trending Market Intelligence /marketintelligence/en/news-insights/trending/iNV61tnogtLhqpbq9fXC9w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

ByteDance denies rumored plans to sell TikTok stake

COVID 19: Assessing the credit risk impact on SMEs

The Worst Is Yet To Come: Ad Agencies Expect Q2 Revenues Below '09

2020 TMT Ecosystem: Effects of COVID-19

S&P Global Market Intelligence Goes ‘All-In’ On Mobile


ByteDance denies rumored plans to sell TikTok stake

Beijing Byte Dance Telecommunications Co. Ltd. does not intend to sell its TikTok app, Reuters reported, citing a statement by TikTok CEO Alex Zhu in an internal note.

The emergence of the note comes after Bloomberg News reported that ByteDance CEO Yiming Zhang is looking into a range of options for the video unit to address concerns it faces in the U.S. Recommendations from advisers include an aggressive legal defense or a sale of a majority stake in TikTok, Bloomberg reported, citing sources.

A sale of more than half of the business could equate to more than $10 billion, one of the sources told Bloomberg.

In the internal note, Zhu called the report "inaccurate" and said the company "had no discussions with potential buyers of TikTok."

TikTok is facing scrutiny from a number of U.S. lawmakers over security and privacy.