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Ant Group, the digital financial services arm of Alibaba, had a US$150bil valuation to top the rankings of this year’s Hurun Global Unicorn Index. The total value of all known unicorns in the world is US$1.9tril, equivalent to the GDP of Italy.
Some British lawmakers push back on TikTok’s possible HQ move from California to London, sources say
Parent company ByteDance admitted on Aug 3 that TikTok’s headquarters may be established outside the United States. US president has given ByteDance until Sept 15 to work out possible sale to Microsoft, or any other US company.
White House trade adviser Peter Navarro suggested on Aug 3 that Microsoft Corp could divest its holdings in China if it were to buy the Chinese owned short-video app TikTok.
Monopoly power is a good gig if you can get it. The trouble is keeping lawmakers from knocking on your door.
A growing number of US influencers are worried about TikTok’s future as the social video app faces growing scrutiny from the US government, rising competition from rivals such as Facebook and the defection of top level creators.
Microsoft Corp’s potential acquisition of short-video app TikTok carries myriad risks, thrusting it into the politically fraught social media business and Sino-US conflict amid increased scrutiny of big-tech companies.
The Covid-19 pandemic is fueling an e-commerce boom as shuttered businesses move online – but Google isn’t benefiting in the way its big tech rivals are.
Let’s get something clear upfront: Microsoft Corp’s purchase of TikTok isn’t worth US$50bil (RM211.67bil).
In a bid to salvage a deal for the US operations of TikTok, Microsoft Corp chief executive officer Satya Nadella spoke with US president Donald Trump by phone about how to secure the administration’s blessing to buy the wildly popular, but besieged, music video app.