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In April, President Joe Biden signed into law a bill that would ban TikTok in the U.S. if the social media platform’s China-based owner doesn’t sell its stake within a year.
TikTok is requiring that U.S. entities registered by sellers be 51% U.S. owned and chaired by an U.S. passport holder, said the vendors and Winnie Wang, executive chairman of the Shenzhen Cross ...
TikTok is suing the United States government in an effort to stop enforcement of a bill passed last month that seeks to force the app’s Chinese owner to sell the app or have it banned.. The ...
Restrictions on TikTok in the United States. In April 2024, U.S. president Joe Biden signed into law the Protecting Americans from Foreign Adversary Controlled Applications Act, which is an effective ban or forced sale of TikTok from its parent company ByteDance. The video-sharing platform had sparked concerns over potential user data ...
TikTok, whose mainland Chinese counterpart is Douyin, [a] [3] is a short-form video hosting service owned by Chinese internet company ByteDance. It hosts user-submitted videos, which can range in duration from three seconds to 60 minutes. [4] It can be accessed with a smart phone app .
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 ). As of March 2024, Zhang's personal wealth was estimated at US$40.2 billion, according to Bloomberg Billionaires ...
Despite the passage of a bill requiring TikTok to divest itself from its parent company or face a ban in the United States, China’s ByteDance says it has no plans to sell the social media ...
On September 13, ByteDance informed Microsoft that it would not sell TikTok's U.S. operations to the Seattle-based tech company; at issue was Microsoft's proposal to acquire TikTok's algorithm and other artificial intelligence technology, which ByteDance executives believed would likely be opposed by the Chinese government.
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