai University, ByteDance, Carlyle Group, General Atlantic, Susquehanna International Group, Reuters, Communist, Cyberspace Administration, Beijing Douyin Information Service, Chinese Communist Party, National Intelligence Law, Commerce Ministry Locations: China, Hong Kong, United States, Beijing, California, Los Angles, Singapore, Delaware, Culver City , California, Cayman Islands, Shanghai, Chinese, TikTok

☆ China's Bytedance says Zhang Nan resigns as Douyin Group's CEO
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: +1 min

On Wednesday, Bytedance, the owner of TikTok, announced the resignation of Zhang Nan from the position of CEO of Douyin Group, the sister app of the popular short video platform in China. TikTok owner Bytedance said on Wednesday that Zhang Nan has resigned as the CEO of Douyin Group, the popular short video platform's sister app in China. Zhang posted on her personal social media account on WeChat that she was resigning from the position, in a move confirmed by ByteDance. Zhang, who has worked at ByteDance for 10 years, has been a core leader for the company and helped grow Douyin into the leading short video platform and one of biggest apps in China. She reported to ByteDance's CEO Liang Rubo in her position as head of Douyin Group.

Persons: Zhang Nan, Bytedance, Zhang, ByteDance, Liang Rubo Organizations: Douyin Group, ByteDance Locations: Bytedance, China, ByteDance

☆ TikTok's Chinese owner boosts annual profits to a record $25 billion, report says
▼ + stars: | 2023-04-09 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

ByteDance posted a profit of $25 billion last year, the Financial Times reported. The TikTok owner increased its bottom line by almost 80% compared with 2021's $14 billion result. Revenues jumped more than 30% to about $85 billion as advertisers increased their spending on TikTok and its Chinese equivalent called Douyin. ByteDance has been threatened with a US TikTok ban by the Biden administration if it doesn't sell the app. ByteDance did not respond to a request for comment from the Financial Times and didn't immediately respond to Insider's request for comment.

☆ It's wild that Western governments have decided that TikTok might spy for China. The app hasn't helped itself.
▼ + stars: | 2023-03-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

TikTok denies it feeds user data to China, but the drip-drip of revelations hasn't helped. The suspicion is that TikTok's owner ByteDance is in cahoots with the Chinese Communist Party and shares data about Western users with China. TikTok has maintained the app doesn't spy on individuals, and has pointed to the steps it's taking to hive off user information. FCC commissioner Brendan Carr responded to Bertram asking if "any member of the CCP accessed non-public US or EU user data from inside China." US social-media services normalized the aggressive harvesting of user data, and routinely hand over information to international governments.

☆ TikTok owner ByteDance reportedly confirmed employees in US and China accessed the user data of some US citizens, including 2 journalists
▼ + stars: | 2022-12-22 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +3 min

TikTok-owner ByteDance said workers accessed user data from US journalists and other private citizens, NYT reports. ByteDance said the data collection was part of an unsuccessful attempt to track down leaks, per the report. The revelation contradicts an earlier statement from TikTok that said the app had never been used to "target" journalists. ByteDance reportedly said it had restricted its audit and risk teams, now removing access to US data from that department moving forward. TikTok's parent company ByteDance did not immediately respond to comment from Insider.

☆ ByteDance plans for maximum of nine board directors -source
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +1 min

Sept 28 (Reuters) - TikTok owner ByteDance will expand its board of directors to a maximum of nine, a person with direct knowledge of the matter said on Wednesday, as the company faces regulatory pressure globally. Shareholders approved the move at an investor meeting on Tuesday, boosting the figure from the previous maximum of five, added the source, who sought anonymity as the information was confidential. The other directors are representatives of General Atlantic, Sequoia Capital, Coatue Management, and Susquehanna International Group, Reuters has reported. Earlier, citing two unidentified sources, the South China Morning Post had said the company would add four directors to the existing five. Register now for FREE unlimited access to Reuters.com RegisterReporting by Yingzhi Yang in Beijing and Juby Babu in Bengaluru; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

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