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Founder of TikTok owner ByteDance tells employees to stay grounded and focused as company expands in size and value
ByteDance CEO Zhang Yiming told employees to keep an ‘ordinary mind’ and make decisions without worrying about growth goals as the company moves closer to an IPO. ByteDance’s valuation has surpassed that of Coca-Cola as it searches for new areas of growth, including gaming and education, while challenges overseas continue.
(Reuters) - Chinese tech giant Tencent's Timi Studios, maker of popular video games Honor of Kings and Call of Duty Mobile, generated revenue of $10 billion last year, two people with direct knowledge of the matter told Reuters.
MUMBAI (Reuters) - China's ByteDance has told an Indian court that a government freeze on its bank accounts in a probe of possible tax evasion amounts to harassment and was done illegally, according to a filing seen by Reuters.
Chinese tech giants are expanding in Singapore as they face a crackdown at home and growing pressure in other key markets – but they may struggle to find talent in the city-state.
(Reuters) - LG Electronics' move to exit its loss-making mobile business is expected to create more opportunities for Samsung than its other rivals in the lucrative North American smartphone market, analysts said.
Former Tencent employee ordered to pay US$167,000 for breaching non-compete pact after joining TikTok owner ByteDance
The Beijing No 1 Intermediate People’s Court on March 22 issued a ruling against Chen Shuo for breaking a six-month non-compete agreement with Tencent. Chen was ordered to pay Tencent compensation for the breach and return the sum he received from the firm after signing the non-compete pact.
False advertising, unlicensed workers and non-refundable advance payments are rife. Digital economy accounts for growing share of GDP but the law has not been updated at the same pace.
MUMBAI (Reuters) - An Indian court on Tuesday said China's ByteDance must deposit around $11 million that federal authorities believe the company owes in an alleged case of tax evasion, a setback for the firm which wanted to unblock its bank accounts to pay salaries.
A network of video game cheats was recently dismantled in China. By offering gamers subscriptions allowing them to obtain numerous advantages, this network is believed to have amassed more than US$750mil (RM3.09bil).
As the world struggles to break the grip of Covid-19, psychologists and misinformation experts are studying why the pandemic spawned so many conspiracy theories, which have led people to eschew masks, social distancing and vaccines.