TikTok

ByteDance will file for the initial public offering (IPO) of TikTok Global, the new company that will operate the popular short video app, should their proposed deal be cleared by the White House, according to Reuters.

Rich Waterworth, general manager of TikTok Europe, recently said that TikTok has more than 100 million monthly active users in Europe, adding that TikTok will continue to expand its team in Europe in order to better serve the local market.

Douyin, Chinese version of TikTok, has over 600 million daily active users

On September 14, Oracle confirmed US Treasury Secretary Steven Mnuchin's statement that ByteDance's proposal to the US Treasury Department would have Oracle as "the trusted technology provider" for TikTok.

Short video sharing app TikTok was the most downloaded non-gaming app worldwide for August 2020, according to market research firm Sensor Tower.

The drama of the US government forcing ByteDance to sell TikTok's US business has taken a new turn.

TikTok owner ByteDance announced on September 8 that the company will pay bonuses to all eligible employees amid uncertainty around the fate of the popular short video sharing app's US business. 

'TikTok was the top grossing non-gaming app worldwide for August 2020 with more than $88.1 million in user spending, 6.3 times its revenue in August 2019, according to mobile app analytics platform Sensor Tower.

The Trump administration is debating the scope and effective date of its bans on Chinese social media apps WeChat and TikTok and the decisions will be made public in the Federal Register around September 20, Bloomberg reported Wednesday citing people familiar with the matter.

TikTok could announce a deal in the coming days for the sale of its U.S. operations , CNBC reported on Thursday citing people familiar with the matter.