China's ByteDance said on Monday that TikTok's global business will become its subsidiary, even as Oracle Corp and Walmart Inc said over the weekend that they and U.S. investors would own the majority of the video app following a deal with U.S. President Donald Trump's administration.
Chinese social media leader Tencent Holdings Ltd has said its WeChat may not be able to win new users in the United States while the White House challenges a court ruling preventing a ban on the messaging app.
A U.S. judge early Sunday blocked the Trump administration from requiring Apple Inc and Alphabet Inc's Google to remove Chinese-owned messaging app WeChat for downloads by late Sunday.
German aviation startup Volocopter has teamed up with logistics group DB Schenker to deploy its heavy-lift drones, in a project that will gather vital practical flying experience before its air taxis enter service.
U.S. app maker Blix on Monday took its fight against Apple to Europe as it laid out its grievances against the iPhone maker to EU antitrust chief Margrethe Vestager, saying that Apple is not playing fair.
China's ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app's business to address U.S. security concerns, Bloomberg News reported on Sunday, citing an unnamed person familiar with the matter.
Video-sharing app TikTok said on Saturday it has already committed to the U.S. government oversight of data security in the country, and that it was "disappointed" by the Trump administration's decision to ban it from U.S. app stores from Sunday.
Shares in German telecom 1&1 Drillisch and its parent United Internet slumped on Monday after it warned that an increase in the cost of its network access deal with Telefonica Deutschland would hit profits this year.
TikTok owner Bytedance said in a social media post on Sunday that it was the first time it had heard in the news it was setting up a $5 billion education fund in the United States.
Facebook has told Ireland's High Court it cannot see how its services could operate in the European Union if regulators freeze its data transfer mechanism, the Sunday Business Post reported, citing court documents seen by the paper.