TikTok’s ongoing struggle to maintain its operations in the U.S. hit a critical moment in federal court as the social media giant defended its right to operate without government interference. The U.S. government is pushing for a forced sale of TikTok from its Chinese parent company, ByteDance, or a potential ban, citing national security concerns. … Read more
In a strategic shift, leading Chinese e-commerce giants Alibaba Group Holding and ByteDance are stepping back from aggressive price wars to foster a more sustainable online shopping ecosystem. This move marks a significant change in the competitive landscape of China’s e-commerce sector, which has been dominated by price-cutting tactics. Douyin, ByteDance’s popular short video app … Read more
The European Union has launched a formal investigation into TikTok, raising the potential for hefty fines if the popular video app is found to have violated the bloc’s new Digital Services Act (DSA). This move follows concerns about potential breaches in areas related to child safety, advertising transparency, and algorithmic practices. The investigation, announced by … Read more