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Despite the passage of a bill requiring TikTok to divest itself from its parent company or face a ban in the United States, China’s ByteDance says it has no plans to sell the social media ...
ByteDance Ltd. is a Chinese internet technology company headquartered in Haidian, Beijing and incorporated in the Cayman Islands. [7] Founded by Zhang Yiming, Liang Rubo and a team of others in 2012, ByteDance developed the video-sharing apps TikTok and Douyin.
Starting in 2017, when the Chinese social video app merged with its competitor Musical.ly, TikTok has grown from a niche teen app into a global trendsetter. On Wednesday, President Joe Biden ...
On August 14, Trump issued a new executive order giving ByteDance 90 days to sell or spin off its U.S. TikTok business. In the order, Trump said that there is "credible evidence" that ByteDance "might take action that threatens to impair the national security of the United States."