ByteDance Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/bytedance/ Latest business news media headlines platform today | Lets talk Business Tue, 19 Nov 2024 08:14:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 https://heaptalk.com/wp-content/uploads/2025/04/cropped-fav-icon-48x48-1-32x32.png ByteDance Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/bytedance/ 32 32 ByteDance lumps its valuation to US$300bn amidst the TikTok’s ban auspice https://heaptalk.com/news/bytedance-lumps-its-valuation-to-us300bn-amidst-the-tiktoks-ban-auspice/ Tue, 19 Nov 2024 08:14:54 +0000 https://heaptalk.com/?p=44331 Heaptalk, Jakarta — ByteDance, the Chinese company that owns TikTok, has announced that it has reached a valuation of $300 billion, approximately Rp4,752 trillion, claiming itself as one of the highest-valued technology firms in China. Following the matter, Reuters reported that ByteDance has recently engaged with investors over the past week to propose a share buyback initiative. […]

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]]> Tokopedia confirms layoff plan as a part of its growth strategy https://heaptalk.com/news/tokopedia-confirms-layoff-plan-as-a-part-of-its-growth-strategy/ Fri, 14 Jun 2024 06:42:37 +0000 https://heaptalk.com/?p=33056 Heaptalk, Jakarta — Tokopedia confirmed to trim an undisclosed number of employees following ByteDance’s layoff which will begin June 2024. According to Nuraini Razak, the Director of Corporate Affairs of Tokopedia and ShopTokopedia, the company has identified several areas for strengthening within the organization and adjusted its teams to align with its goals. “As a […]

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]]> ByteDance to cut 450 Indonesia’s e-commerce teams after six-month merger completion with Tokopedia https://heaptalk.com/news/bytedance-to-cut-450-indonesias-e-commerce-teams-after-six-month-merger-completion-with-tokopedia/ Thu, 13 Jun 2024 03:24:39 +0000 https://heaptalk.com/?p=32955 Heaptalk, Jakarta — TikTok’s parent company, ByteDance, announced plans to slash employees in its e-commerce business unit in Indonesia, Tokopedia, six months after the strategic acquisition between its subsidiary TikTok and this e-commerce company. Insiders reported that the layoff is expected to affect around 450 workforces, accounting for about 9% of the total number in […]

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]]> TikTok’s parent Bytedance to pour $2.13bn investment in Malaysia for AI https://heaptalk.com/news/tiktoks-parent-bytedance-to-pour-2-13bn-investment-in-malaysia-for-ai/ Mon, 10 Jun 2024 06:52:13 +0000 https://heaptalk.com/?p=32687 Heaptalk, Jakarta — TikTok’s parent company, ByteDance, announced an extension of its strategic investment worth US$2.13 billion, or approximately MYR10 billion, to construct an artificial intelligence hub in Malaysia, the country’s Trade Minister revealed on social media X. “ByteDance’s additional investment will certainly bolster Malaysia in accomplishing the target of growing the digital economy to […]

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]]> TikTok will be banned in US, will ByteDance sell the apps without algorithm? https://heaptalk.com/news/tiktok-will-be-banned-in-us-will-bytedance-sell-the-apps-without-algorithm/ Mon, 29 Apr 2024 11:06:40 +0000 https://heaptalk.com/?p=28876 Heaptalk, Jakarta — After the President of the United States (US), Joe Biden, officially signed a law requiring ByteDance to sell TikTok in the US to continue operating in Uncle Sam’s country, TikTok’s parent company is reportedly exploring other scenario to sell the apps without its algorithm, the Information reported. However, the company’s management has […]

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]]> TikTok to be banned as the US govt passed the bill https://heaptalk.com/news/tiktok-to-be-banned-as-the-us-govt-passed-the-bill/ Mon, 18 Mar 2024 07:32:44 +0000 https://heaptalk.com/?p=25533 Heaptalk, Jakarta — ByteDance’s social media app TikTok threatened to be banned in the United States following the accusation of the superpower to TikTok’s parent company regarding the data collection of its users in the US. “TikTok could live on, and people could do whatever they want, provided that separation exists. Instead of a ban, this […]

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