ByteDance Ltd. was valued at around $220 billion in a recent private-market investment by Abu Dhabi AI firm G42, a significant discount to the $300 billion that TikTok’s owner set during a ...

OpenAI has suspended the account of TikTok parent ByteDance following a report that the China-owned firm was “secretly” using its “GPT” AI technology to build its own rival chatbot service.

TikTok owner ByteDance reportedly would rather shut down the popular video-sharing app than sell it if the Chinese-based company exhausts all legal options to fight a US ban – despite growing ...

Amazon has told the White House it is interested in buying TikTok ahead of a key deadline by which its parent company, China-based ByteDance, must either sell the popular social media app or face ...

ByteDance, the Chinese owner of TikTok, is back in the news. The company recently offered to buy back its stock from its employees, but the issue is, it’s valuing itself at around $223 billion ...

TikTok’s parent company ByteDance is further scaling back its ambitions in the gaming industry and is in talks to sell game titles to several prospective buyers. Chinese media LatePost reported ...

Chinese-based ByteDance and its short-video app TikTok asked an appeals court Monday to temporarily block a law that would require parent company ByteDance to divest TikTok by January 19 or face a ...

HONG KONG, Nov 27 (Reuters) - TikTok maker ByteDance plans to wind down its Nuverse gaming brand and retreat from mainstream video games, four people familiar with the matter said. ByteDance told ...

TikTok is owned by ByteDance, a private global company founded by Chinese entrepreneurs. According to TikTok, about 60% of the parent company is owned by global institutional investors ...

After rumors swirled that TikTok owner ByteDance had lost tens of millions after an intern sabotaged its AI models, ByteDance issued a statement this weekend hoping to silence all the social media ...