TikTok's parent company reportedly faces a national security review
Recently TikTok's popularity has exploded worldwide, and so has scrutiny over the app's parent company ByteDance and its relationship to the Chinese government. Now Reuters reports that the Committee on Foreign Investment in the United States (CFIUS) has opened a national security review of the company, because it had not sought approval to make its $1 billion acquisition of Musical.ly in 2017. US lawmakers have expressed concern's over theUS lawmakers have expressed concern's over the app's ability to collect data, while the company responded saying "TikTok is committed to being a trusted and responsible corporate citizen in the US, which includes working with Congress and all relevant regulatory agencies.
Besides TikTok , ByteDance owns several popular AI-based video and news apps, such as Slack alternative Lark, video-chat app Flipchat, and news aggregator Toutiao, but TikTok is by far its most popular offering. The app has done so well with both Western and Asian audiences that it recently
TikTok owner ByteDance has confirmed previous reports that it plans to produce a smartphone after making a deal with Smartisan earlier this year in which it acquired a number of its patents and It ’ s not exactly surprising that ByteDance is considering entering another product category, especially since it
Theby TikTok's owner ByteDance is now available. The Nut Pro 3 is ByteDance's first smartphone. It's a continuation of work by the Chinese phone maker (which partially explains ), and it's being released under the Smartisan brand.
As we, ByteDance acquired a bunch of Smartisan patents and talent. ByteDance then helped make the Nut Pro 3 and packed it with branded features. Apparently, it didn't decide to change the naming scheme.
Users will be able to launch Douyin -- the Chinese version of TikTok -- by swiping up on the lock screen,. They'll also be able to apply TikTok effects and filters to videos of any length. So, while the phone might still be under the Smartisan brand, it will give ByteDance a dedicated device and platform to share its apps and features in new ways.
Theis on sale in China and starts at 2,899 yuan (about $412). It comes with Qualcomm's Snapdragon 855+ chipset, up to 12GM of RAM, 256GM of storage and four cameras.
ByteDance may sell off TikTok stake to avoid US backlash .
Chinese company ByteDance's TikTok app is popular with young people across the globe for posting fun videos. However, recently security concerns about the app have been raised in the US, with senators requesting an assessment of its potential as a national security risk and the US Navy banning the app from government-issued phones. Now, the company's leadership is considering how to address these concerns, according to Bloomberg. Sources whoSources who spoke to Bloomberg said that the company is considering selling off a majority stake of TikTok to financial investors, in order to protect the business.