TikTok’s parent company ByteDance Ltd. has set aside 150 billion yuan ($20.64 billion) for its capital expenditure this year, and the bulk of that money will be spent on boosting its artificial ...
The controversy stems from legislation passed in 2024 that required TikTok’s Chinese parent company, ByteDance, to sell the app to a U.S.-based entity or face a ban. After former President Joe Biden ...
There were 36 hours of mad frenzy as TikTok executives and lawyers sought and failed to get a last-minute reprieve from Biden — and then landed one from Trump.