Triller prepared to buy TikTok without algorithm - Business Insider

US video-sharing app Triller believes China's new export rules strengthen its $20 billion bid to acquire TikTok's US business from Chinese parent ByteDance.

The person also said that the CEO of TikTok's parent company ByteDance, Zhang Yiming, had held discussions with Triller executives, but this was denied by a ByteDance spokesperson. ByteDance's negotiations with prospective buyers including Microsoft and Oracle appear to have hit pause as a result. "Triller is the only bidder with a short-form video app already up and running," one source told Business Insider. "That means ByteDance can keep a hold of TikTok's algorithm, avoid China's new export rules, and Triller can just layer the brand over its own tech."

What is China's cut after TikTok is sold?

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New Tesla video shows Model 3 cars being made inside its China factory - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Love TESLA !!!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why enterprise tech giants like Microsoft and Oracle want in on the TikTok sale - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. i am still hoping we just ban it we will make our own A TikTok Ban Is Overdue Critics say we shouldn’t abandon the ideal of an open internet. But there is such a thing as being a sucker.
Source: BusinessInsider - 🏆 729. / 51 Read more »