>> is a different more for bytedance. bytedance is a very easy platform to engage with influencers.here are a lot of them out there but they can be charging 30 or 40 or 50% commissions. that is not unheard of. we go back to the big influencers on team a couple of years ago. it was about the same rights. bytedance is getting a percentage of that. they are not in much better financial shape. to pay that, again, you can put your product or service, again restaurants, dental cleanings, and for the millions of people very quickly and you have to have faith in your product to that second or third purchase. they come back to the brand directly. they will not pay that fee. it is not work for large durables which are one of the office. it works for cosmetics, athleisure and things that can be repeated again and again. we see brands doing very well. they are engaging in that model here. caroline: always great to stay up with you and for you to give us your time when it is late. to get your on the current expertise. stay well. breaking news for you, this is as the ftc is proposing changes to c

does that affect the bytedance's strategy to grow overseas?ohn: tiktok is a huge part of the company. it is the face of the company on a global stage outside of china. so the ability of the company to keep tiktok operating in the united states is extremely important. it would be even more important on that day that we do get a public listing of the entity. it would tremendously affect the overall value that bytedance would get for that listing. so in that sense -- and the influence that comes with having that app in the united states makes it very, very important. haidi: they have also tried to expand beyond social media apps. has there been much success, and we know any pathway to an ipo? john: they have tried. most recently the ended up closing down their gaming unit. that was a setback for the company. they are trying other things, ai for instance. lots of chinese companies are investing in that area. in terms of an ipo, there has been talk that potentially something in hong kong, something in the united states even. but as of yet, there is

bytedance teaming up with indonesia's go to for the tiktok shop platform next.his is bloomberg technology. ♪ fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. ed: it is time for talking tech. the former employee of apple supplier in custody of japanese police. he was arrested for stealing trade secrets. he is believed to be a chinese national. he is working with authorities but declined to provide more details. china is pushing back against remarks made by u.s. commentary secretary gina raimondo. she called for more funds to curb china's ability to make chips. the chinese foreign ministry responded sayin

if confirmed it would make it on par with spacex and $180 billion chinese shein and tiktok's bytedancet's talking with ben harbor, whose portfolio companies include airbnb, pelletier and others. glad to have you. wanted to make sure you can hear us. give us a sense. is this a sustainable valuation? we've seen a lot of high-tech companies and when we go to the public market, it doesn't quite play out that way. >> there's so much noise and ink spilled about this company and the media over the last couple of months particularly around the boardroom drama in november. i think it's tough to value it today. it's tough to understand what they have under the hood, what risks are lurking there with this cue star that led to that. that's why it's driving so much interest. i don't think it's sustainable today. >> huh much of this valuation is tied to microsoft in the use of itself iowa co-pilot. and also i want to bounce something off of you. this is a tweet from sam alt man on christmas. i'm not sure if he celebrates christmas or not. he says interesting thought experiment, at what rate should y

tiktok is of course owned by bytedance. they will have a joint venture with this indonesian company. bytedance will restart its shopping app. this is a story we will monitor for you. the president of china visiting vietnam in the first time in six years. we will discuss interest in the country. this is bloomberg. ♪ a few years ago, i came to saona, they told me there's no electricity on the island. we always thought that whatever we did here would be an emblem of what small communities can achieve. trying to give a better life to people that don't have the means to do it. si mi papá estuviera vivo, sé que él tuviera orgulloso también de vivir de esta viviendo una vida como la que estamos viviendo ahora. es electricidad aquí es salud. ♪ rishaad: this is a look at some of these chinese markets. they are both negative. part of all of this is more and more evidence of this in china. yvonne: that deflation is persisting. i think there were questions on how long we can actually stay in that in china. it might take a couple of yea

is likely to be approved as say indonesia is huge market, almost 300 million people, but for tiktok bytedanceheir attempt to diversify from just making money in social media and moving into commerce, and what they want to see a success in indonesia, southeast asia and their take this model and operated in the us as well as europe. operated in the us as well as euro e. ~ ., operated in the us as well as euroe. ~ ., ., ., europe. we have to mention co er europe. we have to mention copper 28 — europe. we have to mention copper 28 in _ europe. we have to mention copper 28 in dubai _ europe. we have to mention copper 28 in dubai now. i the global summit is due to finish tomorrow and the clock is ticking for the organisers to enable world leaders to reach a deal on the final agreement with the issue of phasing out fossil fuels a major sticking point. but whatever the deal one important part of the journey to net zero is through carbon offsetting. this is where governments and businesses offset emissions by investing into projects that reduce carbon, which could be things like this carbon capturing

bytedance sales researched this year to more than 110 billion dollars overtaking competitive tencent.out the state of tiktok's e-commerce business. how hot or not the private equity market

former president trump who started down the line of wanting an acquisition of the american portions of bytedance, the parent company of tiktok, and move that to the u.s. he fumbled how it was done, left office with it unresolved. the biden administration picked it up and in the past three years has not declared what they are going to go do about it. so it is a little mystifying to me why that is the case. the tiktok issues have been pretty subtle so far. we have not seen overt except that you are beginning to see a preponderance of the videos that deal with gaza and the palestinians to be pretty one-sided. the question is, is that matter of manipulation or just what people are posting. >> you are raising a fascinating point. sounds like the subject of a new article on the biden administration and tiktok. david sanger, thanks so much as always. be well. >> great to be with you. >>> the president of harvard university facing mounting allegations of plagiarism. why she's cocorrecting more ofor publblished workrk. >>> quick hits across america now. harvard president claudine gay is requesting three

worked contagion research institute finds the app, which of course is owned by chinese parent company bytedancemotes content on the basis of whether it is aligned with were opposed to the interest of the chinese government. experts say content on china's version of tiktok is vastly different from content on the u.s. app. >> if you look at the content here, it is essentially things promoting people just wasting their time more or less. but then you have the very subversive element you are talking about where the chinese communist party is literally using this app to push propaganda on impressionable young americans. speak with "the wall street journal" ran a test creating several automated accounts registered as 13-year-old users within hours, tiktok serving up what the journal calls highly polarized content, much of it anti-israel. tiktok says this experiment was designed by "the wall street journal" to produce a predetermined result to advance a poll's narrative and in no way reflects the behaviors or experiences of real teens on tiktok. impotently tiktok is to be a ban federal government devi

and then there is tiktok parent, bytedance, and continues to be the world's most valuable startup. it might be interesting to think of it as two buckets emerging. the chinese old guard and the chinese new guard. no longer are nvestors as excited about that so-called bat group, china's answer. all eyes have shifted to this new class of chinese tech giants, and what they might do in 2024 and key here, what kind of impact they might have on our own american tech landscape? the old guard on your left, it was mostly contained to china or at least the region. the new players, they are challenging our own tech giants either here or on home court back in china. there's temu and shein, versus amazon, and tiktok and social media platforms. i also mention the other chinese evs versus tesla. three out of four, they are uninvestable for the ordinary investor. if you are holding an etf, you wouldn't have seen any of the value creation from the new big four. shein could set the tone. it could either see the others, try to go public, or encourage them to stay private for longer, depending on how i

the app owned by chain camera-based bytedance has been under intense scrutiny over years as they faceation they share information on their 150 million users with beijing as well as the impact on the mental health of younger users. tiktok for its part has said it does not share user data with the communist party government and did not respond today to our request for information. no other state has implemented such a ban. you can see on this map here the ones asking for a ban on government devices. of course, president biden has tried to shut tiktok down in the u.s. saying owners sell their stakes or face a possible ban. federal efforts going nowhere so far. >> dana: thanks for keeping an eye on that for us. over to you, bill. >> bill: thank you, dana. ron desantis, gavin newsom went at it last night on just about everything that sean hannity gave them. immigration is one of them. florida governor slamming newsom for promoting open borders. the governor hitting back saying saying -- it led to a few personal shots here and there. >> this is a guy that says the biden administration is no

that we should ask all of the investors, t what's clear is china pulls the strings when it comes to bytedancehe algorithms, and if you look at the data, what's come out, many researchers have shown, and have been briefed on this recently, the nuer, the ratios, right, and theopics that are covered are very clearly controlled. the algorithms are clearly controlled. and i believe they're being controlled by the ccp. there are decisions being made, and affects public opinion. and the fact that russia, china, and iran are all working together. we see this, of course, affecting ukraine as well. right? these acts of evil are working together against american interests all around the world and against our allies' interests around the world, and the power of this disinformation can't be understated, something mike gallagher and i have been working on quite a bit together, and we have to take aggressive action. tiktok in the united states should be sold or ut down. i don't think there's any question about that. >> i don't remember the exact das for funding the government, but i think it looks more like

it comes as competitions with rivals like tdd and bytedance and others starts to heat up.er to you. >> and not sending it very far. >> no i'm actually going to come and see you during a commercial break. becky was there earlier this week. i didn't get a chance to see her in person. i'll walk right over that way, maybe 75 yards, like half sand wedge. >> do you deliver? >> i can deliver. >> chicken wings or something or -- >> i'll tell you what, i think wednesdays in our cafeteria here is chicken wing day. >> is it open? >> it opens at 6:30 a.m. i'll find chicken wings and bring them on set for you over there. >> we're in kind of the calm before the storm, sports-wise, aren't we? looking, it is like -- this is like xavier plays, but it is coming, isn't it? it is coming. >> the whole thing. there is so much going on in college -- >> so many bowls, the toilet bowl, the -- there is a bowl for everything. there must be 40 bowls. >> there are. >> where rutgers is going. >> exactly. >> at yankee stadium. >> that's going to be a fun one too. listen, there is a chance for a lot of s

of course owned by china-based parent company bytedance.ter. good morning to you. >> good morning. >> where is this all going? we always say this is a chinese-owned company and yet a majority of the company technically is owned by american investors or not really? >> that's kind of what the company says, but a lot of -- i think what people are looking at is where the company was founded and where its engineers are. >> economically there's a lot of american investors, general click's involved. >> that's very fair to say. >> so where do you think this case impose atgoes at this poin? >> the montana attorney general says he's going to stick with this case. they want to see where it plays out. this ban was supposed to go into effect january 1st, and now it's not. and a lot of had wwhat the judgd really is great in tiktok's favor. he said this steps on first amendment rights of users. it's stepping into foreign affairs in a place where a state shouldn't have power, and all of that, you know, makes it seem very unlikely that tiktok is going to ge

bytedance, jd, other high flyers across the world of venture capital that became massive tech firms.last couple years post a large issue and now you have chase coleman, a tiger cub, ahead of the firm, really looking to turn that ship around. caroline: it's ironic. basically boom companies like tiger global are becoming these crossover investors coming in writing enormous checks. they then did elevate valuations. that came crashing down when rates started to go up. what does chase coleman coming back to helm the vcr mean for investors? sonali: it's a big issue over the last couple years. remember, this went from $100 billion to $50 billion, this firm. scott schleifer was a senior executive at tiger global leading the charge in many ways. you even had chase coleman say scott really helped. matter we should also say that tiger global has not where the venture investors land control of that. paul: from the reporting, it looks to me like tiger did the absolute right things structuring the business. they kept their venture business that has long-term sticky capital separate from their hedg