Articles for tag: ByteDance, national security, , TikTok, Trump, U.S. Senate, User Privacy

Market News

Trump Suggests Keeping TikTok in the US Temporarily Amid Ongoing Discussions and Concerns Over Data Privacy Issues

President-elect Donald Trump expressed support for TikTok’s continued operation in the U.S. during a rally in Phoenix, Arizona, highlighting the app’s significant impact on his presidential campaign, which garnered billions of views. His remarks come amidst concerns over national security that have led the Senate to pass a law requiring TikTok’s Chinese parent company, ByteDance, ...

Market News

ByteDance Seeks .5 Billion Loan Amid Evolving Global Ambitions

ByteDance Seeks $9.5 Billion Loan Amid Evolving Global Ambitions

ByteDance, the Chinese company behind TikTok, is seeking a $9.5 billion loan, marking the largest dollar loan for a corporation in Asia outside of Japan. Major banks like Citigroup, Goldman Sachs, and JPMorgan are coordinating this effort, which is set for three years with an option to extend. The loan will help refinance a previous ...

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