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.
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.
ByteDance is laying off India-based employees as the government shows no signs of lifting the ban imposed on its most popular apps TikTok and Helo last June.
Insulted and bullied by Donald Trump, European leaders are asking where they go from here. The right choice isn’t to kneel or fight back, but to disengage.
Two sides also announce signing of a Security & Defence Partnership, launch negotiations for an intelligence sharing agreement & explore India’s addition to Horizon Europe programme.
Overall, President Droupadi Murmu has approved Gallantry awards to 70 armed forces personnel, including six posthumous, on the eve of 77th Republic Day.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
COMMENTS