People familiar with TikTok’s operations told the Financial Times that the company’s future rests on how Shou performs in front of the House energy and commerce committee on March 23.

In 2023, TikTok Shop generated $1.1bn in gross merchandise revenue in the US, the total value of goods sold on its platform, according to internal TikTok financial statistics seen by the Financial ...

TikTok has slashed its worldwide revenue targets for 2022 by at least $2bn as the fast-growing platform struggles to meet ambitious goals, becoming the latest tech giant to be hit by a global ...

TikTok undercuts social media rivals with cheap ads in battle for growth. ... The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.

More than two dozen current and former employees told the Financial Times that TikTok has only become more deeply interwoven with ByteDance as tensions over the app’s ownership escalated.

TikTok told the Financial Times it was considering several candidates, including Singh. Hawkins, who could not be immediately reached for comment, is a former Adobe executive and has been with ...

Mr Trump said on Friday that he was considering “a couple of options” to address TikTok, including a ban. The Financial Times reported this month that the White House had considered placing ...

Marc Filippino Good morning from the Financial Times. Today is Friday, March 24th, and this is your FT News Briefing. TikTok’s CEO got clobbered by US lawmakers at a congressional hearing ...

ByteDance, the Chinese owner of viral social media platform TikTok, has admitted it inappropriately obtained the data of users, including a Financial Times journalist, in order to analyse their ...

TikTok increased its European turnover nearly six-fold in 2021 to $990mn but posted an $896mn loss, up by a third compared to 2020, driven largely by hiring more than 3,000 staff.

Meanwhile, TikTok has faced scrutiny over its shopping feature in the UK, after a Financial Times investigation revealed an exodus of staff from its ecommerce department in London, who complained ...

ByteDance raked in a record underlying profit last year, overtaking China’s long-reigning tech giants Tencent and Alibaba for the first time even as losses mounted for its fast-growing TikTok ...