The agreement requires TikTok’s American assets to be transferred to U.S. owners from China’s ByteDance, potentially resolving a saga that has lingered for nearly a year.
During a rally-style speech, Trump said 'we need to save TikTok,'. However, he warned Chinese company ByteDance that without his executive order, TikTok risked being shut down.
Chinese govt has considered plan involving acquisition of TikTok’s US operations by Elon Musk; ban on TikTok is expected to make massive dent in revenue of parent company ByteDance.
Shanghai: ByteDance founder Zhang Yiming is China's richest person, with personal wealth of $49.3 billion, an annual rich list showed on Tuesday, although counterparts...
Lawmakers have given TikTok's parent company 6 months to sell controlling stake. This comes amid fears that the app could be used to influence upcoming 2024 US Presidential polls.
Owned by ByteDance, Tiktok has more than 100 million US users & legislators have raised fears that its US user data could be passed on to Chinese govt.
Shares of ByteDance trade at a valuation of over $250 bn. But it’s a tough time to be wealthy in China, which seeks to rein in powerful corporations & their billionaire founders.
The indirect taxes department has accused ByteDance of evading taxes and not paying its GST dues in full, a charge denied by the Chinese firm which owns the now-banned app TikTok.
SoftBank has been attempting to salvage TikTok’s India assets and had been hunting for partners even as the Biden administration put on hold the unwinding of its US operations.
According to government reply in Lok Sabha, the pilot phase of PMIS is being used to test concepts, strategies and systems before a full-scale implementation of the scheme.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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