Tag: $ByteDance

The US Supreme Court on Wednesday said it will hear TikTok’s appeal against a divest-or-ban law that will determine the video app’s fate in the US.

ByteDance Ltd.’s sales surged in 2023 to more than $110 billion, according to people familiar with the matter, potentially overtaking arch-foe Tencent Holdings Ltd. in a sign TikTok’s fledgling e-commerce business is driving growth at a time of economic malaise.

ByteDance is cutting hundreds of jobs in its gaming division, a person familiar with the mater told CNBC.