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  1. How ByteDance plans to crack the gaming industry Image Credits: Games published by ByteDance For the last few years, ByteDance, the parent company of short video app TikTok, has been working to diversify its revenue streams beyond advertisement and find more ways to monetize its hundreds of millions of users. One area it is targeting is gaming, which has historically been a lucrative business in China’s internet economy. China is the world’s largest gaming market, generating revenues of $40.85 billion in 2020, according to market research f
  2. WASHINGTON (Reuters) - The Trump administration on Wednesday granted ByteDance a new seven-day extension of an order directing the Chinese company to sell its TikTok short video-sharing app, according to a court filing. The administration previously had granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. President Donald Trump on Aug. 14 had directed ByteDance to divest the app within 90 days. The new deadline is Dec. 4, TikTok said in the filing. Under pressure from the U.S. government, ByteDance has been in
  3. BEIJING/HONG KONG (Reuters) - ByteDance, the owner of short-video app TikTok, has launched a new search engine in China, entering a sector currently dominated by Baidu Inc. Beijing-based ByteDance is moving beyond its core businesses in news and video and into work-place messaging and music streaming, competing with Tencent Holdings and other Chinese tech firms. The domain for the new search engine, Toutiao Search, sits within the company’s flagship product - Chinese news aggregator Jinri Toutiao. ByteDance, which according to sources familiar w
  4. President Donald Trump said he might rescind his tentative blessing for a deal between Oracle Corp. and ByteDance to create a new U.S.-based TikTok service, casting doubt on the agreement as Chinese state media signaled reluctance in Beijing. Speaking in an interview on Fox News on Monday, Trump said he wouldn’t approve the deal if the Chinese company retains control of TikTok. However, he also indicated that he expected Chinese influence to be diluted by a future public offering of the new company. “They will have nothing to do with it, and if they d
  5. SAN FRANCISCO (Reuters) - Popular video-sharing app TikTok issued a broad ban on Wednesday against “misleading information” that could cause harm to its community or the public, setting itself apart from rivals like Facebook which say that they do not want to be arbiters of truth. “We remove misinformation that could cause harm to an individual’s health or wider public safety. We also remove content distributed by disinformation campaigns,” TikTok, owned by Chinese tech company ByteDance, wrote in new guidelines which expand and add detail to its earlier rules.
  6. ByteDance, the owner behind TikTok, has been secretly building a deepfake feature that would allow users to insert their faces into videos they’re not actually in, according to a TechCrunch report. While the feature is not live yet, it would appear that TikTok and Douyin—TikTok’s sister app in China—both feature code for taking multiangle biometric scans of a user’s face. The scan can then be inserted in select videos before being shared. The news sounds concerning, especially when you consider how manipulated media can potentially be misused to spread misinformation.
  7. China’s ByteDance, owner of wildly popular (and often deeply annoying) music app TikTok, has moved to segregate much of the app’s operations from the rest of its business in a bid to convince the U.S. government user data is safe from the prying eyes of Chinese spies, Reuters reported on Wednesday. ByteDance acquired the U.S.-based app Musical.ly in 2017 for a billion dollars, helping TikTok to rapidly acquire hundreds of millions of users. According to Reuters, the company hopes to reassure the Committee on Foreign Investment in the United States (CFIUS) t
  8. A Bloomberg report on Monday evening said that ByteDance is considering selling off a majority stake in its incredibly popular and fantastically annoying music app, TikTok, amid intensifying U.S. government concerns that the China-based company is a security and espionage threat. However, the firm has denied the report as “inaccurate” and “meritless.” ByteDance was previously reported to be preparing to wall off TikTok from the rest of its Chinese operations as part of a plan to reassure the powerful Committee on Foreign Investment in the U.S. (CFIUS) that it doesn’t p
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