ByteDance

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China’s second-richest man demands apology from ByteDance founder over online attacks

China’s second-wealthiest man on Wednesday made a surprise demand that the country’s richest man, founder of ByteDance, apologise for the…

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New Business

Trump cannot ignore TikTok ban, US senator says, pointing to bipartisan support

President-elect Donald Trump cannot ignore a law requiring Chinese-based ByteDance to divest its popular short video app TikTok in the…

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Tech

Meituan reports robust revenue, profit growth in second quarter on ‘value for money’ approach

China’s largest on-demand service provider Meituan reported on Wednesday a 21 per cent jump in second-quarter revenue, bolstered by steady…

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Tech

TikTok owner ByteDance hires prominent talent from start-ups in long-term commitment to AI

ByteDance, the owner of TikTok and its Chinese sibling Douyin, is furthering plans to boost its research capabilities in large…

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Tech

Temu owner PDD’s stock rout reflects ‘shaken investor confidence’, analysts say

A 28.5 per cent stock price plunge on Monday that wiped US$55 billion off the valuation of PDD Holdings, the…

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Tech

Chinese AI apps eye overseas markets for growth amid tough competition, regulation at home

Chinese artificial intelligence (AI) app developers are increasingly eyeing international users, as the domestic market environment turns too competitive, according…

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Tech

Baidu, SenseTime lead China’s market for business-focused large language models, says IDC

Chinese artificial intelligence (AI) giants Baidu and SenseTime, along with start-up Zhipu AI, are the country’s biggest providers of business-facing…

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Tech

TikTok owner ByteDance launches new video search tool, eyeing Baidu’s dominance

TikTok owner ByteDance has launched a stand-alone app in China to search for short video content published on Douyin, bringing…

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Tech

ByteDance’s CapCut, Doubao top global AI app downloads, outpacing ChatGPT: report

Video-editing app CapCut recorded 38.42 million downloads in July, while chatbot Doubao achieved 27.45 million downloads to outperform OpenAI’s ChatGPT,…

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Tech

ByteDance’s low profile founders donate US$28 million to alma mater Nankai University

The billionaire co-founders of TikTok owner ByteDance, Zhang Yiming and Liang Rubo, have made a joint donation to their alma…

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