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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.
Triller Inc, a budding competitor to popular short-video app TikTok, is in discussions with blank-check acquisition companies about a merger which would take the US social media company public, according to people familiar with the matter.
ByteDance Ltd emphasised it will remain in control of a hived-off TikTok Global business, appearing to contradict US President Donald Trump’s statements about how the new entity will be directed by Americans and pay an unusual US$5bil (RM20.56bil) fee to the US government.
The TikTok video-sharing app was already under US scrutiny when users pranked President Donald Trump’s campaign by pretending to reserve thousands of tickets to a June re-election rally in Oklahoma.
Saying it had “no choice”, TikTok on Monday sued US President Donald Trump over his executive order banning transactions in the United States with the popular short-form video-sharing app.
TIKTOK plans to file a lawsuit on Monday against President Donald Trump's executive order prohibiting transactions with the popular short video app and its Chinese parent ByteDance, confirming an earlier Reuters report.
Tencent Holdings Ltd tried to reassure investors that US President Donald Trump’s ban on its WeChat messaging service may apply only to its overseas operations, suggesting the impact on the world’s largest gaming corporation should be modest.
Donald Trump’s WeChat ban targets a celebrated Chinese innovation at the heart of the world’s largest mobile gaming and social media empire, threatening one of the more eye-catching stock rallies of 2020.
TikTok owner ByteDance to step up legal, PR fight in Trump’s war against Chinese-owned app, sources say
The Chinese owners of TikTok plan to step up opposition to a ban on US operations, as criticism grows at home the firm is kowtowing to American demands. Negotiations with Microsoft and social media giant Twitter for a forced sale are unlikely to succeed, says a source briefed on the matter.
Tencent-backed Kuaishou launches short video app for global audience – and it looks similar to TikTok
Kuaishou is China’s second-largest short video app, after ByteDance-owned DouyinIts new offering, Snack Video, closely resembles Douyin’s international counterpart TikTok.