Walmart


ByteDance $92m privacy settlement with US TikTok users

ByteDance $92m privacy settlement with US TikTok users

(ATF) ByteDance has agreed to a $92 million class-action settlement to settle data privacy claims from some US TikTok users, according to documents filed late last week in the US District Court in Illinois.ByteDance, the Chinese company that owns the short-video app that has more than 100 million users in …

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India's e-commerce chaos sparks calls for rewrite of regulations

India's e-commerce chaos sparks calls for rewrite of regulations

(ATF) Experts have called for a comprehensive rewrite of India's e-commerce laws – as new reports suggest that Amazon may not be playing by the rule book, and many Indian retailers allege that Amazon India and Walmart-owned Flipkart are harming their businesses by flouting local regulations.The goals, analysts say, should …

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US delays TikTok legal cases, stalls on stake sale policy reversal reports

US delays TikTok legal cases, stalls on stake sale policy reversal reports

(ATF) The Biden administration on Wednesday February 10 moved to freeze cases that attempted to restrict use of TikTok in the US, but a presidential spokeswoman denied reports that a plan to endorse a stake sale of TikTok's US assets to Oracle and Walmart had been abandoned completely. The US …

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Walmart teams up with TikTok to sell merchandise on livestream 

Walmart teams up with TikTok to sell merchandise on livestream 

US retail giant Walmart has partnered up with video-sharing app TikTok to sell its fashion merchandise.The store chain said on Thursday it can now sell items seen on a livestream on the Chinese-owned app.Walmart said viewers on TikTok, which can number 100 million a month in the US, will be …

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US FTC order lumps TikTok in with Amazon, Facebook and Google

US FTC query lumps TikTok in with Amazon, Facebook and Google

(ATF) The US Federal Trade Commission (FTC) on Monday December 14 ordered nine social media and video streaming companies to provide data on how they use personal information.ByteDance, the Chinese owner of short video app TikTok, was among the companies ordered to provide data on how they collect personal information; …

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Walmart commits billions more to India, in possible Flipkart IPO move

Walmart commits billions more in India-made products: A pre-IPO move?

(ATF) US retail giant Walmart said on Thursday December 10 that it will triple its exports of India-made products to $10 billion each year by 2027, in a move that might be a prelude to an IPO of its Flipkart unit.India is already among Walmart's top sourcing markets for products …

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Will big groups bidding for TikTok spell an end to Beijing’s control?

Will big groups bidding for TikTok spell an end to Beijing’s control?

(ATF) Despite the geopolitical tumult in this pandemic year, TikTok climbed a steep hill to be the sixth-most used app worldwide, giving it a worth of around $75 billion and making it one of the most valuable privately-owned companies.The app’s parent, ByteDance has signed many deals with music giants and …

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TikTok’s latest US deadline countdown begins

TikTok’s latest US deadline countdown begins

(ATP) ByteDance, the Chinese owner of the popular video sharing app TikTok passed a deadline to sell US assets last Thursday, but was granted an extension to the sale order after US judges ruled against enforcing an earlier decision by the Trump administration. “The Committee on Foreign Investment in the …

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US Treasury seeks 'resolution' with ByteDance on security concerns

US Treasury seeks 'resolution' with ByteDance on security concerns

The US Treasury Department said on Wednesday it wants a resolution of national security concerns it has raised over China-based ByteDance's acquisition of US social media app Musical.ly, which it then merged into video-sharing app TikTok.The statement came a day after China-based ByteDance filed a petition with the US Court …

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Amazon-Ambani fight for Future Group is just starting, lawyers say

Amazon-Ambani fight for Future Group just starting, lawyers say

(ATF) Amazon has had an initial win in the battle to acquire Kishore Biyani’s Future Group over Mukesh Ambani’s Reliance Retail Ventures – but some say this is just a temporary setback for Asia's richest man.The US retail giant won a favourable ruling on Sunday in its bid to block …

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