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Tuesday, May 21, 2024


TikTok bill makes its way through the House, but the app remains for now

The US House has passed a bill that could ban TikTok unless ByteDance divests, but the app remains available.

Tencent tightens rules for finance influencers

Tencent Holdings enforces stricter rules for finance live streamers on WeChat, aligning with Beijing's efforts to regulate online content and stabilise the economy.

OpenAI halts ByteDance’s access for alleged misuse of AI tech

OpenAI suspends ByteDance's account over alleged misuse of AI technology in developing its chatbot amidst policy violations and regulatory scrutiny concerns.

TikTok reaches the US$10 billion milestone, a first for non-gaming apps

TikTok surpasses US$10 billion in user spending, first for non-gaming apps, highlighting its success and ByteDance's continued growth.

ByteDance scales back gaming venture with mass layoffs

ByteDance reduces its gaming division, Nuverse, amid modest performance, leading to mass layoffs and questioning the effectiveness of its strategies in the gaming industry.

ByteDance’s VR unit, Pico, faces setbacks and staff reductions

ByteDance's VR unit, Pico, faces staff reductions and strategic shifts amid sluggish sales and challenging market conditions, focusing on hardware and core technology development.

In brief: ByteDance’s search engine goes online

Less than two weeks ago, ByteDance, China’s most valuable startup set out to recruit technical personnel to build its own search engine from scratch, separate...

In brief: TikTok parent, ByteDance, to launch smartphone as app family grows

ByteDance, the world’s most valuable startup and the Chinese company behind viral video app TikTok, is going into hardware.The company confirmed it is developing a...