Recent events
Recent events tied to this brand in public sources.
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2020
ByteDance clarifies reports about TikTok's proposed U.S. cooperation
ByteDance issued a clarification addressing rumors about the proposed TikTok cooperation, including claims that ByteDance would lose control of TikTok Global and that Oracle might take possession of TikTok's source code. ByteDance said TikTok Global was wholly owned by ByteDance and that the proposal involved no transfer of algorithms or technology.
2020
TikTok rejects Microsoft's offer to acquire its U.S. business
TikTok rejected Microsoft's offer to acquire its U.S. business. Microsoft said it had been notified by ByteDance that TikTok's U.S. business would not be sold to Microsoft.
2020
ByteDance initiates legal action challenging U.S. executive order targeting TikTok
ByteDance initiated legal proceedings against the Trump administration, challenging the executive order prohibiting transactions with TikTok and ByteDance.
2020
ByteDance confirms legal action against the Trump administration
ByteDance confirmed that it would pursue litigation against the U.S. government, saying it sought to protect the company’s and users’ rights. The source describes the action as confirmed but also says ByteDance would sue, so it does not establish a filing date.
2020
TikTok prepares lawsuit over US executive order
TikTok was reported to be preparing to sue the US government over the executive order restricting transactions with TikTok and its Chinese parent ByteDance. The suit was expected to be filed as early as the following Monday; the source does not establish that it had been filed.
2020
ByteDance completed its acquisition of Youpai
ByteDance completed its acquisition of Youpai, a company whose product is a live online mathematical-thinking course for children aged 3 to 12.
2020
ByteDance to acquire education product Nipaiyi
ByteDance announced that it would acquire the early education product Nipaiyi. The transaction amount was not disclosed, and Nipaiyi was to continue operating independently as a separate brand.
2020
Oracle joins bidding for TikTok’s business in four countries
Oracle reportedly joined the bidding for TikTok and held preliminary talks with ByteDance, while seriously considering acquiring TikTok’s business in the United States, Canada, Australia and New Zealand.
2020
US executive order requires ByteDance to divest TikTok-related US assets
An executive order signed by President Donald Trump prohibited ByteDance’s acquisition of Musical.ly and required ByteDance to sell assets enabling TikTok to operate in the United States within 90 days. The order also required destruction of US user data obtained from TikTok or Musical.ly.
2020
US executive order to prohibit transactions involving TikTok and WeChat
President Donald Trump signed an executive order stating that, after 45 days, transactions by any US person or entity with TikTok, WeChat, or their Chinese parent company would be prohibited. The article reports the order as a future restriction, not as a ban already in effect.
2020
Microsoft resumes talks to acquire TikTok’s North American business
Microsoft said it would resume discussions with ByteDance about acquiring TikTok’s North American business. The article says Microsoft planned to acquire TikTok’s businesses in the United States, Canada, Australia and New Zealand, but could not guarantee that the acquisition would be completed.
2020
Investors make offer for majority stake in TikTok
ByteDance reportedly received offers from investors including Sequoia Capital and General Atlantic to acquire a majority stake in TikTok, valuing TikTok at about $50 billion.
2020
Triller sues TikTok over alleged patent infringement
Triller filed a lawsuit against TikTok in the U.S. District Court for the Western District of Texas, alleging that TikTok's video feature infringed Triller's patent. Triller sought an injunction and damages; the amount sought was not specified.
2020
TikTok announces $200 million U.S. creator fund
TikTok announced a $200 million fund aimed at helping top creators in the U.S. supplement their earnings; ByteDance said it plans to increase the fund over time.
2020
Chinese Online and ByteDance sign cooperation agreement
Chinese Online and ByteDance signed a framework cooperation agreement covering audio-work licensing, joint development of a host ecosystem, co-building audio content, and digital copyright licensing for use on platforms including Tomato Novel.
2020
ByteDance launches Volcano Engine enterprise technology service platform
ByteDance's Volcano Engine enterprise technology service platform went online, offering enterprise technology products and solutions.
2020
ByteDance announces discontinuation of Vigo apps in India
ByteDance announced that it would discontinue Vigo Video and Vigo Lite in India after October 31, 2020, and urged users to move to TikTok. It said users would be allowed to transfer their videos and remaining diamonds to TikTok.
2020
ByteDance completes acquisition of Baike Mingyi
A report said ByteDance completed its acquisition of Baike Mingyi; a corporate registration change on May 15 showed changes to the associated company’s legal representative, chairman, and management.
2020
ByteDance sues Kuaishou over alleged trademark use
ByteDance said it sued Kuaishou, alleging that Kuaishou used brands including Toutiao to direct users to its products through app-store promotions and download links. The article reports that the case was filed by the Haidian Court on March 6 and that evidence exchange had been completed.
2020
ByteDance launched the Dianziqian online contract-signing platform
ByteDance launched Dianziqian, an online contract-signing platform for services including the online signing of lease contracts, cooperation agreements, procurement contracts and labor contracts.