12 h. ago TikTok reaches new US deal; China’s answer to Nvidia’s A100: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. TikTok reaches deal on new US venture with American investor group In a landmark move that ends years of legal and political uncertainty, TikTok CEO Chew Shou Zi informed employees that the company has signed a binding agreement to divest its US entity into a joint venture controlled by a consortium of American investors. 2. Chinese team builds optical chip...

Politics

20 h. ago China's ByteDance signs deal to form joint venture in step to avoid US TikTok ban

China's ByteDance signs deal to form joint venture in step to avoid US TikTok ban  Reuters

Politics

20 h. ago China’s ByteDance signs deal to form joint venture to operate TikTok US app By Reuters

China’s ByteDance signs deal to form joint venture to operate TikTok US app By Reuters  Investing.com

Culture

22 h. ago China's ByteDance signs deal to form joint venture to operate TikTok US app

China's ByteDance signs deal to form joint venture to operate TikTok US app  Reuters

Culture

26 h. ago TikTok reaches deal to sell US assets to American investor group

In a landmark move that ends years of legal and political uncertainty, TikTok CEO Chew Shou Zi informed employees on Thursday that the company has signed a binding agreement to sell its US operations to a consortium of American investors. The deal, which has received the backing of US President Donald Trump, effectively averts a looming nationwide ban and secures the platform’s future for its 170 million American users. The new entity, a TikTok US joint venture, is set to close on January 22,...

Economics

26 h. ago TikTok reaches deal on new US venture with American investor group

In a landmark move that ends years of legal and political uncertainty, TikTok CEO Chew Shou Zi informed employees on Thursday that the company has signed a binding agreement to divest its US entity into a joint venture controlled by a consortium of American investors. The deal, which has received the backing of US President Donald Trump, effectively averts a looming nationwide ban and secures the platform’s future for its 170 million American users. The new entity, named TikTok USDS Joint...

Economics

3 w. ago China’s cruise industry makes waves as new deal creates Asia’s largest fleet

China has announced plans to consolidate the cruise operations of four central state-owned enterprises into a single entity that will reportedly operate the largest fleet in Asia, as part of a broader efficiency drive. China Tourism Group – one of the four companies – was designated as the operator of the venture at a signing ceremony hosted by China’s state-owned enterprises watchdog on Friday, according to state broadcaster CCTV. After the deal goes through, the venture will operate Asia’s...

Politics

3 w. ago China Tourism Group to chart new course in bid to dominate Asia’s cruise market

China has announced plans to consolidate the cruise operations of four central state-owned enterprises into a single entity that will reportedly operate the largest fleet in Asia, as part of a broader efficiency drive. China Tourism Group – one of the four companies – was designated as the operator of the venture at a signing ceremony hosted by China’s state-owned enterprises watchdog on Friday, according to state broadcaster CCTV. After the deal goes through, the venture will operate Asia’s...

Politics