Tag: ByteDance

Nvidia’s CEO Plans Trip to Meet China Executives Despite US Curbs
1Jun By adminNo Comments
Technology

Nvidia’s CEO Plans Trip to Meet China Executives Despite US Curbs

[ad_1] Nvidia Corp. Chief Executive Officer Jensen Huang is heading to China to meet with tech executives in the world's biggest chip market, despite rising tensions between Washington and Beijing, according to people familiar with the matter.Huang, who headlined a trade show in Taiwan this week, plans to travel to China for the first time in years in June, said the people, who asked not to be identified because his schedule is private. Companies on his itinerary include gaming leader Tencent Holdings Ltd. and TikTok-owner ByteDance Ltd., one of the people said. Nvidia is emerging as a critical player in the booming field of artificial intelligence, but its position in China has been complicated by geopolitics. US sanctions unveiled by the Biden administration last year prevent the semi...
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Fired ByteDance Exec Says China Exerted ‘Supreme’ Data Control
14May By adminNo Comments
Technology

Fired ByteDance Exec Says China Exerted ‘Supreme’ Data Control

[ad_1]  A former executive at TikTok parent ByteDance Inc. who was fired in 2018 said in a lawsuit that the Chinese Communist Party had a special office within the company that gave it “supreme access” to all data, a backdoor channel that he said persisted even after US user data was walled off from individual engineers in China. In a complaint filed Friday in California state court, Yintao “Roger” Yu said he was terminated from his job as head of engineering in the US in retaliation for his complaints to supervisors about “brazenly unlawful conduct” at the company.  ByteDance called the allegations “baseless” and said it will vigorously fight the suit. “ByteDance is committed to respecting the intellectual property of other companies, and we acquire data in accordance with industry p...
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China May Not Need Western Technology Much Longer
10Apr By adminNo Comments
Technology

China May Not Need Western Technology Much Longer

[ad_1] Western countries have become increasingly wary of sharing technology with China, with the US and Netherlands recently imposing new restrictions on exports of semiconductors and the equipment used to make them. Meanwhile, Chinese companies are rising up the list of the world's biggest spenders on research and development — a sign that perhaps they won't need that Western technology much longer.When I last compiled one of these lists five years ago, mobile infrastructure and device maker Huawei Investment & Holding Co. was in sixth place behind Microsoft, just as it is here, but it was the only Chinese company in the global top 25. It has been joined by TikTok owner ByteDance Ltd., WeChat owner and gaming giant Tencent Holdings Ltd. and e-commerce, payments and cloud-computing...
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ByteDance’s Profit Surges 79%, Exceeding Alibaba and Tencent: FT
10Apr By adminNo Comments
Technology

ByteDance’s Profit Surges 79%, Exceeding Alibaba and Tencent: FT

[ad_1] ByteDance Ltd.'s profit last year soared to a record, surpassing that of China technology giants Tencent Holdings Ltd. and Alibaba Group Holding Ltd. for the first time, the Financial Times reported.Earnings before interest, tax, depreciation and amortization, or Ebitda, jumped 79% to about $25 billion in 2022, the report said, citing two investors briefed on the numbers. Tencent reported Ebitda of 164 billion yuan ($23.9 billion) for 2022 in its preliminary earnings statement, while Alibaba's figure for the same period is about $22.7 billion, according to Bloomberg-compiled data. Bloomberg reported last week that ByteDance's revenue surged more than 30% to surpass $80 billion in 2022, matching the tally at archrival Tencent, after twin video platforms TikTok and Douyin drew eyeb...
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Founder of TikTok parent company lost $17 billion in 2022
7Apr By adminNo Comments
Technology

Founder of TikTok parent company lost $17 billion in 2022

[ad_1] Zhang Yiming, the founder of TikTok parent company ByteDance, saw his personal fortune fall by $17 billion last year, according to a new Chinese ranking published Thursday.The reasons for the losses are unknown, but Zhang is still the second-richest entrepreneur in the world under the age of 40, with wealth valued at $37 billion, according to statistics published by the Chinese firm Hurun. Ahead of him is Mark Zuckerberg, boss of US tech giant Meta -- the owner of Facebook and Instagram -- whose fortune was estimated by Hurun at $68 billion. According to the ranking, Zuckerberg also lost money last year to the tune of $8 billion.Zhang co-founded ByteDance in Beijing in 2012, but resigned from the group in 2021 in the midst of regulatory tightening on China's tech industry.A Chine...
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TikTok’s parent has a new app: What to know about Lemon8
6Apr By adminNo Comments
Technology

TikTok’s parent has a new app: What to know about Lemon8

[ad_1] As lawmakers debate whether to ban TikTok nationwide, its Chinese parent company has introduced a new app that's already getting some traction.The app, called Lemon8, is likely to face some of the same scrutiny as TikTok, which has been dogged by claims the Chinese government could force its parent company ByteDance to hand over U.S. user data or push misinformation on the platform. TikTok maintains that hasn't happened. And it's attempting to convince lawmakers it can keep user data safe. Meanwhile, ByteDance is pressing ahead with its expansion plans. Here's what you need to know about the company's new app:WHAT IS LEMON8?Lemon8 is a photo-based app that resembles a mixture of Instagram and Pinterest, and is sprinkled with videos that look like the ones posted on TikTok. Social...
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What is Lemon8 and what are its links with under-Fire TikTok
1Apr By adminNo Comments
Technology

What is Lemon8 and what are its links with under-Fire TikTok

[ad_1] While political scrutiny continues to intensify on the widely popular short video app TikTok in the US and across the world, another owned by the same Chinese company, ByteDance Ltd., is going viral. As downloads of Lemon8 surge in the US, here's what you need to know about it:What is Lemon8?Marketing itself as a “content sharing platform with a youthful community,” the app lets users make longer blog-like posts about topics such as fashion, fitness, travel and cooking, accompanied by relevant pictures and videos. Users can also access a customized feed of posts based on what they like and other creators they follow. Unlike TikTok, which features a rolling scroll of short videos, the app is more akin to a mishmash of Instagram and Pinterest. Its downloads have surged in the US, w...
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TikTok’s CEO Is Set to Enter a Washington Fight He Can’t Win
23Mar By adminNo Comments
Technology

TikTok’s CEO Is Set to Enter a Washington Fight He Can’t Win

[ad_1] TikTok's ownership by a Chinese company, and the national security risk that could pose to the viral video app's users, have drawn most of the attention ahead of the CEO's testimony to Congress. But Chief Executive Officer Shou Chew is prepared for a variety of questions, including about kids' mental health, from a House committee Thursday.The mobile app's 150 million users in the US and the strength of its content-recommendation engine mean any infraction is viewed as a potential societal threat. Lawmakers have spent the better part of this year warning about the risks posed by a platform intended for short, often silly videos. In Thursday's US House Energy and Commerce Committee hearing, they'll have one person at whom they can direct those fears. Here's what you need to know....
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China appeals for fair treatment after latest TikTok bans
18Mar By adminNo Comments
Technology

China appeals for fair treatment after latest TikTok bans

[ad_1] China appealed Friday to other governments to treat its companies fairly after Britain and New Zealand joined the United States in restricting use of TikTok due to fears the Chinese-owned short video service might be a security risk.Governments are worried TikTok's owner, ByteDance, might give browsing history or other data about users to China's government or promote propaganda and disinformation. “We call on the countries concerned to recognize the objective facts, effectively respect the market economy” and provide “a non-discriminatory environment" for all companies, said foreign ministry spokesperson Wang Wenbin. TikTok is one focus of conflicts between China and other governments over technology and security that are disrupting processor chip, smartphone and other industri...
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UK Bans TikTok App on Government Phones Over Security Fears
17Mar By adminNo Comments
Technology

UK Bans TikTok App on Government Phones Over Security Fears

[ad_1] The UK banned TikTok from government phones with immediate effect over security fears, the latest restriction imposed on the Chinese-owned social media app after similar moves by the US and European Union.The decision was made after a review concluded that there “could be a risk around how sensitive government data is accessed and used by certain platforms,” Cabinet Office Secretary Oliver Dowden said Thursday. Dowden told the House of Commons that the ban was a “precautionary move.” The move is a further sign that western nations are concerned about the potential risk to national security risk posed by TikTok and its Chinese parent, ByteDance Ltd. The US Congress last year restricted the app on government devices, and European Commission employees were told to delete it by Marc...
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