Analyse Asia’s Post

Of course, TikTok and its parent company ByteDance were all over the news last week. It is a great time to speak to Jing Yang, the Asia Bureau Chief from The Information and assess the situation from a neutral Asian perspective on Analyse Asia #podcast. Here are the key takeaways from my conversation with her and it is simply a tale of 2 markets - #China and International: 1/ Misjudging U.S. Political Landscape: TikTok underestimated the complexities of U.S. politics, leading to a bill threatening its operation. Their technical solutions, although innovative, couldn't fully address the heightened political concerns surrounding data security. 2/ Data Security Hurdles: The podcast emphasized TikTok's significant efforts in enhancing data security, like 'Project Texas' involving Oracle and its engagement with USDS and CFIUS. However, these initiatives have been overshadowed by broader political issues, highlighting the complex interplay between tech innovation and government policy. 3/ Financial Dichotomy: Despite ByteDance's robust profitability in China, TikTok faces financial strains internationally. Initiatives like TikTok Shop indicate a commitment to global expansion, but they come with substantial costs, showing the challenge of replicating domestic success in international markets. You can watch the full video: https://lnkd.in/gGpBB5xH

***How Tiktok managed to crack the outside China market?*** This is a very very interesting yet a long read (case study) with some fresh perspectives on how a business can be purely built on the entertainment capital, capitalising on algorithms. Shravan Tickoo - where do you get such articles from? This left me hungry for more for sure 😁 https://lnkd.in/gzYw-3fa

TIKTOK DIGS IN TO FIGHT US BAN WITH 170 MILLION USERS AT STAKE Bloomberg 🎏 TikTok’s sizzling growth makes it harder to part with now 🎐 A legal battle could set the tone for Chinese companies in US Four years ago, when the Trump administration threatened to ban TikTok in the US, its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time. Once again, the US government is aiming to shut down TikTok unless it’s divested from Beijing-based ByteDance. But the company has made clear it has no intention of selling. Indeed, TikTok’s management vowed in an internal memo to staff “we will move to the courts for a legal challenge” if the bill winding its way through Congress is signed into law. That sets the stage for a watershed legal battle between the US government and the offspring of a $240 billion startup that’s come to define China’s growing technological muscle. The outcome could define the business landscape for Chinese companies like Tencent Holdings Ltd. and PDD Holdings Inc.’s Temu with growing US ambitions. And it’s a test of how Beijing will respond to growing pressure on homegrown champions from ByteDance to Huawei Technologies Co. The proposed bill in fact deliberately calls out the potential to circumscribe apps from countries that count as foreign adversaries. “It’s not just TikTok, since we saw the US also took actions before against Huawei and now hundreds of Chinese companies are under US sanctions,” said Wu Xinbo, a director at Fudan University’s Center for American Studies. “In the future, other companies like Temu and other commerce platforms could also be affected and US allies may follow suit to ban TikTok as well. This may have a domino effect.” learn more: https://lnkd.in/gEDh-FVd #investment #metaverse #fashion #socialmedia #conflict #ai

TikTok's Chinese parent company ByteDance says it has no intention of selling the business after the US passed a law to force it to sell the hugely popular video app or be banned in America. According to TikTok, ByteDance's Chinese founder owns 20% of shares, through a controlling stake in the company. About 60% is owned by #institutionalinvestors, including major US investment firms The Carlyle Group, General Atlantic, and Susquehanna International Group, LLP (SIG) . The remaining 20% is owned by its employees around the world and 3 of ByteDance's 5 board members are American. The Chinese government has also dismissed such concerns as paranoia and has warned that a TikTok ban would "inevitably come back to bite the US". However, TikTok is not facing an immediate ban in the US. The new law gives ByteDance nine months to sell the business, and an additional three-month grace period, before a potential ban can be enforced. That means the sale deadline would most likely come some time in 2025, after the winner of the 2024 presidential election takes office. #GlobalRivalry #TechWar #TradeWar #TechTrends #TechCompanies #ChineseCompanies #EconomicWar #Geopolitics #Diplomacy #Geostrategy #CorporateStrategy #Strategy #Politics #WorldPolitics #ForeignRelations #ForeignAffairs #ForeignPolicy https://lnkd.in/gfTdgdzs

TikTok, which Chinese technology firm ByteDance owns, faces the threat of a total ban in the US, leading to the question of what problems this potential ban will cause for businesses that rely on TikTok. The latest blog post dives into what this really means if you use TikTok for revenue and learn how MHA can help you seamlessly transition to other platforms. Read more at https://lnkd.in/gsDgySbd.

ByteDance would rather close down Tik Tok in the US than sell it if it fails to fight potential US ban in court, report says ByteDance would rather close down TikTok in the US than sell it, Reuters reported, citing four unnamed sources. President Joe Biden recently signed into law legislation that could see TikTok banned in the US. ByteDance has nine months to a year to divest itself of the company under the legislation. Tap the link in our bio for more about TikTok's future in the US. Follow TechWisdo Technology Insights News Updates #TechWisdo #usa #usatechnology #techhouse #tech #technology #techno #techtrends #trendingreels #america #americanstyle #technews #newtech #upcomingtechnology #latestnewstoday #nvidiageforce #virginia #tiktokusa #facebooknewsfeed #tiktokers #tiktok #business #businessnews

TikTok's impending ban has shaken up the social media landscape, posing questions for creators, businesses, regulators, and industry giants alike. With Congress greenlighting legislation to potentially remove the platform unless sold by ByteDance within a year, the stakes are high. Big Tech and social media players, including Meta and Alphabet Inc., should closely monitor the situation to safeguard their reputational risk. Our latest article offers insights from traditional and social media intelligence with the question on many minds: How might the TikTok ban play out? #TikTok #TikTokBan #socialmedia

The article provides a high-level summary of #ByteDance’s history and ownership structure. ByteDance isn't publicly listed. Instead, the company is owned by a consortium of institutional and private investors, such as the Carlyle Group, as well as the company's founder, Zhang Yiming. The current CEO is Liang Rubo, Zhang’s university roommate and ByteDance’s co-founder. Moreover, Susquehanna International Group, one of the significant investors with a 15% holding, is owned by Jeff Yass, a major donor to Donald Trump, who has reversed his stances against TikTok established during his presidency. Similarly to other large PRC-registered companies, the Party has established a political branch and a committee in ByteDance. Furthermore, the government has held a 1% stake in its local subsidiary, Beijing ByteDance Technology, since 2019. ByteDance is considered a global-leading company on #algorithms and commending recommendation engines in apps. #TikTok is the international version of ByteDance’s social media app, #Douyin (抖音). Source: Reuters, Inc.Australia. #geopolitics #socialmedia #nationalsecurity #technology #artificialintelligence

President Biden gave #ByteDance 1 year to settle its affairs and sell TikTok, or they would be banned from US. However, in a twist of events, ByteDance would rather shut down TikTok than sell the company. Apparently, the US only provides a quarter of TikTok's global revenue and only represents 5% of ByteDance's daily active users across all of its media platforms. The short deadline to sell would likely put downward pressure on any potential sale price, making the option even less appealing. Selling the company would mean divesting the algorithms that power TikTok and its video recommendations, which raises more complications. On top of that, this "sell or face a ban" goes against the standards of a free market which US stands for. President Biden seems to be losing touch with reality. Just this week, he also suggested a new bill proposing a 25% tax on unrealized capital gains, which is unprecedented in human history! 🤡 Image generated by #MegaPix AI (#Solana Image Generation GPT!)

"TikTok's Chinese parent company ByteDance says it has no intention of selling the business after the US passed a law to force it to sell the hugely popular video app or be banned in America. "ByteDance doesn't have any plans to sell TikTok," the company posted on its official account on Toutiao, a social media platform it owns. Earlier this week, TikTok said it would challenge in court the "unconstitutional" law."We are confident and we will keep fighting for your rights in the courts," said TikTok boss Shou Zi Chew in a video posted on the platform this week. "The facts, and the Constitution, are on our side... rest assured, we aren't going anywhere." According to TikTok, ByteDance's Chinese founder owns 20% of shares, through a controlling stake in the company. About 60% is owned by institutional investors, including major US investment firms Carlyle Group, General Atlantic, and Susquehanna International Group. The remaining 20% is owned by its employees around the world and three of ByteDance's five board members are American. The Chinese government has also dismissed such concerns as paranoia and has warned that a TikTok ban would "inevitably come back to bite the US". The sell-or-ban measure was signed into law by US President Joe Biden on Wednesday. The new law gives ByteDance nine months to sell the business, and an additional three-month grace period, before a potential ban can be enforced. That means the sale deadline would most likely come some time in 2025, after the winner of the 2024 presidential election takes office." https://lnkd.in/g5Wt4dAT