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ByteDance Insists It Will Own Majority of TikTok Global 

By Juro Osawa
· · Source: The Information

ByteDance, TikTok’s parent company, issued a statement in Chinese emphasizing that it will own a majority stake in TikTok Global, a new U.S.-headquartered entity that will be created as a result of the Chinese company’s recent agreement with Oracle and Walmart. ByteDance’s statement, aimed primarily at the Chinese company’s domestic audience, describes the agreement very differently from how...

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How Tesla is Winning From the U.S.-China Trade War
By Juro Osawa · Oct. 19, 2020 6:02 AM PDT
How Tesla is Winning From the U.S.-China Trade War

On Nov. 1 last year, Tesla invited executives from dozens of China-based automotive parts suppliers to the carmaker’s new Shanghai factory, where its first made-in-China Model 3 sedans were about to roll out. At the event, Roshan Thomas, Tesla’s senior executive in charge of managing suppliers, gave a speech explaining that Tesla needed to continually push down the price of its ...

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Cover Wall Street for The Information!
By The Information Staff
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