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1. www.bloomberg.com › news › articlesTikTok Parent ByteDance Now Has China’s Most Popular AI ...

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   May 20, 2024 · TikTok Parent ByteDance Now Has China’s Most Popular AI Chatbot. By Jane Zhang. May 19, 2024 at 9:13 PM PDT. Listen. 2:28. ByteDance Ltd. has overtaken Baidu Inc. in the race to deliver China’s...

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3. www.aljazeera.com › news › 2024/5/7TikTok owner ByteDance files lawsuit against US law forcing ...

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   May 7, 2024 · ByteDance, the owner of the social media platform TikTok, has filed a lawsuit against the United States government in an effort to block a law that would force it to divest from its US assets. On...

4. economictimes.indiatimes.com › tech › technologyTikTok, ByteDance sue to block US law seeking sale or ban of app

   economictimes.indiatimes.com › tech › technology

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   May 7, 2024 · TikTok and its Chinese parent company ByteDance said on Tuesday they filed suit in U.S. federal court seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 million Americans or ban its use.

5. People also ask

   Will ByteDance divest TikTok?

   • WASHINGTON, May 28 (Reuters) - A U.S. appeals court on Tuesday set a fast-track schedule to consider the legal challenges to a new law requiring China-based ByteDance to divest TikTok's U.S. assets by Jan. 19 or face a ban.

   US court to hear challenges to potential TikTok ban in September

   www.reuters.com/legal/us-court-hear-challenges-potential-tiktok-ban-september-2024-05-28/

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   Who owns ByteDance & how much is it worth?

   • Zhang’s 21% slice of ByteDance is worth more than $40 billion, based on the company’s $268 billion valuation during a recent share buyback program. The filing also shows Zhang has held onto his shares over the past year, since TikTok’s CEO revealed his boss’s stake of around 20% during a Congressional hearing.

   TikTok Lawsuit: ByteDance Founder Is Part of Elite Chinese Living in

   www.bloomberg.com/news/articles/2024-05-08/tiktok-places-bytedance-founder-among-china-moguls-in-singapore

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   Will TikTok ban ByteDance?

   • Zhang’s current status emerged after TikTok filed a lawsuit against legislation requiring ByteDance to hive off its most successful global invention. The bill sailed through Congress and President Joe Biden signed into law in April, beginning a 270-day countdown for a sale or a US prohibition of the popular video-sharing platform.

   TikTok Lawsuit: ByteDance Founder Is Part of Elite Chinese Living in

   www.bloomberg.com/news/articles/2024-05-08/tiktok-places-bytedance-founder-among-china-moguls-in-singapore

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   Can ByteDance sell off its US-based operations?

   • Under the law, ByteDance has nine months to sell off its US-based operations. Its deadline is January 19, with an additional three-month extension possible should a sale be in progress. But in its suit, ByteDance argues divestment will not be possible within the timeframe allotted — “not commercially, not technologically, not legally”.

   TikTok owner ByteDance files lawsuit against US law forcing app’s sale

   www.aljazeera.com/news/2024/5/7/tiktok-owner-bytedance-files-lawsuit-against-us-law-forcing-apps-sale

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6. www.business-standard.com › world-news › bytedanceByteDance asks US court to speed up lawsuit over divest-or ...

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   May 18, 2024 · Bloomberg. 2 min read Last Updated : May 18 2024 | 8:41 AM IST. Listen to This Article. By Sabrina Willmer. China-based ByteDance Ltd. asked an appeals court to speed up its lawsuit challenging a US law that would force it to sell the TikTok video-sharing app or face a ban. Click here to follow our WhatsApp channel.

7. www.bloomberg.com › news › articlesTikTok Lawsuit: ByteDance Founder Is Part of Elite Chinese ...

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   May 8, 2024 · Among the facts TikTok’s lawsuit against the US government surfaced: billionaire ByteDance Ltd. founder Zhang Yiming is living in Singapore while keeping Chinese citizenship.

   • Author: Zheping Huang

8. www.reuters.com › legal › us-court-hear-challengesUS court to hear challenges to potential TikTok ban in ...

   www.reuters.com › legal › us-court-hear-challenges

   5 days ago · WASHINGTON, May 28 (Reuters) - A U.S. appeals court on Tuesday set a fast-track schedule to consider the legal challenges to a new law requiring China-based ByteDance to divest TikTok's U.S....

9. www.scmp.com › tech › big-techByteDance rejects US report about its purported plan since ...

   www.scmp.com › tech › big-tech

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   4 days ago · Published: 8:28pm, 30 May 2024. Why you can trust SCMP. TikTok owner ByteDance has again denied that it considered divesting the US operations of its popular short video platform, in response to...