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ByteDance

Tencent bets big on WeChat Channels in push to build its own TikTok

HONG KONG: On a hot summer’s day last year, the 90’s boy band Backstreet Boys clambered on to a stage in...

Published 13 Jan, 2023 11:40am

World

New Jersey, Ohio join other states in banning TikTok from state devices

WASHINGTON: New Jersey and Ohio said on Monday they were joining other states in banning use of the popular video...

Published 10 Jan, 2023 09:57am

Technology

ByteDance plans for maximum of nine board directors

TikTok owner ByteDance will expand its board of directors to a maximum of nine, a person with direct knowledge of...

Published 28 Sep, 2022 01:14pm

Technology

ByteDance to spend up to $3bn to repurchase shares from investors

BEIJING: ByteDance will spend up to $3 billion to repurchase shares in a deal that values the Chinese unlisted owner...

Published 16 Sep, 2022 02:15pm

Technology

TikTok sued in US after girls die in 'Blackout Challenge'

SAN FRANCISCO: Video-sharing sensation TikTok is being sued in California after children died while taking part in a...

Published 08 Jul, 2022 01:53pm

Markets

Ex-TikTok gaming head to launch blockchain games startup as big players keep away

HONG KONG: The former head of short video giant TikTok’s gaming unit, Jason Fung, is launching a blockchain gaming...

Published 05 Jul, 2022 05:06pm

Markets

TikTok nears deal with Oracle to store its data

TikTok is nearing a deal for Oracle Corp to store its US users’ information without its Chinese parent ByteDance...

Published 10 Mar, 2022 09:58pm

Technology

TikTok owner ByteDance's revenue growth slowed to 70% in 2021

BEIJING/HONG KONG: ByteDance, the owner of short video app TikTok, saw its total revenue grow by 70% year-on-year to...

Published 20 Jan, 2022 03:14pm

World

Chinese regulator denies issuing guidelines on internet giants' investments, fundraisings

HONG KONG/BEIJING: China's cyberspace regulator denied on Wednesday issuing a document with new guidelines for the...

Published 19 Jan, 2022 09:52pm

Markets

TikTok owner ByteDance cuts investment team amid China crackdown

BEIJING: TikTok owner ByteDance is shrinking its investment team and dissolving a sub-group focused on financial...

Published 19 Jan, 2022 08:26pm

Technology

China's ByteDance says has reorganised strategic investment team

BEIJING: ByteDance, the owner of short video app TikTok, said on Wednesday that it had decided to disband its...

Published 19 Jan, 2022 12:59pm

World

China to order cybersecurity reviews for some firms seeking overseas listings

SHANGHAI: China said on Tuesday it will put in force new rules to increase its oversight of plans by Chinese ...

Published 05 Jan, 2022 05:37am

Technology

ByteDance founder Zhang Yiming steps down as chairman, leaves board

BEIJING: ByteDance founder Zhang Yiming has stepped down as chairman of the TikTok owner, after saying in May he...

Published 03 Nov, 2021 10:02am

Technology

ByteDance to reorganize, CFO steps down to focus on TikTok

BEIJING: TikTok Chief Executive Officer Shou Zi Chew will step down as its parent ByteDance's chief financial ...

Published 02 Nov, 2021 10:24am

Technology

TikTok hits 1 billion monthly active users globally

Facebook reported 2.9 billion monthly active users as of end of June 2021

Published 27 Sep, 2021 08:37pm

Business & Finance

China tells Alibaba, Tencent to open platforms up to each other

SHANGHAI: China's industry ministry has told technology companies including Alibaba Group Ltd and Tencent Holdings...

Published 12 Sep, 2021 03:55am

Technology

Beijing owns stakes in ByteDance, Weibo domestic entities, records show

News of the stakes and the board seat was first reported by The Information on Monday

Published 17 Aug, 2021 10:57am

Markets

TikTok owner ByteDance aims for Hong Kong IPO by early 2022

NEW YORK: ByteDance, the Chinese owner of short video platform TikTok, has revived its plan to go public with a...

Published 09 Aug, 2021 05:05am

Technology

ByteDance to lay off staff, close businesses over China tutoring clampdown

ByteDance will also shut down its curriculum-focused preschool and k12 tutoring businesses in China to be compliant with the regulations

Published 05 Aug, 2021 02:01pm

Pakistan

PTA blocks TikTok over 'failure to take inappropriate content down'

Telecom regulator says in the light of relevant provisions of Prevention of Electronic Crimes Act 2016, it has blocked access to TikTok App and website in the country

Published 21 Jul, 2021 11:36am

Technology

TikTok to automatically remove content that violates policy

Videos uploaded to the platform go through technology tools that work to recognize and flag any potential violations which are then reviewed by a safety team member.

Published 09 Jul, 2021 07:31pm

Technology

ByteDance founder donates $77 million amid China billionaires' charity rush

Last month, Zhang unexpectedly announced he would step down as ByteDance CEO

Published 22 Jun, 2021 12:31pm

Technology

Chinese apps could face subpoenas or bans under Biden order

The order will apply to business apps, including those used in banking and telecommunications, as well as consumer, the first source said.

Published 18 Jun, 2021 11:11am

Technology

China tech CEOs slip off backstage to avoid Beijing's glare

The conundrum for China's tech bosses is that ballooning growth, and the data and financial power it incubates, moves onto government territory.

Published 28 May, 2021 10:54am

Technology

China says ByteDance, Baidu, Microsoft improperly collected user data

China Cyberspace Administration also named American tech giant Microsoft and its two products Bing and LinkedIn in a statement.

Published 21 May, 2021 11:57am

Business & Finance

Big Chinese firms fined over anti-monopoly law

BEIJING: China fined 11 companies including tech giant Tencent on Friday, taking aim at their acquisitions and joint...

Published 01 May, 2021 03:28am

Business & Finance

ByteDance hires Xiaomi executive as CFO in a step towards IPO

ByteDance has also been looking at a listing for its non-China business, which includes TikTok that is not available in China, in Europe or the United States.
Chinese smartphone maker Xiaomi said earlier on Wednesday in a filing to the Hong Kong Exchange that Chew had resigned.

Published 24 Mar, 2021 07:12pm

World

China summons tech giants over internet security

BEIJING: Chinese authorities on Thursday summoned 11 tech companies including Tencent, Alibaba, and TikTok parent...

Updated 19 Mar, 2021 09:34am

Technology

China summons tech giants over internet security

The aim is to ensure they comply with regulations and take "effective rectification measures" for potential hazards discovered.

Updated 18 Mar, 2021 04:07pm

Business & Finance

SoftBank Vision Fund set for new portfolio champion with Coupang IPO

Analysts see Coupang's $50 billion valuation as feasible given its first-mover status and as it expands beyond replacing brick-and-mortar retail with a rising number of online channels.

Published 22 Feb, 2021 12:29pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Feb 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 4 Al-Abbas Sugar Mills Limited(AABS)	352 ▼ 0.00 (0.00%)
Agro Allianz / Feb 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 4 Allied Bank Limited(ABL)	65.61 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 4 Abbott Laboratories (Pakistan) Limited(ABOT)	386.75 ▼ 0.00 (0.00%)
Abson Ind. / Feb 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 4 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 4 Attock Cement Pakistan Limited(ACPL)	55.48 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Feb 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Feb 4 Al-Abbas Sugar Mills Limited(AABS)	352 ▼ 0.00 (0.00%)
Agro Allianz / Feb 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 4 Allied Bank Limited(ABL)	65.61 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 4 Abbott Laboratories (Pakistan) Limited(ABOT)	386.75 ▼ 0.00 (0.00%)
Abson Ind. / Feb 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Feb 4 Alfalah Consumer Index ETF.(ACIETF)	6.39 ▼ 0.00 (0.00%)
Attock Cement / Feb 4 Attock Cement Pakistan Limited(ACPL)	55.48 ▼ 0.00 (0.00%)

Stock	Volume
Hub Power Co. / Feb 4 The Hub Power Company Limited(HUBC)	7,912,174 ▼ 0.00
Cnergyico PK / Feb 4 Cnergyico PK Limited(CNERGY)	7,490,206 ▼ 0.00
Dewan Motors / Feb 4 Dewan Farooque Motors Limited(DFML)	5,698,000 ▼ 0.00
Gul Ahmed / Feb 4 Gul Ahmed Textile Mills Limited(GATM)	4,995,028 ▼ 0.00
WorldCall Telecom / Feb 4 Worldcall Telecom Limited(WTL)	4,832,816 ▼ 0.00
TRG Pak Ltd / Feb 4 TRG Pakistan Limited(TRG)	4,574,299 ▼ 0.00
Lotte Chemical / Feb 4 Lotte Chemical Pakistan Limited(LOTCHEM)	3,805,565 ▼ 0.00
K-Electric Ltd. / Feb 4 K-Electric Limited(KEL)	3,686,127 ▼ 0.00
Pak Petroleum / Feb 4 Pakistan Petroleum Limited(PPL)	3,499,066 ▼ 0.00
Nishat Chun.Pow. / Feb 4 Nishat Chunian Power Limited(NCPL)	3,492,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 3	277.17
USD PKR Interbank Buying / Feb 3	278.67
USD to Japanese Yen / Feb 3	131.19
USD to Swiss Franc / Feb 3	0.93
Pound Sterling to USD / Feb 3	1.21
Euro to USD / Feb 3	1.08
UK LIBOR % / Feb 3	4.30

Stock	Volume
S&P 500 / Feb 3	4136.48
India Sensex / Feb 3	60841.88
Tokyo Nikkei / Feb 3	27509.46
Nasdaq / Feb 3	12006.96
Hang Seng / Feb 3	21660.47
FTSE 100 / Feb 3	7901.80
Dow Jones / Feb 3	33926.01
Germany DAX 30 / Feb 3	15546.43
France CAC40 / Feb 3	7233.94

Item	Value
Crude Oil USD/Barrel / Feb 3	73.39
Karachi Cotton PKR/37.32 KG / Feb 3	22235
Gold 10 Grams PKR / Feb 3	208500
Gold Spot USD/Ounce / Feb 3	1864.97
Cotton US¢/pound / Feb 3	85.43

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