ByteDance

ByteDance founder defends TikTok’s U.S. strategy in staff letter

BEIJING (Reuters) – ByteDance founder Zhang Yiming told employees on Tuesday there were misunderstandings on Chinese social media about TikTok’s situation in the United States and that the company could face more difficulties as anti-Chinese sentiment rose abroad.

FILE PHOTO: Zhang Yiming, founder and global CEO of ByteDance, poses in Palo Alto, California, U.S., March 4, 2020. Picture taken March 4, 2020. REUTERS/Shannon Stapleton

His comments in a letter to ByteDance’s Chinese employees came after the company and Zhang were heavily criticised on Chinese social media for entering into talks with Microsoft Corp (MSFT.O) to sell TikTok’s U.S. operations.

Chinese media first reported the contents of the internal letter. A source confirmed the content of the memo to Reuters.

ByteDance did not immediately respond to a request for comment.

“I actually understand (the criticism),” Zhang said in the letter. “People have high expectations of a company founded by

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China’s ByteDance to consider international HQ for TikTok, outside U.S.

LONDON (Reuters) – Chinese tech company ByteDance said on Monday it was considering moving the headquarters of its TikTok video sharing platform overseas, following a British media report that the unit could relocate to London.

FILE PHOTO: The logo of Bytedance, the China-based company which owns the short video app TikTok, or Douyin, is seen at its office in Beijing, China July 7, 2020. REUTERS/Thomas Suen/File Photo

TikTok is under heavy fire from U.S. President Donald Trump and other American politicians over concerns that it poses a national security risk, and Microsoft (MSFT.O) has emerged as a possible buyer of TikTok’s U.S. operations.

Britain’s Sun newspaper reported on Monday that ByteDance’s founders would soon announce their intention to set up shop for TikTok in London, where other tech majors such as Google (GOOGL.O) and Facebook (FB.O) have a strong presence.

Asked about the report,

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Microsoft says in talks to buy TikTok’s U.S. operations from China’s ByteDance

BEIJING/SHANGHAI (Reuters) – Microsoft Corp (MSFT.O) said it will push ahead with talks to acquire the U.S. operations of Chinese-owned short-video app TikTok, a potential blockbuster deal that could re-shape the social media industry and further inflame crumbling U.S.-China relations.

People walk past the Bytedance headquarters building in Beijing, China August 3, 2020. REUTERS/Carlos Garcia Rawlins

The U.S. tech giant formally declared its interest on Sunday after President Donald Trump reversed course on a planned ban of Tiktok and gave the two firms to 45 days to come to a deal.

The proposed acquisition of parts of TikTok, which boasts 100 million U.S. users, would offer Microsoft a rare opportunity to become a major competitor to social media giants such as Facebook Inc (FB.O) and Snap Inc (SNAP.N).

Microsoft, which also owns professional social media network LinkedIn, is also seeking to buy TikTok’s Canadian,

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TikTok owner ByteDance accuses Facebook of ‘plagiarism and smears’

FILE PHOTO: The ByteDance logo is seen in this illustration taken, November 27, 2019. REUTERS/Dado Ruvic/Illustration

SHANGHAI (Reuters) – TikTok owner ByteDance has accused Facebook of plagiarism and smears although it did not elaborate on the accusation.

The Chinese firm also said it faced “complex and unimaginable difficulties” as it worked to grow into global company.

The Beijing-based company made the comments in a statement late on Sunday posted on its official account on Jinri Toutiao, a news aggregator app it owns.

“ByteDance has always been committed to becoming a global company. During this process, we have faced all kinds of complex and unimaginable difficulties, including the tense international political environment, collision and conflict of different cultures and plagiarism and smears from competitor Facebook,” it said.

TikTok has attracted criticism from Facebook CEO Mark Zuckerberg, who last year accused the app of censoring political protest. TikTok has denied the claim.

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