By Tim CulpanYou can’t get much more American than Disney. So it was quite a coup when a Chinese upstart managed to snag one of the family entertainment giant’s senior executives. Kevin Mayer was head of Walt Disney‘s streaming business before Beijing-based ByteDance tapped him to become chief executive officer of TikTok, the company’s short-video […]

Walmart said it was joining Microsoft in a bid for social media company TikTok‘s U.S. assets, revealing its plans hours after the video company’s chief executive said he would step down. CEO Kevin Mayer, a high-profile former Disney executive, is leaving three months after joining TikTok, in the middle of negotiations to sell the Chinese-owned […]

Zhang Yiming, founder of ByteDance, has said that the company is “moving quickly” to resolve issues in the US and India in a letter he sent on Thursday morning soon after Kevin Mayer announced his resignation as the CEO of TikTok. In the letter, the contents of which have been reviewed by ET, Yiming said […]

Visa has partnered with digital payments company Innoviti to launch a platform that will enable retail customers to convert their card purchases made through point-of-sale devices or QR stickers into equated monthly instalments. The platform in its first phase is being tested on a pilot basis at select electronics merchant chains. It will subsequently be […]

Facebook on Wednesday warned that privacy changes Apple Inc plans for its forthcoming iPhone operating system will “disproportionately affect” the thousands of developers using a Facebook tool to serve ads in external apps. In a blog post, Facebook said it was making several changes to its advertising business in response to Apple’s new rules, which […]

(Representative image) India’s aviation regulator has framed draft rules for allowing inflight internet connectivity in the country’s skies. The Directorate General of Civil Aviation (DGCA) draft rules say “internet service through WiFi on-board aircraft shall be available at minimum height of 3,000 metres or 10,000 feet above departure/arrival airfield elevation.” The portable electronic devices being […]

Through an internal town hall on Wednesday, social media giant Facebook’s employees in India have apparently been conveyed the message that controversies like the one surrounding the company’s policy on hate speech posts are to be expected given the social media giant’s reach and influence. Employees familiar with the matter told ET that the leadership […]

China’s Alibaba Group has put on hold plans to invest in Indian companies, two sources aware of the plans told Reuters, amid souring business relations and rising political tension between the two nations after a clash on their Himalayan border. Alibaba, which has fuelled the growth of several Indian startups, will not put in fresh […]

A group of more than 2,000 online sellers has filed an antitrust case against Amazon in India, alleging the U.S. company favours some retailers whose online discounts drive independent vendors out of business, a legal filing seen by Reuters showed. The case presents a new regulatory challenge for Amazon in India, where it has committed […]

Spooked by Netflix’s upcoming web series titled ‘Bad Boy Billionaires‘ featuring Vijay Mallya, Subrata Roy, Harshad Mehta and his nephew Nirav Modi, Mehul Choksi on Wednesday petitioned the Delhi High Court seeking directions to show him the series featuring him before release. Adjourning the matter to Friday, the High Court asked counsel for Netflix to […]