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The law gave TikTok's Beijing-based parent company, ByteDance, nine months to sell its US operations of the video-sharing platform to a non-Chinese company or be booted from app stores.
The legislation gives ByteDance nine months to sell TikTok to a new buyer, with an additional three-month grace period, before any ban would take effect.
The law gives ByteDance until Jan. 19 to sell or divest TikTok's U.S. assets or face a ban in the United States. Driven by worries that China could access data on Americans or spy on them with the ...
TikTok Shop is an e-commerce feature of the video hosting service TikTok. Officially launched in September 2023, [1] the feature enables users interested in starting a business and generating income to upload their curated products on TikTok for others to discover and purchase. [2] Daily sales averaged approximately US$ 7 million in October 2023.
Zhang Yiming (Chinese: 张一鸣; born April 1, 1983) is a Chinese internet entrepreneur. He founded ByteDance in 2012, developed the news aggregator Toutiao and the video sharing platform Douyin (internationally known as TikTok). In March 2024, Zhang's personal wealth was estimated at US$41.2 billion, according to Bloomberg Billionaires Index ...
ByteDance Ltd. is a Chinese internet technology company headquartered in Haidian, Beijing and incorporated in the Cayman Islands. [7] Founded by Zhang Yiming, Liang Rubo, and a team of others in 2012, ByteDance developed the video-sharing apps TikTok and Douyin.
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