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.
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’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 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.
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.
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.
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.
As a practising doctor, I discovered large question marks on claims of a trustful patient-doctor relationship in the past. The routine dehumanisation of underprivileged patients remains a rarely mentioned topic.
As the second regiment of the S-400 Triumf air defence system starts getting delivered, Russia said it expects the serial production of AK 203 rifles in Amethi to begin in late 2022-early 2023.