ByteDance Ltd. plans to generate approximately $50 billion in profit in 2025, having already exceeded its internal target. The company achieved a net profit of around $40 billion in the first three quarters of the current year.
Chinese company ByteDance has entered into an agreement to transfer its US division to the joint venture TikTok USDS Joint Venture LLC. American investors, including Oracle, Silver Lake, and MGX, will receive 45% of the shares of the new structure, which will be responsible for protecting user data in the US and content moderation.
Nvidia is evaluating the possibility of increasing production capacity for its H200 chips after orders exceeded current production levels. This comes after Trump's statement allowing H200 exports to China, where companies like Alibaba and ByteDance have already shown significant interest.
The approaching deadline for a possible sale of TikTok in the US keeps potential investors in 'limbo'. The US is preparing to extend the deadline for the sale of the platform's American assets for the fifth time, causing uncertainty among interested parties.
US President Donald Trump has expressed concern about Netflix's planned $72 billion acquisition of Warner Bros. Discovery Inc. He noted that the combined company's large market share could create antitrust issues.
Alibaba Group Holding Ltd. has started selling its first AI-powered Qwen smart glasses, Quark S1 and G1. These devices feature built-in displays and cameras, run on Qualcomm Inc.'s Snapdragon AR1 platform, and are already available in China.
TikTok Shop is expanding its assortment by offering luxury goods such as Hermes and Chanel bags, rare Louis Vuitton and Nike sneakers, and Rolex and Cartier watches. Most items are sold through second-hand resellers who use AI to confirm authenticity.
Meta, ByteDance, Alphabet, and Snap are accused of deliberately creating addiction in teenagers. A Los Angeles court ruling has allowed the cases to proceed, which could be of historical significance for the industry.
China and the US have reached a consensus on important economic issues after the meeting between Xi Jinping and Donald Trump. The parties discussed TikTok, tariffs, and rare earth elements, agreeing on further steps.
US President Donald Trump hopes to conclude a trade deal with China during his meeting with Xi Jinping in South Korea. He believes it will be a beneficial deal for both sides.
US President Donald Trump signed an executive order on September 25 allowing TikTok to continue operating in the US. The business was valued at $14 billion, with Oracle, Silver Lake, and MGX becoming the main investors.
The US has reached an agreement with Chinese company ByteDance to lease the TikTok algorithm for the American market, which will allow the platform to continue operating without a full sale. ByteDance will create a duplicate of the algorithm, which will be transferred to a new enterprise under the control of American investors.
The Trump administration expects to receive a multi-billion dollar commission from investors for control of TikTok in the US. This deal, approved by Trump and Xi Jinping, is part of complex negotiations and could amount to billions of dollars.
US President Donald Trump announced his intention to finalize a deal with Xi on TikTok on Friday, emphasizing that America would receive a "huge commission plus. " He also noted that the US would receive a "commission plus" for mediating the sale of TikTok assets to an American buyer.
Technology company Oracle may join a consortium of firms that will allow TikTok to operate in the US. The final decision will be made by US President Trump and China's Xi Jinping this week.
US Treasury Secretary Scott Bessent announced an agreement with China on TikTok ownership after trade talks in Madrid. Details of the agreement will be finalized during Trump's conversation with Chinese President Xi Jinping on Friday.
The US and China are nearing a deal on TikTok, but its conclusion may depend on trade concessions from China. Negotiations in Madrid concern the sale of TikTok by Bytedance and broader economic issues.
The court in Luxembourg found the European Commission's methodology for supervisory fees under the Digital Services Act to be flawed. EU regulators have been given 12 months to correct the methodology.
TikTok is updating direct messages, allowing users to send 60-second voice notes and up to nine photos/videos at once. Users will also be able to edit content before sending.
Chinese giant ByteDance plans a share buyback that will raise TikTok's valuation to over $330 billion. Employees will be offered $200.41 per share, a 5.5% increase from the previous buyback.
Nvidia plans to resume sales of H20 AI chips in mainland China, having received assurances from the US government regarding licensing. Chinese companies, including ByteDance and Tencent, are already placing orders for these chips.
TikTok is developing a new version of its app for users in the US, which is planned to launch on September 5. This comes amid negotiations for the sale of TikTok's US assets, the deadline for which has been extended to September 17.
US President Donald Trump announced the start of negotiations with China on a possible deal regarding TikTok. He noted that the US has "largely" concluded an agreement on the sale of the application.
The White House has allowed TikTok to operate in the US for another 90 days to allow time for the sale of the company's stake. Trump wants Americans to be able to use TikTok safely.
Leading AI chatbots in China have temporarily disabled image recognition during the national "gaokao" exam. This was done to prevent cheating by applicants.
TikTok has introduced TikTok for Artists with tools for promotion, analytics and audience interaction. The platform is already available in more than 25 countries, including the USA and the EU.
TikTok Shop, a ByteDance division, has announced staffing and organizational changes in the US. The company strives to create a more efficient operating model, despite political and market risks.
Huawei plans to test the new Ascend 910D AI processor to replace Nvidia chips. The company is already shipping Ascend 910B/C to customers and developing CloudMatrix 384.
South Korean law enforcement officials have stated that Chinese startup DeepSeek has been transmitting user data and their requests without permission. The company has previously been accused of leaking data to Bytedance.
