China's ByteDance-owned TikTok posted revenue of about US$16 billion last year in the United States, where the viral video app that has hooked Gen Z users is at the risk of being banned, the Financial Times re
A person arrives at the offices of TikTok after the US House of Representatives overwhelmingly passed a bill that would give TikTok's Chinese owner ByteDance about six months to divest the US assets of the short-video app or face a ban, in Culver City, California, on Mar 13, 2024.
The short video app, used by about 170 million Americans, achieved record sales in the United States in 2023, according to the report. ByteDance, nicknamed"App Factory" due to its frequent releases of mobile applications, is on track to overtake Facebook-parent Meta Platforms as the world's largest social media company by sales, the report added.ByteDance did not immediately respond to a Reuters request for comment.TikTok was the most downloaded social media app in the United States in 2023, with 47 million downloads.
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China warns proposed TikTok ban will 'come back to bite' USBEIJING: Beijing warned on Wednesday (Mar 13) that a proposed ban on Chinese-owned video-sharing app TikTok would "inevitably come back to bite the United States". The US House of Representatives is se
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US spy chief 'cannot rule out' that China would use TikTok to influence US electionsWASHINGTON — China could use social media app TikTok to influence the 2024 US elections, US director of National Intelligence Avril Haines told a House of Representatives intelligence committee hearing on March 12.
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China warns proposed TikTok ban will 'come back to bite' USBEIJING — Beijing warned on Wednesday (March 13) that a proposed ban on Chinese-owned video-sharing app TikTok would "inevitably come back to bite the United States".
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China warns proposed TikTok ban will ‘come back to bite’ USChina’s Foreign Ministry spokesperson Wang Wenbin condemned the proposed ban.
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China says US TikTok vote follows 'logic of a bandit'The Bill puts the US on the "opposite side of the principles of fair competition and international economic and trade rules", said a China foreign ministry spokesperson.
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Analysis: TikTok's potential US ban raises prospect of China retaliation but fallout would be limitedChina’s commerce ministry said it would take “all necessary measures to resolutely safeguard its legitimate rights and interests”. But potential tit-for-tat actions by Beijing would be limited, analysts say.
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