BYTEDANCE BOARD MEMBERS
Tiger Global, Dragoneer in talks to invest in Kalshi's new $1 billion fundraise
The fresh capital raise is expected to be finalised in the coming weeks and will value Kalshi at about $40 billion, the sources said, requesting anonymity as the discussions are confidential. It comes on the heels of a $1 billion fundraise in May that valued the firm at $22 billion.
TikTok names veteran Adam Presser as CEO of US JV
TikTok has appointed Presser, who has been with the video-sharing platform for four years, to head its newly formed US arm, set up as an independent entity after a year-long standoff with Washington and backed by investors, including Oracle and Silver Lake, averting a potential ban.
Who owns TikTok in the US now?
Under the arrangement, non-Chinese investors will own about 80% of the American venture. ByteDance will keep 19.9% of it. The investors, who could potentially have outsize influence on the popular social media platform, will license the app's powerful recommendation algorithm from ByteDance and have the power to moderate content on the app.
HSG's continuation fund to value ByteDance at up to $370 billion: Report
HSG, formerly Sequoia Capital China, is reportedly launching a new fund. This fund is expected to buy some of its shares in TikTok's parent company, ByteDance. The deal values ByteDance between $350 billion and $370 billion. This move comes as ByteDance's valuation continues to soar.
TikTok US deal update: Oracle-led joint venture set to launch in 2026 – what this means for ByteDance
TikTok US deal 2026: TikTok is set to become a US joint venture. Oracle, Silver Lake, and MGX will lead the new entity. American investors will hold majority ownership. This move separates TikTok's US operations from its Chinese parent, ByteDance. The deal is expected to finalize in January 2026. The new US company will manage its own data and content.
US Treasury's Bessent says China has approved TikTok transfer deal
China's Commerce Ministry said in a statement earlier on Thursday that China would properly handle TikTok-related issues with the United States.
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US-China TikTok deal | All you need to know
TikTok deal update: The US and China have reached a framework deal to keep TikTok operating in America, delaying a planned ban until December 16. Under the agreement, TikTok’s US operations would shift to mostly American ownership, set to be managed by a group of investors including Oracle, Silver Lake, and Andreessen Horowitz (a16z). The deal is expected to conclude in the next 30-45 days.
Trump signs order declaring TikTok sale ready and values it at $14 billion
Donald Trump's plan to sell TikTok's American operations is moving forward. A new American company will be formed. It will be valued at approximately $14 billion. Trump delayed the ban on TikTok until January 20. This allows time to extract American assets. Investors will be lined up. Chinese government approval is also needed. The algorithm will be retrained and monitored.
Oracle will manage TikTok's algorithm for US users under Trump administration deal
Determining next steps for the algorithm, currently owned by the Beijing-based ByteDance, has been one of the most closely watched issues during negotiations over TikTok's future.
Trump to approve TikTok deal this week as White House extends enforcement pause
White House officials confirmed an extension of the TikTok enforcement pause as President Trump prepares to sign an executive order endorsing the company's pending sale, satisfying national security requirements. The agreement allows Oracle to review TikTok's algorithm, addressing data security and content moderation concerns.
US lawmakers seek to 'break the ice' in China visit amid trade, TikTok tensions
The members of the US House of Representatives met on Sunday with Chinese Premier Li Qiang at the Great Hall of the People in Beijing and relayed that they hoped to "break the ice" as the superpowers try to make progress on stabilising ties.
China's ByteDance will get 1 of 7 board seats for TikTok's US operations, official says
President Donald Trump is trying to keep the short video app with 170 million U.S. users from being banned after Congress passed a law in 2024 that ordered it shut down by January 2025 if its U.S. assets were not sold by owner ByteDance.
TikTok deal inside detail are out: China's ByteDance will still have presence in video app's board of operations in U.S
Donald Trump said on Friday that he and Chinese President Xi Jinping had made progress on a TikTok agreement in a phone call and would meet face-to-face in six weeks.
Americans will get six of seven board seats for TikTok's US operations, says White House
US President Donald Trump is trying to close a final deal to keep the popular platform from closing. Congress had ordered the app shut down for US users by January 2025 if its US assets were not sold by Chinese owner ByteDance.
Donald Trump says Microsoft is in talks to acquire TikTok
Trump had predicted on Monday there will be many people bidding to own TikTok, and he does not want China involved in the popular social media company.
Oracle, Apple, Google diverge on whether to keep serving TikTok
Oracle, which provides cloud services for TikTok, took Trump’s go-ahead to heart. It’s kept TikTok operational since the app briefly went offline over the weekend. Apple and Alphabet Inc.’s Google, however, which removed the app from their respective app stores to comply with the Jan. 19 ban, have held off on relisting TikTok.
MrBeast not quite in bidding race for TikTok just yet, rep says
TikTok's future in the US continues to be uncertain. Under a federal law upheld by the Supreme Court last week, TikTok was supposed to find an approved buyer for its US operations by January 19 or face a nationwide ban.
OpenAI completes deal that values company at $80 billion
The company would sell existing shares in a so-called tender offer led by venture firm Thrive Capital, the people said. The deal lets employees cash out their shares in the company, rather than a traditional funding round that would raise money for business operations.
Jack Ma returns to rally troops after Alibaba’s troubles deepen
“Every great company is born in a winter,” Ma wrote in response to a staff post. “The people willing to reform for the future, and the organizations willing to pay any price and sacrifice, are the ones that are truly respected.”
Bob van Dijk abruptly steps down as CEO of Prosus, parent Naspers
Prosus has invested over $10 billion in India with a portfolio of startups such as Swiggy, Flipkart, Urban Company, Byju’s, Meesho and others. Prosus’ fintech arm, PayU, is one of the biggest online payment processors in the country.
Pulling the plug on TikTok will be harder than it looks
Making TikTok safe from Chinese exploitation - as a tool for Chinese officials to surveil Americans' tastes and whereabouts, as an entry point into the phones that contain their whole lives and as a way to pump out disinformation - turns out to be harder than it looks.
Tech billionaires see wealth shrink amid 2022 stock crunch
Musk lost $140 billion in 2022 due to the collapse of Tesla's share price, leaving his total net worth at $130 billion, according to Bloomberg's index of the world's richest people.
TikTok steps up efforts to clinch US security deal
TikTok has been seeking to assure US government departments and agencies for the last three years that the personal data of US citizens cannot be accessed and its content cannot be manipulated by China's Communist Party or any other entity under the influence of that country's government.
ByteDance plans for maximum of nine board directors: source
This week Reuters reported that TikTok, the popular short video app, could face a fine of $29 million in Britain after an investigation showed it may have breached data protection laws regarding the privacy of children.
Beijing unlikely to approve ByteDance's TikTok deal with Oracle, according to Global Times
ByteDance has said it will create a U.S. subsidiary partly owned by U.S. majors Oracle and Walmart and managed mainly by Americans, to pacify the administration of U.S. President Donald Trump which had planned to ban TikTok on security grounds.
The math doesn’t add up on TikTok’s deal with Oracle and Walmart
The exact math may not matter very much, given Trump’s demand that China have no involvement in the new TikTok.
China's ByteDance gets Trump nod to avoid TikTok shutdown in the United States
He told reporters at the White House he backs the deal with TikTok owner ByteDance, Oracle and Walmart to create a new company that will assume TikTok's U.S. operations called TikTok Global. Trump said the new company will be "totally controlled by Oracle and Walmart ... All of the control is Oracle and Walmart."
TikTok could become deal of the decade for Microsoft, Satya Nadella is the kingmaker now
After a weekend of speculation, the American software giant came out Monday morning, Beijing time, to confirm talks to buy the short-video sensation that boasts more than 100 million users in the U.S. alone.
Sharechat to stay focused on users, unique content
Twitter-backed Sharechat’s daily active user number has been broadly flat over the last six months, according to data sourced from tracker AppAnnie.
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