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TechCrunch

Chinese internet users brand ByteDance CEO a ‘traitor’ as TikTok seeks US buyer – TechCrunch


ByteDance is not backing down from its ambitions to become a global technology powerhouse, even as TikTok loses its largest market India and faces insurmountable challenges in the US. But some in China are blasting the Beijing-based company as too accommodating and yielding to US demands.

ByteDance said it will “remain committed to our vision to become a globalized company” despite the flurry of challenges thrown at it, it said in a statement posted late Sunday.

Following months of efforts to sway US regulators and the public, TikTok reluctantly arrived at two concessions: “We faced the real possibility of a forced sale of TikTok’s US business by CFIUS or an executive order banning on the TikTok app in the US,” ByteDance founder and CEO Zhang Yiming wrote to employees in a letter on Monday. Read More

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TechCrunch

ByteDance and Microsoft deal for TikTok to stay in the U.S. waits for White House ruling – TechCrunch


Update 8/1 1:30PM PT: The Wall Street Journal is reporting that the deal ByteDance and Microsoft were pitching as a way to keep TikTok running as a U.S. company here in the states is on hold. The reason given is that both parties are now a bit shaken by Trump’s statements late last night about not allowing such a deal to go through and being intent on a ban. They’re now ‘looking for clarity’ on the White House position on such a deal. We’re looking into it with Microsoft and ByteDance but for now we haven’t heard that anything material is different here — the deal was always contingent on tacit, if not explicit, approval from the administration. We will update if we hear more. Original story follows. Read More

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VentureBeat

ByteDance and Microsoft offer White House a deal to keep TikTok in the U.S.


(Reuters) — China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday. U.S. officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. ByteDance’s concession will test whether Trump’s threat to ban TikTok is a negotiating tactic or whether he is intent on cracking down on a social media app that has up to 80 million daily active users in the United States. Read More

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The Verge

ByteDance reportedly reaches deal to sell TikTok American operations


TikTok parent company ByteDance has reportedly agreed to sell its American operations to prevent the Trump administration from banning it in the US, according to Reuters.

It was not clear Saturday how the deal would involve Microsoft, or whether it would stave off a ban, but Reuters reported that Microsoft would be in charge of protecting US user data, and that the plan would allow another American company to take over TikTok in the US.

The administration has threatened to ban the video-sharing app for several weeks; Secretary of State Mike Pompeo said on July 7th a ban was “something we’re looking at.” President Trump said Friday “we’re banning them from the United States,” but didn’t provide specifics other than he planned to take action as early as Saturday. Read More

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Engadget

Trump admin will reportedly force ByteDance to sell TikTok


It’s unclear exactly what steps Trump plans to take separate the U.S. version of the app from its Chinese owners. According to Gasparino, Trump could force a sale via the Committee on Foreign Investment in the United States (CFIUS). The Trump administration used a similar tactic last year when it forced the Chinese owner of Grindr to sell the dating app to a U.S buyer.

In a statement, a spokesperson for TikTok said the company is “confident in the long-term success” of the app. “While we do not comment on rumors or speculation, we are confident in the long-term success of TikTok,” the spokesperson said. “Hundreds of millions of people come to TikTok for entertainment and connection, including our community of creators and artists who are building livelihoods from the platform. We’re motivated by their passion and creativity, and committed to protecting their privacy and safety as we continue working to bring joy to families and meaningful careers to those who create on our platform.” Read More

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The Next Web

Huawei and Bytedance are prime examples of a new regional approach to trade


Huawei and TikTok were two of the most successful examples of globalization. Huawei started as a small private firm in 1987 and has risen in just over 30 years to become a world champion in telecommunications. TikTok has succeeded over a much shorter time period. Having only launched in 2016, the video-sharing service is now the fourth most popular app in the world and has achieved 1.9 billion downloads worldwide.

Both of these Chinese companies are now at the mercy of a widening geopolitical divide. The US has led an increasingly successful campaign to eliminate Huawei from the global market over alleged security fears and is threatening to ban TikTok too. There has also been speculation that other Chinese tech companies such as Lenovo, ZTE, and Xiaomi could be at risk. Meanwhile, HSBC has risked getting caught in the crossfire by expressing support for China’s security crackdown in Hong Kong. Read More

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TechCrunch

Huawei targets cars, ByteDance enters Tencent’s backyard – TechCrunch


Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, we have several heavy-hitting rumors swirling around, from Huawei’s chips for cars to Tencent’s potential buyout of its video rival iQiyi.

China tech at home

Huawei’s foray into autos

Huawei might be bringing the technology behind its Kirin smartphone processor into cars. According to Chinese tech publication 36Kr, Huawei has signed a strategic deal with domestic electric car giant BYD, which would be using the Kirin chips to digitize the “cockpits” (generally refer to the drivers’ cabins) in its cars. Read More

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The Next Web

TikTok-owner Bytedance shuts down its Vigo short video app


TikTok-owner Bytedance is shutting down its Vigo family of apps — Vigo Video and Vigo Lite. Founded in 2017, Vigo apps were focused on creating on lip-syncing videos — just like TikTok.

In a letter to its users, the company said it’s shutting down operations in India by October 31, and offering a period of transition to let people export their content to TikTok. Vigo has already stopped operating in Brazil and the Middle East. Now, it’s wrapping up operations in India and other remaining markets. Read More

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TechCrunch

ByteDance to shut down Vigo apps in India – TechCrunch


Chinese internet giant ByteDance has announced plans to discontinue two of its apps in India, its biggest overseas market, and urged its users to move to TikTok.

Vigo Video and Vigo Lite, two apps that allow users to create and share short-form sketches and lip-syncing to Bollywood songs, posted a message early Monday (local time) to announce that they would be discontinued at the end of October this year.

In their message, titled “a farewell letter,” ByteDance said it was saddened to shut down the apps but did not offer an explanation for the decision. Indian news outlet Entrackr first spotted the letter. Read More