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United States

Yingzhi Yang

Baidu-backed online tutor Zuoyebang seeks new funding at $10 billion valuation: sources

Sep 30 2020

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.

Ant launches blockchain-based cross-border trade platform ahead of $35 billion IPO

Sep 25 2020

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.

ByteDance, Oracle at loggerheads over terms of TikTok agreement

Sep 21 2020

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

ByteDance says China will have to approve its U.S. TikTok deal

Sep 17 2020

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.

ByteDance's Chinese version of TikTok hits 600 million daily users

Sep 15 2020

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.

RPT-EXCLUSIVE-China would rather see TikTok U.S. close than a forced sale - sources

Sep 13 2020

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 Friday.

Explainer: Next steps in the TikTok diplomatic dance

Sep 11 2020

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.

Exclusive: China would rather see TikTok U.S. close than a forced sale

Sep 11 2020

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

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