US lifts TikTok ban on federal employees’ official devices
DOJ said the national security risk has eased after ByteDance was left with just a 19.9 percent stake in TikTok USDS.
Republika, Fox News
Subject
#Bytedance
ByteDance pursues $20 billion offshore loan amid AI spending push
What's new: The proposed borrowing would top its $10.8 billion 2024 deal and could run three years, with an option to extend to five.
Tencent weighs sale of Marvelous and other Japan game stakes
Why it matters: The review reflects pressure to trim weaker bets as Tencent spends more to keep pace in AI.
Microsoft sells OpenAI models in China as ByteDance tops $1 billion
Why it matters: The business expands US AI reach in China even as OpenAI and Anthropic avoid direct sales there.
Xiaohongshu eyes late-June confidential filing for Hong Kong IPO
What's new: The RedNote owner was valued at about $31 billion last year and projected roughly $3 billion in 2025 profit.
Alibaba, JD.com fall after China rebukes 618 discount promotions
What's new: Beijing regulators also targeted PDD, ByteDance and Xiaohongshu over alleged false advertising during the midyear shopping festival.
Alibaba, JD.com drop as Beijing rebukes 618 discount pitches
What's new: China's regulator also called in PDD, ByteDance and Xiaohongshu over allegedly misleading subsidy claims.