ByteDance owns both TikTok and Douyin, and although TikTok has more users around the world, Douyin is the company’s cash cow and a China mainstay. By Claire Fu and Daisuke Wakabayashi Reporting from ...
President Donald Trump’s tariffs announcement this week prompted China to back out of a potential deal to save TikTok. The Trump administration was close to finalizing a deal for U.S. investors to own ...
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