Saturday, 29 January, 2022

Topic: ByteDance

With his $60 bn fortune, TikTok founder Zhang Yiming is now among world’s richest

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.

Bombay HC allows ByteDance to operate Indian bank accounts after deposting Rs 78.91 crore

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.

ByteDance considers sale of TikTok assets in India amid Chinese app ban

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.

Indian TikTok rivals flooded with CVs as China’s ByteDance fires hundreds amid ban

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.

ByteDance seeks extension as US TikTok sale deadline looms

The Beijing-based company has asked the US government to extend a Thursday deadline for ByteDance to divest its TikTok business in the country.

TikTok’s owner sells its first consumer gadget. And it’s a lamp

ByteDance’s foray into education, under the brand name Dali, starts with a smart lamp that has a touch screen, camera and built-in voice assistant to help children with homework.

ByteDance works to resolve data security concerns over TikTok deal as process drags on

ByteDance is in discussions on a final proposal with the Committee on Foreign Investment in the U.S., or Cfius, the regulatory body that must clear any agreement.

After curbs in India and US, TikTok runs into trouble with Australian MPs

Australia had in August ruled TikTok didn't pose serious national security concerns and opted against a ban, but a panel of lawmakers are examining possible political interference.

TikTok pushes back on Trump in court while angling for deal

In its court filing, ByteDance said it has made extraordinary efforts to satisfy the government’s ever-shifting demands and a ban would cause plaintiffs irreparable harm.

ByteDance retains full control of TikTok Global, contests Trump’s $5 billion fee

The world’s most valuable startup plays down speculation it’s giving up control of valuable Chinese technology and assets after striking a deal with Oracle and Walmart.

On Camera


Padma Awards 2022 brought back controversies, politics and the question of its relevance

Buddhadeb Bhattacharya declined Padma Bhushan and Ghulam Nabi Azad drew jibes from Congress leaders for accepting the award from Modi govt. But such controversies are not new.
V. Anantha Nageswaran

Who is V Anantha Nageswaran, new chief economic advisor? IIM-A grad, academic, PM’s ex-advisor

Nageswaran, who has taught at various B-schools in India and Singapore, takes charge days before the tabling of the Economic Survey and the Union Budget.


Representational image of Indian Navy ships | Photo: Commons

India carrying out more warship patrols than ever to catch China in crowded global seas

Estimated 125 foreign naval vessels are in the Indian Ocean at any given time, roughly 3 times the number deployed in the wake of the 9/11 attacks when the US invaded Afghanistan.

Let them eat communalism: Yogi’s poll pitch may work but heartland’s jobless fury endangers India

While UP’s unemployed are angry, Yogi’s call for a choice between Jinnah and Sardar Patel, more than seven decades after they both died, is the new ‘let them eat cake’.