NEWS WRAP: TikTok strikes deal to spin off U.S. business, ending standoff
The popular short video app owned by ByteDance has signed an agreement to sell its U.S. business to a U.S.-led group including software giant Oracle By Lee Shih Ta…
Kingdee transition still ongoing as cloud unit casts shadow on profits
China’s biggest corporate software maker is scaling back its enterprise resource planning (ERP) business, but costs for its newer cloud unit are still nearly one-third of revenue Key Takeaways: Kingdee’s…
TikTok-ing Off High Valuation, ByteDance Offers to Buy Out Early Investors
The TikTok parent will buy back up to $3 billion of its own shares at a valuation of about $300 billion, even as China’s second largest internet company also faces…
