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ai policy

Zhang Yiming Said to Be Reconsidering Sale of TikTok to U.S. Buyer

By
Shai Oster
· · Source: Bloomberg

ByteDance founder Zhang Yiming is reconsidering his options to sell TikTok to a U.S. buyer after Beijing issued new trade regulations that could complicate the transfer of ByteDance technology overseas. ByteDance is weighing competing bids from groups led by Microsoft and Oracle with a decision expected any day. But Beijing’s late-breaking additions to its list of restricted exports to include...

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Mixed hydroxide precipitate, the go-to feedstock for battery nickel sulfate, on a conveyor belt at Indonesia's Harita Group, which pioneered the process. Photo: Dimas Ardian/Bloomberg
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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