TikTok

ByteDance's short video app TikTok, which was banned in India at the end of June, is working on a strategy and plan to revive the local market, sources quoted by India Times today said.

Beijing-based TikTok owner ByteDance plans to open another 10,000 jobs by the end of the year, on top of the nearly 30,000 hires it has already made in China this year, TechWeb reported Wednesday, adding that ByteDance's total workforce will top 100,000 when the new hiring is complete.

A federal judge in Pennsylvania on Friday blocked a US Department of Commerce executive order, previously set to take effect Nov. 12, that would have effectively banned Chinese-owned short-form video-sharing app TikTok from operating in the US, Reuters reported.

Kuaishou, the main rival of TikTok's Chinese version (Douyin), plans to submit an application for a Hong Kong listing as early as next week, the International Financial Review said, citing people with knowledge of the matter.

ByteDance is considering pushing for a separate listing of Douyin, the Chinese version of TikTok, in Hong Kong, 36kr said, citing sources with knowledge of the matter, adding that a number of investment banks, including Goldman Sachs, have talked to ByteDance about underwriting.

On October 23, Douyin, the Chinese version of TikTok, announced the launch of its "Seeing Crafts" program for artisans and artisan businesses across the country, with the hope that the program will help more than 1,000 artisans earn more than 1 million yuan in the coming year, according to Mu Qing, head of Douyin's e-commerce operations.

Douyin and its overseas version of TikTok generated more than $130 million in global App Store and Google Play revenue in September 2020, 7.9 times more than in September last year, once again topping the global mobile app (non-game) revenue chart, according to Sensor Tower data.

TikTok has surpassed Instagram to become the second favorite social media app among US teens, according to a report released Tuesday.

Regarding to the rumors about it cooperation between Oracle and Walmart, TikTok owner ByteDance issued a statement on Monday.

In response to US President Donald Trump's August 6 executive order to protect national security, the US Commerce Department (Commerce Department) on Friday issued a statement banning the WeChat and TikTok apps from trading in the US, according to the Commerce Department's website.