ByteDance

TikTok CEO Shou Zi Chew Testifies Before US Congressional Hearing on Security and Chinese Government Influence

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TikTok CEO Shou Zi Chew faced a grueling five-hour testimony before a US congressional hearing as lawmakers questioned him over security concerns and the potential influence of the Chinese government. This was Chow’s first appearance before US lawmakers as the TikTok CEO, and the hearing witnessed a rare bipartisan call for banning the app on … Read more

ByteDance Valued at $220 Billion in Recent Investment by Abu Dhabi’s G42, a Significant Discount from TikTok’s Owner’s Share Buy-Back Program

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ByteDance was valued at around US$220 billion in a recent private-market investment by Abu Dhabi artificial intelligence (AI) firm G42, a significant discount to the US$300 billion that TikTok’s owner set during a recent share buy-back programme. G42, controlled by United Arab Emirates royal Sheikh Tahnoon bin Zayed Al Nahyan, acquired a US$100 million-plus stake from existing … Read more