Content

Banning TikTok is unlikely to address wider concerns regarding data harvesting and trading.

While TikTok has been the focus of the bill, a closer examination of its text reveals its potential impact on other Chinese applications such as Lemon8 and CapCut.

Ultra-short episodes and wacky plots help series flourish on social media.

The former Twitter will rebuild its ad business by luring smaller companies.

The transfer of a significant number of employees from ByteDance to Pico has stirred internal strife, posing a threat to further derail the company’s progress.

Contrary to a lack of ambition, Pico’s failure is more closely tied to the pursuit of applications that didn’t align with the strengths of VR technology.

Like other Chinese VR businesses, Pico viewed Meta as the benchmark for success. Attempting to emulate the American tech giant, however, contributed to its downfall.

ByteDance invested approximately RMB 20 billion in Pico, but even that substantial amount of funding could not avert the decline of the VR business.