![]() 20 - Trump says he has blessed Oracle’s deal with TikTok, with Walmart taking a 7.5% stake in TikTok Global. 18 - Trump administration says it will ban WeChat and TikTok from U.S. IPO of TikTok Global, a new company that will operate the video app, should its deal with Oracle get cleared by the U.S. 17 - ByteDance says China will have to approve its proposed deal with Oracle for its TikTok app. 14 - ByteDance picks Oracle over Microsoft as its partner in a bid to keep TikTok operating in the United States. 27 - Walmart says it is joining Microsoft in a bid for TikTok’s U.S. administration over Trump’s executive order banning transactions with the app.Īug. 20 - TikTok removes 380,000 videos in the U.S. 18 - Oracle joins some ByteDance investors in pursuing a bid for TikTok’s operations in North America, Australia and New Zealand, sources say.Īug. 14 - Trump orders ByteDance to divest its interest in TikTok’s U.S. 12 - ByteDance says is in talks with India’s Reliance for an investment in TikTok.Īug. 8 - Sources say Twitter held preliminary negotiations about an acquisition of TikTok’s U.S. 2 - Microsoft announces it is exploring a purchase of TikTok’s U.S., Canadian, Australian and New Zealand services.Īug. He then issues executive order banning transactions with TikTok and ByteDance, starting in 45 days.Īug. July 31 - Trump says he plans to ban TikTok in the United States within 24 hours. July 29 - Japan’s ruling party urges government to take steps to limit TikTok use, concerned that user data may end up in Chinese government hands, public broadcaster NHK reports. Days later Australia says it has found no evidence to show it should restrict TikTok. July 20 - Australia scrutinises TikTok for risks of potential foreign interference, sources say. President, suggests a TikTok ban to punish China for the COVID-19 pandemic. June 29 - India bans TikTok and many other Chinese apps over security concerns after a deadly border conflict with China. June 10 - EU regulators begin to scrutinize TikTok’s practices after the Netherlands opened investigation into its policies to protect children’s data. May 18 - TikTok appoints ex-Walt Disney streaming chief Kevin Mayer as CEO. 2020Īpril 29 - TikTok hits 2 billion downloads globally. begins review of TikTok’s Musical.ly buy. fines it over Musical.ly’s illegal collection of personal information from minors.Īpril 3 - A state court in India asks the federal government to ban TikTok, which it says encourages pornography. TikTok surpasses 1 billion downloads globally. TikTok was initially popular in Asia and Musical.ly in the Americas and Europe. 2018 - ByteDance integrates Musical.ly into TikTok. July 2018 - Indonesia bans TikTok for inappropriate content, lifting the ban a week later after it agrees to remove all “negative content” and open an office in the country.Īug. video app Flipgram and lip-syncing app Musical.ly. ![]() ![]() ![]() This is a timeline of key events in the emergence of ByteDance and TikTok.Ģ012 - Zhang Yiming founds ByteDance in Beijing.Ģ016 - Launches Douyin, the Chinese version of TikTok.Ģ017 - ByteDance launches TikTok. Zhang, 38, turned ByteDance into a social media powerhouse which has also had many brushes with global regulators. Other players include JD.com's JD Pay, Baidu Wallet, and Meituan Pay.ĭoes WhatsApp's new privacy policy spell the end for your privacy? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.FILE PHOTO: Zhang Yiming, founder and global CEO of ByteDance, poses in Palo Alto, California, U.S., March 4, 2020. It provides a glimpse of what TikTok could eventually become, as Douyin started selling merchandise in 2017 and now operates a growing e-commerce operation where hundreds of millions of users shop on a daily basis.īyteDance's expansion comes as China's financial regulators are tightening oversight over financial technology firms, particularly companies such as Ant Group.Ĭhina's third-party payment sector is dominated by Alipay and WeChat Pay, with the former taking 55.39 percent of the total market in the second quarter of last year, according to market researcher Analysys. Global App Spending on Christmas Grew 35 Percent in 2020: Sensor Towerĭouyin is the main revenue generator for ByteDance. ![]()
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