As TikTok fights to keep its popular video app available in the US, investors in parent company ByteDance Ltd. are being forced to re-evaluate financial prospects for a business valued at more than $300 billion as recently as late last year.
However, two publicly traded investment companies hold shares of ByteDance, and anyone can buy shares in them. KKR, along with SoftBank and General Atlantic, originally invested in ByteDance in 2018.
Global buyout groups often do not know whether ByteDance uses their facilities to exploit a legal loophole to access chips
U.S. private equity groups have invested billions in data centers serving TikTok owner ByteDance, Kaye Wiggins, Eleanor Olcott, Owen Walker,
The app’s availability in the U.S. has been thrown into jeopardy over data privacy and national security concerns.
TikTok owner ByteDance is restructuring its artificial intelligence (AI) department after having poached an expert from Google to lead foundation research, according to employees of the Chinese ...
Apple ’s App Store and the Google Play store have restored TikTok for U.S. users as of Thursday, after the companies had removed it on Jan. 19.
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