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Jun 17, 2024 · TikTok owner ByteDance has told its employees in a memo that its 2020 revenue more than doubled from the previous year and its gross profit nearly doubled. But the Chinese tech giant swung to an operating loss due to its share compensation for employees. ByteDance, which was valued at $180 billion in its most recent funding round in December, said in the memo that it recorded an operating loss
Jun 20, 2024 · Updated 2:56 PM PDT, June 20, 2024. TikTok disclosed a letter Thursday that accused the Biden administration of engaging in “political demagoguery” during high-stakes negotiations between the government and the company as it sought to relieve concerns about its presence in the U.S. The letter — sent to David Newman, a top official in the ...
Jun 17, 2024 · The CEO of ByteDance, TikTok’s Chinese parent, expressed concerns that the tech giant could become complacent and “mediocre,” and urged employees to have a sense of urgency even as the company’s business continues to grow. In an all-hands meeting with staff earlier this week, ByteDance CEO Liang Rubo cited an example of how the company ...
5 days ago · 24 Jun 2024, 11:58 am. ByteDance's tie-up with Broadcom, an existing business partner, would help slash procurement costs and ensure a stable supply of higher-end chips, said the sources. BEIJING (June 24): China's ByteDance is working with US chip designer Broadcom on developing an advanced AI processor, two sources familiar with the matter ...
Jun 7, 2024 · TikTok owner ByteDance plans to invest in artificial intelligence (AI) and turn Malaysia into a regional AI hub with a proposed investment of about RM10 billion. In a post on X (formerly Twitter), Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said this was conveyed to him during his meeting with TikTok vice president Helena Lersch in Singapore on Friday.
5 days ago · ByteDance ( BDNCE ), the Chinese firm that owns TikTok, is collaborating with Broadcom ( NASDAQ: AVGO) on an advanced AI chip with the aim of securing a stable supply of high-end chips and ...
May 31, 2024 · TikTok on Friday denied a news report suggesting that the ByteDance-owned platform is laying the technological groundwork for a potential divestment, the latest in a flurry of rebuttals issued by ...
