The Chinese unicorn’s Seed Edge programme reflects its aggressive investment strategy, as other major tech firms push their ...
The Beijing-based company has budgeted Rmb40bn ($5.5bn) to acquire AI chips in China in 2025, said two people familiar with ...
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When Donald Trump was sworn in as the 47th US president on January 20, several tech tycoons were present - from Amazon.com's ...
TikTok went dark in the U.S. as roughly 170 million Americans were denied access to the popular social media app. Although ...
ByteDance (BDNCE) is looking to spend over $12B on artificial intelligence infrastructure in 2025 and has allotted a budget ...
After Microsoft said Sunday its acquisition bid was rejected by TikTok's owner Bytedance, Oracle on Monday said it would serve as the “trusted technology provider” for TikTok’s U.S. operation. Zhang ...
Zhang has a 21% equity stake in TikTok’s Beijing-based parent, ByteDance, and majority control over the company through extra ...
He is ByteDance’s single largest shareholder, with a 21% equity stake, and has majority control over the company through shares with extra voting rights. Born in 1983, Zhang grew up in China’s ...
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ByteDance employees and the company’s founder, Zhang Yiming, also each have a 20% stake. The technology company has not ...