HONG KONG/BEIJING Chinese online education startup Zuoyebang has started a new fundraising drive at a valuation of $10 billion, said two people with direct knowledge of the matter, as investor appetite for the sector continues to surge amid the COVID-19 pandemic.
SHANGHAI Ant Group, owner of China's ubiquitous mobile payment app Alipay, launched a blockchain-powered platform for cross-border trade settlements on Friday, as it races to launch more technology products ahead of its blockbuster IPO.
NEW YORK/BEIJING ByteDance and Oracle Corp issued conflicting statements on Monday over the terms of an agreement they reached with the White House over the weekend to allow TikTok to continue to operate in the United States, casting doubt on President Donald Trump's preliminary blessing of the deal. | Video
BEIJING China will need to approve ByteDance's proposed deal with Oracle Corp for its TikTok app, the Chinese company said on Thursday, indicating how its bid to stave off a ban in the United States could be further complicated.
BEIJING Douyin, the Chinese version of short video app TikTok, hit 600 million daily active users in August, an executive with parent company ByteDance said on Tuesday, a 50% jump since the start of the year.
Sept 12 Beijing opposes a forced sale of
TikTok's U.S. operations by its Chinese owner ByteDance, and
would prefer to see the short video app shut down in the United
States, three people with direct knowledge of the matter said on
BEIJING President Donald Trump said on Thursday that he does not plan to extend a deadline for ByteDance to sell TikTok's U.S. business, with the process still mired in uncertainty.
Beijing opposes a forced sale of TikTok's U.S. operations by its Chinese owner ByteDance, and would prefer to see the short video app shut down in the United States, three people with direct knowledge of the matter said on Friday. | Video