In August 2020, video-sharing platform TikTok was in talks to sell its US operations after the Trump administration threatened to ban the platform unless its parent company, ByteDance, found a US buyer for it. Tech giant Microsoft became a potential acquirer at one stage but backed out in September 2020 after Oracle was chosen to […]
On Tuesday, Longyan’s city government education bureau said that Zhang Yiming, founder of multinational internet technology company ByteDance, will donate $77.35 million to the southeastern Chinese city for education. Zhang Yiming’s move is part of a wider trend by Chinese tech billionaires, who are keenly making donations, especially in education, amid a sudden and unprecedented […]
While giants like Instagram, Facebook and Twitter remain relevant in the ever-evolving social media space, a new contender has entered the arena to a great welcome, especially amongst Gen Zs - TikTok. Founded in 2017 by its Chinese parent company ByteDance, TikTok is a video-sharing app that has been downloaded more than 2 billion times […]
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