Timothy kuzigi’s Post

How important are ByteDance's #tiktok trade secrets? So much so that if forced to sell or divest it's US business, they will likely just shut it down. Why?? Because they would be handing a US company one of the most valuable algorithms (trade secrets) in practice today. Simply too much risk to their ex-US businesses to have the algo out in the wild. Great piece by Kane Wu & Julie Zhu!

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 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

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

What are your thoughts on the marketing news this morning: https://zurl.co/pg1W ? Should brands be worried given this is the 2nd time for a potential ban of TikTok? Even though this bill is bipartisan, do you think the chaos of late will hinder the bill's adoption? Are you on TikTok? Do you even care? As our digital media manager began his career in China, we have been actively discussing the risks of TikTok with clients while making sure to stay up-to-date on the platform should they eventually become a wholly owned U.S. company.  At a moment's notice, platforms in China were shut down for "review" and all businesses were forced to sit back and watch as they could do nothing and the same could currently happen should ByteDance be asked for their data. Small businesses have put an incredible amount of time and effort into this newest craze, but is this just a longer-term fad? Ultimately, whatever happens, this is a perfect case for the business risk should you choose to put all your eggs in one basket.

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.

Interesting times ahead

Despite its meteoric rise, TikTok faces intense scrutiny over its Chinese ownership and data practices. The escalating tension underscores the mounting concerns surrounding TikTok's future in the United States, where legislation has been proposed to force its Chinese parent company, ByteDance, to divest its US operations. Although the Biden administration appears open to a potential compromise if TikTok severs its Chinese ownership ties. To find out about how DeepSearch Labs can help your business please get in touch on: [email protected] or visit our website: https://lnkd.in/giRaZWiW #TikTokScrutiny #DataPrivacy #CorporateIntelligence #RegulatoryCompliance #TechPolicy

Fresh out of the studio, Jing Yang, the Asia Bureau Chief for The Information, provided an insightful analysis of the potential implications of the recent U.S. House of Representatives bill to force Bytedance to divest TikTok or face a ban in the US. Detailing a timeline of events, she illuminated how ByteDance and TikTok executives may have misinterpreted U.S. political signals. Despite Bytedance's profitability in China, she shed light on why TikTok is facing financial challenges and the complex dynamics between Bytedance and the investors of the company. Concluding her discussion, she offered her perspectives on the possible future of TikTok globally pending the outcome. "If we assume that happens, I'm sure TikTok, let alone ByteDance as a company as a whole, will survive - and maybe even continue to thrive after this. Because, let's put things into perspective, right? TikTok has more than 1 billion users globally and then the US represents just a little over a 10th of that, 170 million. So I'm not saying that it's not going to impact TikTok and ByteDance. But does it pose an existential threat? Probably not. I believe given we already talked about how ByteDance has been super profitable. I think that, even if they get banned in the US, this is by no means the end of TikTok or ByteDance." - Jing Yang You can watch the full video here: https://lnkd.in/gRSdEgr2

"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