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TikTok, known in mainland China and Hong Kong [3] as Douyin (Chinese: 抖音; pinyin: Dǒuyīn; lit. 'Shaking Sound'), [4] is a short-form video-hosting service owned by Chinese internet company ByteDance. It hosts user-submitted videos, which may range in duration from three seconds to 60 minutes. [5]
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.
But TikTok is ultimately owned, through a complex multi-layered corporate structure, by ByteDance, a privately owned technology giant. The app is owned by TikTok LLC, a limited liability company ...
The ban gave Chinese-owned ByteDance until 19 January to sell TikTok. If it fails to do so, a nationwide ban is set to come into force – despite having 170 million US users.
A board member at TikTok’s parent company said that a deal to save the app from disappearing in the United States will be done soon. General Atlantic CEO Bill Ford, a ByteDance board member ...
Tencent invested in Activision Blizzard as a minority investor with 5% in 2013, when the holding company bought itself from the Vivendi conglomerate which was part of it since 2008. [227] [228] Tencent's Sumo Group subsidiary wholly owned Pipeworks Studios until it was sold to Jagex for an undisclosed sum in July 2022. [229]
The supremely popular TikTok could be banned on Jan. 19 under a federal law that forces the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its ...
Shou Zi Chew (Chinese: 周受资; born 1 January 1983) is a Singaporean business executive who has been the chief executive officer (CEO) of TikTok, an online video platform owned by Chinese company ByteDance, since 2021.