TikTok - Asia Tech Wire

TikTok

2025.03.07

09:16

Trump: Deadline for TikTok's "sell or ban" law may be extended again

On March 6, local time, US President Trump said that if no deal is reached by April 5, he will "most likely" extend the sale deadline for the social video app TikTok. Trump said, "There are a lot of people interested in TikTok," and "We still have at least a month, so we don't need an extension." At the same time, Trump said he was willing to extend the deadline if necessary. In January this year, Trump signed an executive order after being elected as US President, requiring the short video social media platform TikTok's "no sale or ban" law to be temporarily suspended for the next 75 days. This also means that the implementation deadline of TikTok's "no sale or ban" law has been postponed to April 5.

04:20

US President Trump: The deadline regarding TikTok may be extended.

2025.03.05

07:13

ByteDance launches a new round of stock buyback plan with a valuation of approximately US$315 billion

Cailian Press quoted Reuters as saying that people familiar with the matter revealed that TikTok's parent company ByteDance launched a new stock repurchase plan for its U.S. employees this week, offering $189.90 per share. This price is 11% higher than the $171 per share in the stock repurchase plan a year ago, and higher than the $181 per share six months ago. Another person familiar with the matter said that in the latest stock repurchase plan, ByteDance is valued at approximately $315 billion.

2025.02.28

12:34

TikTok plans to invest $8.8 billion in Thailand over five years

According to Bloomberg, TikTok plans to invest US$8.8 billion in Thailand over five years.

2025.02.20

15:50

Trump said he looked forward to Chinese leaders visiting the United States, the Ministry of Foreign Affairs responded

On February 20, Foreign Ministry Spokesperson Guo Jiakun hosted a regular press conference. A foreign media reporter asked that Trump also said yesterday that he looked forward to the Chinese leader's visit to the United States, but did not give a specific time. Finally, he also said that he was talking to China about the TikTok issue, but did not elaborate on the situation. Can the Ministry of Foreign Affairs provide more details? Guo Jiakun said that China's policy toward the United States is consistent and clear. We are willing to work with the United States to promote the stable, healthy and sustainable development of Sino-US relations on the principles of mutual respect, peaceful coexistence and win-win cooperation. It is hoped that the United States will earnestly implement the important consensus reached by the two heads of state in a call and meet China halfway. "Regarding the specific issues you mentioned, I have no information to provide. Regarding issues involving TikTok, China has previously clarified its principled position many times." Guo Jiakun said.

2025.02.19

16:48

TikTok's e-commerce growth target in the United States this year is 400%, and the "delisting storm" has not affected internal confidence

According to multiple insiders, before TikTok was shut down in the United States, TikTok e-commerce had set a goal of growing 400% in the United States this year. At present, the fastest growing category of TikTok e-commerce in the United States is home products, and health products have also seen good growth. A Chinese merchant operating in TikTok e-commerce expressed an optimistic attitude. In his opinion, the current development status of TikTok e-commerce in the United States is similar to that of Douyin e-commerce in China around 2020, and the daily order volume of small and medium-sized merchants can reach about 1,000 orders.

13:09

TikTok surpasses Facebook in monthly active users in South Korea

According to data released by the Korean data service provider "IGAWorks Mobile Index" on the 19th, the monthly active users (MAU) of ByteDance's TikTok and its simplified version TikTok Lite reached 4,898,510 and 4,791,235 respectively. The total number of the two has surpassed Facebook's monthly active users (8,618,065). Although it is still less than the number of users of Instagram, TikTok has quickly spread among young people and its influence cannot be underestimated.

2025.02.18

08:55

CITIC Securities: Douyin live e-commerce is gaining attention again, and TikTok is accelerating its overseas expansion

According to a research report by CITIC Securities, ByteDance held a staff meeting on February 13. According to reports from multiple media, the meeting mentioned the 2025 plan for its e-commerce business: Douyin e-commerce attaches importance to live broadcasting scenarios and has issued nine merchant support policies at the beginning of the year; TikTok has accelerated the expansion of new overseas markets and has opened new sites in Spain and Mexico since December 2024. We believe that the company is expected to continue to promote its business around the strategy in the future, and we recommend paying attention to brands with strong brand potential and leading layout of related channels, as well as agency operation companies and MCN agencies with excellent user operation and data analysis capabilities.

2025.02.15

09:04

In 2024, Douyin e-commerce GMV will be about 3.5 trillion yuan, a year-on-year increase of more than 30%.

On the morning of February 13, ByteDance held a new staff meeting. ByteDance CEO Liang Rubo, CFO Gao Zhun, HR director Hua Wei, e-commerce director Kang Zeyu, AI director Zhu Wenjia, and TikTok CEO Zhou Shouzi attended the meeting to communicate with employees. Regarding the e-commerce business, Liang Rubo said that Douyin e-commerce has three goals this year, namely increasing user coverage, increasing the scale of live e-commerce, and increasing GMV (total transaction volume) generated by searches. According to the all-staff meeting, the GMV of Douyin e-commerce in 2024 will be about 3.5 trillion yuan, a year-on-year increase of more than 30%. The GMV of Douyin e-commerce in the first half of last year did not meet expectations. In the second half of the year, when many head anchors "collapsed" and other heads were less enthusiastic about participating in the promotion, the gap in the GMV target was still made up through the unexpected performance of shelf scenes and store broadcasts (merchants' own broadcasts). For overseas business, Kang Zeyu introduced that TikTok's e-commerce market share in Southeast Asia continued to increase, and the UK completed its GMV target with a budget better than the plan at the beginning of the year. The performance of the US market in 2024 was not as expected, and many goals were not achieved in the first three quarters. In the third quarter, the management team reviewed the US market strategy, cut the budget, and focused on content e-commerce. GMV resumed growth, and the short video submissions of influencers increased significantly. The live broadcast GMV of TikTok's US e-commerce is still less than 20%, most of which is contributed by short videos, while domestic GMV is mostly contributed by live broadcasts. Regarding the company's image, Liang Rubo said that catching up with YouTube in terms of user trust and reputation is the business goal this year. He also mentioned that Douyin and Toutiao should do a good job in the governance of false information and rumors, crack down on the behavior of seeking traffic without bottom line, and increase the fairness and predictability of governance.

08:53

ByteDance CEO reflects on DeepSeek: The follow-up speed is not fast enough, and we need to pursue the upper limit of intelligence this year

On the morning of February 13, ByteDance held a new staff meeting. ByteDance CEO Liang Rubo, CFO Gao Zhun, HR Director Hua Wei, E-commerce Director Kang Zeyu, AI Director Zhu Wenjia, and TikTok CEO Zhou Shouzi attended the meeting to communicate with employees. Regarding the AI business, ByteDance CEO Liang Rubo proposed key goals for 2025 at the meeting, including pursuing the upper limit of "intelligence", exploring new interactions, and strengthening scale effects. Liang Rubo said that the long-chain thinking model, one of the innovations of DeepSeek R1, is not the first in the industry. After OpenAI released the long-chain thinking model in September last year and it became a hot topic in the industry, ByteDance realized the major changes in technology, but the follow-up speed was not fast enough. If it had paid attention to it in time, it would have had the opportunity to achieve it earlier.

2025.02.14

20:31

Liang Ruobo, CEO of ByteDance: Douyin must do a good job in managing rumors and cracking down on unscrupulous behaviors that seek traffic

According to media reports, on the morning of February 13, ByteDance held a new AllHands meeting. Regarding the company's image, ByteDance CEO Liang Rubo said that TikTok's business goal this year is to catch up with YouTube in terms of user trust and reputation. He also mentioned that Douyin and Toutiao should do a good job in managing false information and rumors, crack down on behaviors that seek traffic without any bottom line, and increase the fairness and predictability of management.

11:41

TikTok announced that it has been re-listed on the US App Store and Google Play App Store

On February 14, TikTok issued a press release stating that the TikTok application is now available for download from the Apple App Store and Google Play App Store in the United States.

11:37

TikTok: The latest version of the TikTok app is now available for download in the Google Play Store and Apple App Store in the United States.

09:03

Google: TikTok is back on the Google Play Store.

09:03

Google: TikTok is back on the Google Play Store

Google: TikTok is back on the Google Play Store.

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Singapore investigates Nvidia server export fraud
                            2025-03-03

                                    Shenzhen: By 2027, there will be more than 1,200 companies related to the embodied intelligent robot industry cluster
                            2025-03-03

                                    Hongqi Chain Store: Deputy General Managers Zhang Ying, Wan Chun, Hong Fan and Yang Yuanbin resigned
                            2025-03-03

                                    Shenzhen: Focus on supporting key core technologies such as core components of embodied intelligent robots, AI chips, and bionic dexterous hands
                            2025-03-03

                                    Intel showcases Xeon 6 processor-based network infrastructure at MWC2025
                            2025-03-03