https://www.scmp.com/rss/522748/feed The latest news and top stories on Shou Zi Chew, Chief Executive Officer of TikTok. He previously worked as Chief Financial Officer for ByteDance and Xiaomi, where he played a pivotal role in Xiaomi’s successful IPO. His career also includes investment banking at Goldman Sachs and venture capital at DST Global, where he was an early investor in ByteDance. As TikTok’s leader, he oversees global operations, growth and addresses significant regulatory and data privacy challenges, demonstrating... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Coco Feng Coco Feng Billionaire Elon Musk seems to have embraced TikTok, the world’s most popular short video site, more than two years after he said he stopped using the platform, as he felt its artificial intelligence algorithm was “probing” his mind. A verified @elonmusk handle recently posted a video on the site run by China’s ByteDance, signalling a truce – or perhaps a strategic surrender – to the platform’s massive global reach. The account features the same profile picture as Musk’s account on X, the social... https://www.scmp.com/tech/tech-trends/article/3350003/probing-minds-verified-account-how-elon-musks-stance-tiktok-shifted?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3350003/probing-minds-verified-account-how-elon-musks-stance-tiktok-shifted?utm_source=rss_feed Wed, 15 Apr 2026 13:00:09 +0000 Bochen Han Bochen Han TikTok and its Chinese parent ByteDance announced on Thursday the official creation of a new US venture – TikTok USDS Joint Venture – to operate the short video app used by 200 million Americans. The deal, the culmination of years of legal and political uncertainty, is part of the effort to comply with a 2024 US law that aimed to push ByteDance to divest TikTok to address national security concerns over the app’s links to Beijing. Without a divestment, the app would have faced a nationwide... https://www.scmp.com/news/china/article/3341074/who-are-owners-new-tiktok-us-entity?utm_source=rss_feed https://www.scmp.com/news/china/article/3341074/who-are-owners-new-tiktok-us-entity?utm_source=rss_feed Fri, 23 Jan 2026 22:02:59 +0000 Coco Feng Coco Feng TikTok has officially launched a US joint venture tasked with “safeguarding the American content ecosystem”, with commercial activities such as e-commerce, advertising and marketing remaining under the company’s existing US entities. The arrangement has been widely compared with Apple’s 2018 move to transfer mainland Chinese iCloud user data to Guizhou-Cloud Big Data (GCBD), according to Chinese media. GCBD is a project owned by the Guizhou provincial government-backed company AIPO Cloud... https://www.scmp.com/tech/policy/article/3340996/tiktok-us-joint-venture-seen-resembling-apples-china-icloud-deal?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3340996/tiktok-us-joint-venture-seen-resembling-apples-china-icloud-deal?utm_source=rss_feed Fri, 23 Jan 2026 14:00:09 +0000 Bochen Han Bochen Han TikTok and its Chinese owner ByteDance have officially established a venture to transfer parts of its US business to a consortium of mostly US investors, effectively securing the platform’s future for its 170 million American users. The company made the announcement on Thursday, hours ahead of a Friday shutdown deadline. The deal – first outlined by TikTok chief executive Chew Shou Zi in an internal memo last month – was set to close this week, though it had not previously received the formal... https://www.scmp.com/news/china/article/3340918/tiktok-confirms-deal-create-new-us-venture-averting-shutdown-few-hours?utm_source=rss_feed https://www.scmp.com/news/china/article/3340918/tiktok-confirms-deal-create-new-us-venture-averting-shutdown-few-hours?utm_source=rss_feed Fri, 23 Jan 2026 01:55:36 +0000 Zhou Xin,Coco Feng Zhou Xin,Coco Feng China’s ByteDance, owner of TikTok, has seen its valuation surge to US$500 billion on the private market as it advances a survival plan in the US, up sharply from US$400 billion earlier this year, according to two sources. With the deadline for a sell-or-ban law looming, TikTok CEO Chew Shou Zi informed employees last week that the company had signed a binding agreement to divest its US entity into a joint venture controlled by American investors. “Investors are happy about the deal’s terms as... https://www.scmp.com/tech/big-tech/article/3337343/tiktok-owner-bytedances-valuation-hits-us500-billion-us-survival-plan-advances?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3337343/tiktok-owner-bytedances-valuation-hits-us500-billion-us-survival-plan-advances?utm_source=rss_feed Mon, 22 Dec 2025 13:00:13 +0000 Wency Chen Wency Chen Beijing-based ByteDance has raised pay and sweetened incentives as the TikTok owner steps up efforts to retain and attract talent globally, as it makes progress on settling the future of its US business. In an internal letter released to all staff on Friday and seen by the Post, the social media giant said it would lift both the upper and lower limits of compensation packages for staff across all ranks. For its full-year 2025 performance cycle – with reviews starting on January 15, 2026 –... https://www.scmp.com/tech/article/3337174/bytedance-raises-pay-boosts-bonuses-retain-staff-amid-ai-talent-war?utm_source=rss_feed https://www.scmp.com/tech/article/3337174/bytedance-raises-pay-boosts-bonuses-retain-staff-amid-ai-talent-war?utm_source=rss_feed Sat, 20 Dec 2025 08:41:45 +0000 Zhao Ziwen,Sylvie Zhuang Zhao Ziwen,Sylvie Zhuang TikTok may have dodged a US ban but unresolved questions about its algorithm could remain a source of tension in the broader US-China relationship, according to analysts. ByteDance, the parent company of the social media site, signed a binding agreement this week to divest its US entity into a joint venture controlled by a consortium of American investors, ending years of legal and political uncertainties. TikTok CEO Shou Zi Chew said in an internal memo on Thursday that the deal effectively... https://www.scmp.com/news/china/diplomacy/article/3337118/tiktok-seals-us-deal-core-algorithm-could-still-rattle-ties-china?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3337118/tiktok-seals-us-deal-core-algorithm-could-still-rattle-ties-china?utm_source=rss_feed Fri, 19 Dec 2025 14:00:18 +0000 SCMP SCMP Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. TikTok reaches deal on new US venture with American investor group In a landmark move that ends years of legal and political uncertainty, TikTok CEO Chew Shou Zi informed employees that the company has signed a binding agreement to divest its US entity into a joint venture controlled by a consortium of American investors. 2. Chinese team builds optical chip... https://www.scmp.com/news/china/article/3337106/tiktok-reaches-new-us-deal-chinas-answer-nvidias-a100-scmp-daily-highlights?utm_source=rss_feed https://www.scmp.com/news/china/article/3337106/tiktok-reaches-new-us-deal-chinas-answer-nvidias-a100-scmp-daily-highlights?utm_source=rss_feed Fri, 19 Dec 2025 13:15:08 +0000 Khushboo Razdan,Bochen Han Khushboo Razdan,Bochen Han In a landmark move that ends years of legal and political uncertainty, TikTok CEO Chew Shou Zi informed employees on Thursday that the company has signed a binding agreement to divest its US entity into a joint venture controlled by a consortium of American investors. The deal, which has received the backing of US President Donald Trump, effectively averts a looming nationwide ban and secures the platform’s future for its 170 million American users. The new entity, named TikTok USDS Joint... https://www.scmp.com/news/us/economy-trade-business/article/3336980/tiktok-reaches-deal-sell-us-assets-american-investor-group?utm_source=rss_feed https://www.scmp.com/news/us/economy-trade-business/article/3336980/tiktok-reaches-deal-sell-us-assets-american-investor-group?utm_source=rss_feed Thu, 18 Dec 2025 23:26:54 +0000 Reuters Reuters TikTok said Tuesday it had named former Boeing government affairs chief Ziad Ojakli as the short video app’s head of public policy for the Americas as it works to complete a deal to separate its US assets from its parent company. The move comes as TikTok’s Chinese owner ByteDance is working to sell about an 80 per cent stake in its US assets to a consortium of US and global investors to meet the national security requirements set out in a 2024 law. President Donald Trump signed an executive... https://www.scmp.com/tech/policy/article/3334164/tiktok-names-former-boeing-executive-us-public-policy-chief?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3334164/tiktok-names-former-boeing-executive-us-public-policy-chief?utm_source=rss_feed Wed, 26 Nov 2025 03:20:09 +0000 Coco Feng Coco Feng Beijing-based ByteDance launched the international version of its short video app in 2017. TikTok soon became a global hit thanks to its advanced algorithm. This success, however, drew the attention of the US government and others, which raised concerns about data privacy and national security. After a rocky few years, TikTok seems ready to secure a permanent foothold in the US market via a deal that would see American investors control the US operations. The following timeline plots TikTok’s... https://www.scmp.com/business/article/3327039/tiktoks-tumultuous-journey-global-sensation-geopolitical-bargaining-chip?utm_source=rss_feed https://www.scmp.com/business/article/3327039/tiktoks-tumultuous-journey-global-sensation-geopolitical-bargaining-chip?utm_source=rss_feed Fri, 26 Sep 2025 12:00:15 +0000 Igor Patrick Igor Patrick Brazilian President Luiz Inacio Lula da Silva used the UN rostrum on Tuesday to excoriate Washington over tariffs and military actions, promote closer ties with China, and call for reform of global institutions – only to be met moments later by an unexpected olive branch from US President Donald Trump, who proposed meeting him next week. Lula’s address came against the backdrop of sharp tensions with the United States, including 50 per cent tariffs on imports from Brazil, which Trump has imposed... https://www.scmp.com/news/china/article/3326600/lula-rebukes-washington-un-yet-finds-surprise-us-opening?utm_source=rss_feed https://www.scmp.com/news/china/article/3326600/lula-rebukes-washington-un-yet-finds-surprise-us-opening?utm_source=rss_feed Tue, 23 Sep 2025 19:30:36 +0000 Igor Patrick Igor Patrick Brazilian President Luiz Inacio Lula da Silva opened his week at the United Nations on Monday by meeting with TikTok chief executive Shou Zi Chew to discuss plans for a multibillion-dollar data centre investment in Brazil, even as political controversies persist over regulation of the Chinese-owned platform. The meeting, held at Brazil’s mission to the UN, was Lula’s first working engagement in New York, highlighting the importance of technology and digital policy in his international... https://www.scmp.com/news/china/article/3326450/lula-meets-tiktok-chief-push-10-billion-brazil-data-centre-amid-regulatory-tensions?utm_source=rss_feed https://www.scmp.com/news/china/article/3326450/lula-meets-tiktok-chief-push-10-billion-brazil-data-centre-amid-regulatory-tensions?utm_source=rss_feed Mon, 22 Sep 2025 21:43:28 +0000 Reuters Reuters Malaysian authorities have summoned TikTok’s top management over the social media company’s alleged delays in tackling fake news on its platform, state news agency Bernama reported on Tuesday, citing Malaysia’s communications minister. Minister Fahmi Fadzil said TikTok, owned by China’s ByteDance, had been too slow in responding to requests for help in police investigations, prompting him to ask the firm’s chief executive for help, Bernama reported. Fahmi cited a recent case where a man had... https://www.scmp.com/news/asia/southeast-asia/article/3324075/malaysia-summons-tiktok-meta-over-slow-response-fake-news-immoral-content?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3324075/malaysia-summons-tiktok-meta-over-slow-response-fake-news-immoral-content?utm_source=rss_feed Tue, 02 Sep 2025 10:56:33 +0000 Ann Cao Ann Cao Chinese tech giants from ByteDance and Huawei Technologies to Alibaba Group Holding are playing an increasingly important role in Dubai’s burgeoning tech industry, as the emirate seeks to diversify its economy beyond its historical reliance on oil. Central to that transformation is the Dubai Internet City (DIC) – a tech park near the upscale neighbourhood of Palm Jumeirah, a palm tree-shaped archipelago – which hosts global Big Tech companies including Microsoft, Google and Amazon.com, along... https://www.scmp.com/tech/big-tech/article/3318819/tiktok-huawei-chinese-tech-giants-flock-arab-tech-hub-dubai?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3318819/tiktok-huawei-chinese-tech-giants-flock-arab-tech-hub-dubai?utm_source=rss_feed Sun, 20 Jul 2025 00:30:08 +0000