A former executive at ByteDance, the Chinese company which owns the popular short-video app TikTok, says in a legal filing that some members of the ruling Communist Party used data held by the company to identify and locate protesters in Hong Kong. Yintao Yu, formerly head of engineering for ByteDance in the U.S., says those same people had access to U.S. user data, an accusation that the.. On April 9th, the day before Zuckerberg’s testimony began, Bytedance was ordered to suspend its most popular product, a news-aggregator app called Jinri Toutiao (Today’s Headlines). The next.
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The new offer, earlier reported by the South China Morning Post, is pitched at $160 per share, the same level as ByteDance offered to employees in November, the people said, asking not to be named discussing a private matter.It’s at a valuation roughly 11% lower than the price ByteDance offered to investors in 2022, which would still place it among the 40 most valuable public companies in.. ByteDance, China’s most valuable unicorn and the owner of TikTok, is offering US$160 per share to current employees and anyone laid off, and US$128 to those who quit their job, according to sources.
