bytedance

China’s Walled Garden

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Time Stamp: December 14, 2022 3:14 AM - Modified On: December 14, 2022 - Published By:
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Continuing our theme of speaking with people in the world of finance and technology we asked insiders at ByteDance in Shanghai their views about blockchain technology. The results give some useful insight into one of the likely narratives of the next bull run. In previous cycles narratives have ranged from Bitcoin being digital gold to NFTs being the cutting edge of the art scene. These topics pull new users into the space and with their added liquidity the value of the market begins to rise. The present decline in value

China roundup: Games are opium, algorithms need scrutiny

Source Node: https://techcrunch.com/2021/08/07/china-roundup-game-algorithm-crackdown/
Time Stamp: August 7, 2021 12:09 PM - Modified On: August 7, 2021 - Published By:
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Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. The question for the tech news cycle in China these days has become: Who is Beijing’s next target? Regulatory clampdowns are common in China’s tech industry but the breadth of the recent moves has been unprecedented. No major tech giant is exempted and everyone is being attacked from a slightly different angle, but Beijing’s message is clear: Tech businesses are to

Enthusiast Gaming Signs Content Partnership With ESPAT TV 

Source Node: https://esportsobserver.com/enthusiast-gaming-espat-tv/
Time Stamp: April 8, 2021 8:07 AM - Modified On: April 8, 2021 - Published By:
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Canadian esports company Enthusiast Gaming has signed a content partnership with sports and gaming-focused production company ESPAT TV.  Financial terms of the deal were not disclosed. Collectively, Enthusiast claims a monthly fan base of 30M across multiple teams and platforms. Under the terms of the deal, ESPAT TV will create original content for this audience through its creative collective, starting with TikTok and expanding to other platforms in the future.  Announced in December, ESPAT TV’s creative collective includes such content creation partners as Ridley Scott Creative Group’s family of companies

How ByteDance plans to crack the gaming industry

Source Node: https://techcrunch.com/2021/03/12/bytedance-gaming/
Time Stamp: March 12, 2021 3:42 AM - Modified On: March 12, 2021 - Published By:
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For the last few years, ByteDance, the parent company of short video app TikTok, has been working to diversify its revenue streams beyond advertisement and find more ways to monetize its hundreds of millions of users. One area it is targeting is gaming, which has historically been a lucrative business in China’s internet economy. China is the world’s largest gaming market, generating revenues of $40.85 billion in 2020, according to market research firm Newzoo. The United States trailed behind at $36.92 billion. But competition is also intense. Giants Tencent and

Microsoft and Walmart Partner for TikTok Bid as Kevin Mayer Exits Company

Source Node: https://esportsobserver.com/microsoft-walmart-tiktok-bid/
Time Stamp: August 27, 2020 3:48 PM - Modified On: August 27, 2020 - Published By:
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Walmart and Microsoft are teaming up to make a bid for the short-form video app TikTok, according to The New York Times. Microsoft was already in talks with TikTok owner ByteDance, but is facing competition from Oracle and Twitter, according to published reports. For sale are TikTok’s North American, Australian, and New Zealand operations, which are estimated to be worth somewhere between $20B – $30B USD. Walmart confirmed the story, issuing the following statement Thursday: “We are confident that a Walmart and Microsoft partnership would meet both the expectations of

Trump Issues New Executive Order Demanding ByteDance Sell TikTok

Source Node: https://esportsobserver.com/trump-executive-order-tiktok-aug14/
Time Stamp: August 17, 2020 9:38 AM - Modified On: August 17, 2020 - Published By:
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U.S. President Donald Trump on Friday issued an additional executive order directing Chinese company ByteDance to divest itself of short-form video app TikTok 90 days from the date of the order, or Sept. 29.   The prior executive order issued Aug. 7 by the president did not mention the U.S. Treasury and would have demanded that app stores for Android and Apple iOS mobile devices stop distributing the TikTok app if ByteDance did not reach a deal to sell it in “45 days.” The new executive order adds more conditions for

President Trump Signs Executive Orders Against ByteDance, Tencent

Source Node: https://esportsobserver.com/trump-exec-orders-tiktok-tencent/
Time Stamp: August 6, 2020 10:28 PM - Modified On: August 6, 2020 - Published By:
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Update: The White House has told the LA Times that the executive order only applies to WeChat transactions. Original Story: U.S. President Donald Trump issued two executive orders Thursday prohibiting transactions with TikTok owner ByteDance and WeChat owner Tencent Holdings. The language of the order as it relates to Tencent, is as follows: “The following actions shall be prohibited beginning 45 days after the date of this order, to the extent permitted under applicable law: any transaction that is related to WeChat by any person, or with respect to any

TikTok is emerging as a significant threat to YouTube and Instagram as children and teens abandon the two most popular video-sharing platforms

Source Node: https://techstartups.com/2020/06/10/tiktok-is-emerging-as-a-significant-threat-to-youtube-and-instagram-as-children-and-teens-abandon-the-two-most-popular-video-sharing-platforms/
Time Stamp: June 10, 2020 10:03 AM - Modified On: June 10, 2020 - Published By:
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A little over a year ago, we wrote a story about how social media app TikTok is taking teens by storm and making Snap and Facebook nervous. TikTok was developed and owned by China-based company ByteDance. Originally released in 2014, the app is a hit among teens. It became become popular enough to catch the attention of Facebook and Snap. It’s secret, however, is the the audio that goes with the videos. Back in February 2019, TikTok reported 500 million monthly active users across the globe. In the U.S., it ranked No.