Expansion, Bytedance have made no secret they are looking to expand into alternative markets, listing on a global exchange opens these doors. This category only includes cookies that ensures basic functionalities and security features of the website. ByteDance is ready to IPO!Short term or long term investment strategy options to suit your goals,This website uses cookies to improve your experience. These cookies will be stored in your browser only with your consent. meREWARDS lets you get coupon deals, and earn cashback when you complete surveys, dine, travel and shop with our partners.WASHINGTON: China's ByteDance is planning a US initial public offering of TikTok Global, the new company that will operate the popular short video app, should its proposed deal be cleared by the US government, people familiar with the matter said on Thursday (Sep 17).ByteDance is racing to clinch an agreement with the White House that will stave off a US ban on TikTok that President Donald Trump has threatened could happen as early as next week.Trump ordered ByteDance last month to divest TikTok amid US concerns that the personal data of as many as 100 million Americans who use the app could be passed on to China's Communist Party government.
Meadows said if TikTok remains predominantly Chinese-run under the Oracle deal, that would not meet Trump’s objectives.China said on Thursday it would need to approve ByteDance's proposed deal with the White House, indicating how its bid to stave off a ban in the United States could be further complicated.As many as 40 per cent of Americans back Trump's threat to ban TikTok if it is not sold to a US buyer, a Reuters/Ipsos national poll found last month.
If Walmart also successfully negotiates acquiring a stake, its CEO, Doug McMillon, would get a seat on TikTok Global's board, the source said.Trump said that his administration talked with Walmart and Oracle on Thursday but "nothing much has changed" regarding a deal.He added, without giving details, "I guess Microsoft is still involved." Right now you have an opportunity to be apart of the worlds most valuable start-up with an implied $75 billion price tag. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners.READ: TikTok faces another test: Its first US presidential election,READ: US investors set to own majority stake in TikTok Global. Oracle has agreed to eventually own a 20 per cent stake in the company, according to the source. On Wednesday, he reiterated he was opposed to ByteDance retaining majority ownership of TikTok.The White House and ByteDance have agreed to a term sheet on some aspects of a deal, although Trump has not yet approved it, one of the sources said. Among Republicans - Trump's party - 69 per cent said they supported the order, though only 32 per cent expressed familiarity with the app.The White House has stepped up efforts to purge what it deems "untrusted" Chinese apps from US digital networks. An IPO of TikTok would be one of the technology sector’s biggest-ever stock market debuts, given that the app was recently valued by ByteDance investors at more than $50 billion. These cookies do not store any personal information.Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. 460 Million Activ...Vigo Video is an short video platform that allows users to create and sh...BaBe is Indonesia's leading news and content app. It is mandatory to procure user consent prior to running these cookies on your website.Toutiao is one of China's largest mobile platforms of content creation a...Helo is one of India's leading social media platforms.
Yes, ByteDance (TikTok) is profitable. Microsoft did not immediately respond to a request for comment on Thursday. An IPO of TikTok would be one of the technology sector's biggest-ever stock market debuts, given that the app was recently valued by ByteDance investors at more than $50 billion. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. They want to reach a larger group of consumers outside of China. An IPO of TikTok would be one of the technology sector's biggest-ever stock market debuts, given that the app was recently valued by ByteDance investors at more than US$50 billion. ByteDance has offered to create 25,000 new US jobs with TikTok headquartered in the United States as it seeks to win Trump's blessing for a deal, Reuters has reported.It was also not clear whether ByteDance could present the deal to China as keeping majority ownership of TikTok. Payback seed investors. Oracle, Walmart and Treasury did not immediately comment.White House Chief of Staff Mark Meadows said on Thursday that the administration is still looking at details of the deal and whether it meets national security thresholds.
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