Didi Global is preparing to relaunch its apps in anticipation of the end of a government cybersecurity review that hobbled the company shortly after it listed shares in New York this summer, Reuters said. In addition, the company has set aside $1.6 billion for a potential fine, the report said. Didi called the Reuters report “pure hearsay with no grounds in fact.” In July, China’s...
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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...
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