Justice Department claims the app, owned by the Chinese company ByteDance, has allowed millions of children under 13 to create accounts without their parents’ knowledge or consent

Domestic AI models are driving a price war, pushing companies to expand into overseas markets where user willingness to pay is higher. ByteDance's TikTok has over 1 billion monthly active users and has implemented various AI features, while its video editing app CapCut has seen 600 million annual downloads. Both startups and major companies face competition and regulatory challenges in international markets, leading to separate releases for domestic and overseas versions of their applications.

In 2023, China's top overseas e-commerce platforms, dubbed the "Four Little Dragons" (Temu, SHEIN, AliExpress, and TikTok Shop), have made significant global strides. These platforms accounted for over one-third of China’s cross-border e-commerce GMV, impacting markets with low-priced goods and shifting logistics and trade models. Compliance and regulatory challenges are major hurdles, with focus on intellectual property, tariffs, and geopolitical tensions shaping the strategies of these Chinese firms.

Vietnam and Thailand were the fastest-growing e-commerce markets in the region last year

Company said it had negotiated a 90-page national security agreement with the federal government to offer ‘multi-layered safeguards and enforcement mechanisms’

Alipay’s smaller peers struggle to survive amid new crackdown, China rolls out new rules for websites to curb cyberbullying

Congress never made proof of alleged security threat public, say TikTok lawyers

The cuts signal that the Chinese social media giant is conducting an overhaul of its Indonesian e-commerce operation after combining TikTok Shop with GoTo Group’s Tokopedia

The former U.S. president criticized Joe Biden’s divest-or-ban law, in an attempt to appeal to the many Gen-Z and millennial voters on the platform

Change may boost opposition to U.S. law pressing ByteDance to sell unit

GAC’s electric car brand teams up with CATL on battery-swapping business, Hong Kong officially launches digital yuan payments pilot

Short video platform appeals to court to decide on the merits of the case by Dec. 6 so there is adequate time to request an emergency review by the Supreme Court ‘to avoid irreparable harm’

Property mogul readies bid for U.S. TikTok, Alibaba falters again while Tencent builds on its recovery

ByteDance is integrating Doubao into more than 50 of its apps, such as Douyin, the Chinese version of TikTok

Frank McCourt, an unlikely contender to buy U.S. TikTok, has said he wants to rebuild social media

SAIC Motor rebuts claim it held back info in EU probe, Meituan tops Hong Kong food delivery market after just one year

The lawsuit indicates that ByteDance doesn’t have any intention of trying to find a buyer for TikTok as the deadline approaches

Endless videos about the economy and consumerism are giving 20-somethings a case of ‘money dysmorphia’