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ByteDance asian news

Arjun Kharpal - SoftBank swings back to gains at Vision Fund tech arm, announces up to $3.4 billion share buyback - cnbc.com - Japan - China

SoftBank swings back to gains at Vision Fund tech arm, announces up to $3.4 billion share buyback

SoftBank Group booked a 1.9 billion yen ($12.9 million) investment gain on its Vision Fund tech investment arm in the company's fiscal first quarter ended in June, swinging back into the black.

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Simone McCarthy - TikTok’s founder is now China’s richest person. But the country’s total number of billionaires has shrunk - edition.cnn.com - Canada - China - Usa - India - Britain - Australia

TikTok’s founder is now China’s richest person. But the country’s total number of billionaires has shrunk

CNN —

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Delivering a Package in a Country With 17,000 Islands - nytimes.com - China - Indonesia - Britain - Iran

Delivering a Package in a Country With 17,000 Islands

Iksan knows the roads around his hometown on the Indonesian island of Sumatra like the back of his hand. He runs a package sorting center from his garage, a small but essential piece of a sprawling network delivering goods bought on Tokopedia, the country’sbiggest homegrown e-commerce company.

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How TikTok Saved Its E-Commerce Business in Indonesia - nytimes.com - China - Usa - Indonesia

How TikTok Saved Its E-Commerce Business in Indonesia

A year ago, TikTok’s e-commerce business in Indonesia was thriving. With its viral videos, TikTok had become a worldwide phenomenon, and it was translating its influence into a powerful new revenue stream by letting users buy and sell things while its videos played.

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Lee Ying Shan - Zhong Shanshan - ByteDance founder tops China's rich list for the first time, beating Tencent and Nongfu heads - cnbc.com - China

ByteDance founder tops China's rich list for the first time, beating Tencent and Nongfu heads

ByteDance founder Zhang Yiming for the first time has emerged as China's richest person, according to a list compiled by Hurun Research Institute, leaving behind Nongfu Spring Chairperson Zhong Shanshan who has topped the rankings for three years.

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Jack Ma - Zhong Shanshan - The Conversation - New dawn for China’s tech billionaires? - asiatimes.com - China - Usa - city Shenzhen

New dawn for China’s tech billionaires?

According to the latest Bloomberg Billionaires Index, Pony Ma, co-founder of Tencent Holdings, is once again China’s richest person, now with a net worth of more than A$65 billion (US$44.3 billion), placing him 27th globally.

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TikTok just had the most important two hours of its life - edition.cnn.com - China - Usa - Washington - area District Of Columbia

TikTok just had the most important two hours of its life

CNN —

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Reuters - ByteDance taps banks for $9.5 billion Asia dollar corporate loan, Reuters reports - cnbc.com - Japan

ByteDance taps banks for $9.5 billion Asia dollar corporate loan, Reuters reports

TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility in Asia ex-Japan, two sources with knowledge of the matter said on Monday.

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Associated Press - Nepal lifts TikTok ban imposed for disrupting social harmony - scmp.com - New Zealand - China - Usa - Britain - Nepal - city Beijing

Nepal lifts TikTok ban imposed for disrupting social harmony

Nepal’s government decided on Thursday to lift the ban it imposed on the video-sharing app TikTok last November for disrupting “social harmony”.

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