ByteDance - Algulf

Chinese TikTok owner ByteDance increased U.S. lobbying spend by 130%

July 21, 2022 by John Mark

Rafael Henrique | Sopa Images | Lightrocket | Getty Images TikTok’s Chinese parent company ByteDance had its biggest lobbying quarter yet, spending more than $ 2.1 million in the second quarter to lobby the US government, according to its disclosure filed Wednesday in a federal database. That represents a 130% increase from ByteDance’s Q1 lobbying … Read more

TikTok owner ByteDance explores self-designed chips

July 19, 2022 by John Mark

While ByteDance is best known for its viral social media app TikTok, the Beijing-based company is now bolstering its ability in semiconductor design. ByteDance will not be manufacturing chips to sell to others, but it will be designing semiconductors that it requires for specific applications internally. Artur Widak | Nurphoto | Getty Images TikTok owner … Read more

TikTok owner ByteDance sees $1 billion in player spend on its games

June 24, 2022 by John Mark

ByteDance has been investing in its mobile gaming business through key acquisitions and is finding success outside of China. Omar Marques | Sopa Images | Lightrocket | Getty Images Chinese internet giant ByteDance’s nascent foray into gaming is showing signs of promise with spending across its mobile titles growing over the past year as it … Read more