President Joe Biden signed an executive order on Wednesday that sets criteria for the government to evaluate the risk of apps connected to foreign adversaries, a move with implications for Chinese-owned sites like TikTok and WeChat. Biden revoked and replaced the three executive orders by then-President Donald Trump that sought to ban transactions with TikTok and WeChat […] Read more
President Donald Trump said U.S. enterprise software giant Oracle is “a great company” when asked if if it would be a good buyer for TikTok. His endorsement for Oracle, co-founded by billionaire Larry Ellison, comes after reports that the Californian tech firm is interested in buying TikTok’s North America, Australia and New Zealand businesses from Chinese parent company […] Read more
U.S. Secretary of State Mike Pompeo said President Donald Trump’s executive orders against TikTok and WeChat could be “broader” than just those two apps. Pompeo did not elaborate, but his comments could be hinting at action against other Chinese apps or even TikTok’s parent company ByteDance, or WeChat owner Tencent. “So when President Trump made his announcement about not only […] Read more
TikTok owner ByteDance made a net profit of $3 billion last year, according to a report from Bloomberg on Wednesday that cited people familiar with the matter. The fast-growing company more than doubled its revenue from $7.4 billion in 2018 to $17 billion in 2019, according to the report, which states that it also has a […] Read more
