An employee of Chinese internet giant Tencent has been held by Chinese authorities for an investigation related to a corruption case, the Wall Street Journal reported. The employee, named Zhang Feng, allegedly turned over Tencent’s data collected by the company’s hugely popular WeChat messaging app—known as Weixin in China—to one of the country’s former top law-enforcement officials who now is...
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TikTok CEO Goes to Washington With a Disparate Band of Allies
TikTok is one of the most popular entertainment services in the U.S., used monthly by nearly half of the population. Yet as the app battles for its life, it has remarkably few allies to provide support. Even those that directly benefit from TikTok, such as music labels and creators, have mixed feelings about TikTok, largely because they say it doesn’t pay its partners enough. That’s...
Virgin Orbit Nears $200 Million Funding Deal
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