ByteDance cofounder Zhang Yiming has become China’s richest man as investors bet on companies with AI potential.

The lawsuit against the ByteDance-owned social media giant reveals it made nearly $2 billion globally in sales from TikTok LIVE during just one quarter of 2023. And Bloomberg reports more than $ ...

That would value ByteDance at $350bn (£272bn) based on previous valuation methods at different share buyback price points, but with it being a private company there is no gold standard for fixing ...

(Bloomberg) -- ByteDance Ltd. plans to buy back employee stock at a valuation of about $312 billion, a significant markup from previous levels that reflects a brightening outlook for Chinese tech ...

TL;DR: Broadcom's ByteDance AI accelerator project was canceled amid tightened US semiconductor restrictions on China. Broadcom has reportedly seen its huge ByteDance project canceled, after the ...