Why Elon Musk is not the answer to US concerns over TikTok

The idea of Elon Musk as a potential buyer for TikTok may seem like the craziest development yet in the saga of the US government’s determination to ban the app. But it’s not as out-of-left-field as it sounds, and would carry its own potential harms.The world’s wealthiest man has long said he hopes to create … Read more

ByteDance valued at $250 billion in private trades

Shares of ByteDance Ltd., the Chinese parent of hit video app TikTok, are trading at a valuation of more than $250 billion in the secondary market, according to people familiar with the matter. The Beijing-based company’s value has surged in recent weeks as investors gain confidence in the business and founder Zhang Yiming weighs options … Read more