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

• 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.

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

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

• 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.

• Glance's parent, mobile advertising technology firm InMobi, also owns short-video app Roposo that has gained in popularity after TikTok was banned by the Indian government in July last year.
• SoftBank is a backer of InMobi Pte as well as TikTok's Chinese parent, ByteDance, the report added.

• Tencent restricts users from sharing Douyin content on its instant messaging apps WeChat and QQ.
• We believe that competition is better for consumers and promote innovation.

SINGAPORE: Business investment commitments into Singapore rose 13% last year to their highest in more than a decade,...

• People briefed on the matter said Tuesday it was unlikely any deal would be reached before Trump leaves office on Wednesday. The Treasury Department did not respond to repeated requests for comment.

• Singapore's economy is on the path to a slow and patchy recovery after marking its deepest contraction in 2020.

• The set-up of Douyin Pay is to supplement the existing major payment options, and to ultimately enhance user experience on Douyin.
• ByteDance has been ordered by the outgoing Trump administration to divest TikTok's US assets on national security concerns.

• KKR, with investments in TikTok parent ByteDance and music company BGM, will also have publishing and recorded music rights to the catalog that has nearly 500 songs.

• TikTok has a further fight on its hands over an August 14 executive order from Trump to force ByteDance to sell its US operations to an American buyer.

• ByteDance looking to offer HK$4-5/share for stake –source.
• Could become single largest shareholder of CMGE –source.
• Sees gaming as next strategic growth area.
• CMGE denies it is in talks with ByteDance on stake sale.

• Hardcore games can be a steady source of revenue as users tend to keep playing popular titles for years and are willing to make in-app purchase for items that enhance game play, such as weapons.

• The new deadline is Dec. 4, TikTok said in the filing.

President Donald Trump in an Aug. 14 order directed ByteDance to divest the app within 90 days, which falls on Thursday. The Trump administration contends TikTok poses national security concerns as the personal data of U.S. users could be obtained by China’s government. TikTok, which has over 100 million U.S. users, denies the allegations.

• While ByteDance is still in talks with US investors, the White House and the Chinese government over how to structure the deal.
• TikTok, in a court filing dated Sept. 23, provided an analysis of how even a temporary ban could affect its business.

• The Beijing-based firm submitted the application to Beijing’s municipal commerce bureau and is awaiting a decision, it said in a statement

• Trump ordered ByteDance last month to divest TikTok amid U.S. concerns that the personal data of as many as 100 million Americans that use the app could be passed on to China’s Communist Party government.

• ByteDance has submitted a plan to U.S. officials for it to keep a majority stake in TikTok's global business and create headquarters for TikTok in the United States

• Treasury Secretary Mnuchin says US will review deal this week.
• New Chinese requirement gives Beijing a say in any sale.
• ByteDance proposes technology partnership with Oracle –sources.
• Oracle to manage TikTok's US data, may buy stake –sources.

• ByteDance has also stepped up the purchase of servers in global trade and transport hub Singapore to back up US data as a contingency.
• The Chinese firm is being forced by President Donald Trump to sell TikTok's US assets to avoid a ban in United States.

• Kids Next Door LA is one of a number of TikTok houses set up around the US where teens live.
• For two to five months, maybe, everybody is going to take a big hit. Everyone is going to lose a stream of revenue.

• BaBe said it disagreed with the claims and that it moderates content according to its community guidelines and in line with Indonesia's local laws.
• Those guidelines, which are published on its website, do not mention China or the Chinese government.

• The two companies began conversations late last month and have not reached a deal yet, according to the report.

• ByteDance’s founders are to announce their intention to set up shop in London soon, the newspaper said, adding that the move was likely to upset U.S. President Donald Trump who has considered banning TikTok in the United States.

• The Chinese firm also said it faced “complex and unimaginable difficulties” as it worked to grow into global company.

• The move would force ByteDance to separate from TikTok, the sources said. It would represent a major blow for the Beijing-based company.
• ByteDance and the US Treasury Department, which chairs the government panel that has been reviewing ByteDance's ownership of TikTok.