Tag: ByteDance

Western social apps on the cusp of mobile commerce explosion

Jorge Gonzalez
Mobile commerce - Shopping - Western World

The trend has already taken off at full force in China, and the West is primed for the same. Social media mobile commerce trends have already taken off in China, and apps like TikTok are pushing to take this boom into the Western world as well. These applications have seen the opportunity and are now seeking to build a massive new market. Consumers in China spent a massive $208 billion on the Douyin app alone – a mobile commerce application owned by the same company as TikTok, ByteDance. That app,…

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US lawmakers introduce new TikTok ban bill

Stephanie Beck
TikTok ban - US Flag - Banned

Three lawmakers have introduced legislation to block the Chinese-owned social media app in the US. A new bill has been introduced by US lawmakers for the purpose of creating a TikTok ban that would stop the app from operating in the United States. The purpose of the bill is to help protect US user data from being shared with the Chinese government. The bill was introduced by top Senate Intelligence Committee Republican Senator Marco Rubio, as well as a bipartisan congressperson pair from the House. This new attempt at a…

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ByteDance, TikTok owner, gets serious about virtual reality

John Montgallo
Virtual Reality Headset - Investment

The company is preparing to make substantial investments into VR technology. TikTok app owner, ByteDance, is jacking up its investments into the virtual reality space, according to a recent report. Media reports have indicated that the company is pouring substantial money into VR technology. The Protocol report cited a source close to the matter, who said that “tons of money” was being invested into virtual reality content. It appears that a good chunk of the ByteDance investment will be poured into hiring. The Protocol report indicated that more than 40…

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Trump threatens US TikTok ban, app threatens legal action

Stephanie Beck
TikTok ban - TikTok app on phone

ByteDance the company behind the popular Chinese application is “shocked” by the president’s executive order. Following US President Donald Trump’s TikTok ban threat if the firm is not sold to an American company by September 15, the Chinese app firm is threatening legal action. TikTok has stated that it will “pursue all remedies available” to “ensure the rule of law is not discarded.” Trump didn’t stop at the TikTok ban threat. It has also issued a similar executive order against another popular Chinese app, WeChat, escalating tensions between the United…

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