Illustration/Dado Ruvic
Four sources said that if Chinese byte beating uses all legal means to prevent the United States from prohibiting the legislation of TIKTOK from being launched in the country's application store, then bytes would rather close Tiktok and do not want to sell it.
Sources closely related to byte beating said that the algorithm relied on Tiktok's operations is considered the core of the overall operation of byte operation, so the possibility of selling the application with algorithms is very small.
They said that TIKTOK only accounted for a small share in the total revenue and daily active users (DAU) of the byte.Potential American buyers.
Sources said that TIKTOK has a limited impact on the business of byte beating, and that the company does not have to give up its core algorithm.The sources refused to disclose their names because they had no authority to speak to the media.
Byte beating refuses to comment.
On Thursday, the byte beating issued a statement today on its media platform saying that the company did not sell Tiktok's plan.The statement aims to respond to a report of The Information, which reports that bytes are exploring a solution to sell TIKTOK US business without the piping video recommendation algorithm.
Reuters requesting byte beating comment, a female spokesman mentioned the statement issued by the company today.
Zhou's CEO Zhou, CEO Zhou, said on Wednesday that the company is expected to win in a legal challenge aimed at preventing the legislation signed by US President Biden.This legislation gives the byte for up to 12 months to strip Tiktok's assets in the United States, otherwise this application of 170 million U.S. users will be banned in the United States.
Byte beating disclose its financial performance or the financial details of any department.Other sources say that most of the company's revenue is still from China, mainly other applications such as Douyin.
Another directly known person said that the United States accounted for about 25%of Tiktok's total revenue last year.
Two of the four sources said that the revenue of byte beating in 2023 will increase from US $ 80 billion in 2022 to nearly $ 120 billion.One of them said that DAU of Tiktok in the United States only accounts for about 5%of the global DAU.
** will not sell algorithms **
Three sources said that TIKTOK shared the same core algorithm with the domestic application (such as Douyin).One of them said that Tiktok's algorithm is considered to be better than the competitors of byte beating, such as Tencent and Xiaohongshu.
The source said that it would be impossible to peel off Tiktok and its algorithms. The intellectual property license of the application was registered under the byte beating name in China, so it is difficult to split from the parent company.
Four sources also said that byte beating will not agree to one of its most valuable assets, "Secret Source", sold to competitors, they refer to the Tiktok algorithm.
A spokesman for the Ministry of Commerce Shu Shuting Ting Ting on March 23, 2023 said at a press conference that "China will resolutely oppose" (forced the sale of Tiktok).
She also said, "Selling or stripping Tiktok involves technical export issues, and must perform administrative license procedures in accordance with Chinese laws and regulations. The Chinese government will make decisions in accordance with the law."
Two of them said that in addition to algorithms, Tiktok's main assets include user data, as well as product operation and management.
