According to the individual familiar with the development, new CEO Liang Rubo has taken over as chairman of the company's five-member board, which comprises General Atlantic, Sequoia Capital, Coatue Management, and Susquehanna International Group.
Business Nov 3, 2021, 4:17 PM IST
The development comes nearly a week after a ByteDance source told a news portal that the company is keen to resume operations given the new IT rules of the Modi government and the Biden administration “deciding to review the security of Chinese apps, instead of outright banning them.”
Technology Jul 21, 2021, 10:31 AM IST
Trump on September 19 said he was giving his blessing to the proposed deal. On Monday (September 21), however, Trump said Oracle would need to have “total control” and ByteDance will need to step back.
WORLD Sep 22, 2020, 9:19 AM IST
TikTok will be owned by a new company called TikTok Global and will be headquartered in the United States, possibly in Texas, Trump said.
WORLD Sep 20, 2020, 12:24 PM IST
The Beijing-based company had been in talks to divest TikTok's US business to either Oracle or a consortium led by Microsoft Corp MSFT.O after US President Donald Trump ordered the sale last month and threatened to shut down the popular short-video app in the United States
WORLD Sep 14, 2020, 9:15 AM IST
US President Donald Trump has sent out an executive order that will effectively ban the social media app if its Chinese parent ByteDance does not reach a deal to divest it by mid-September
WORLD Aug 31, 2020, 12:27 PM IST
US President Donald Trump issued executive order to address the 'threat' posed by TikTok, saying that beginning in 45 days, any transaction subject to US jurisdiction with ByteDance is prohibited
WORLD Aug 7, 2020, 9:00 AM IST
Microsoft and ByteDance have provided notice of their intent to explore a deal resulting in Microsoft owning and operating the TikTok service in the US, Canada, Australia and New Zealand.
WORLD Aug 3, 2020, 9:00 AM IST
Bytedance-owned short-video sharing platform TikTok is pulling out of Hong Kong amid a new security law that took effect last week.
WORLD Jul 7, 2020, 12:42 PM IST