TikTok’s in-app revenue smashing all records
As people are spending more time online, ByteDance Ltd.’s millennial sensation TikTok and its Chinese twin app Douyin ranked top in the world among mobile apps for April revenue, according to Sensor Tower data. TikTok and Douyin’s numbers for the month showed a tenfold increase to $78 million, propelling them ahead of more established names like YouTube, Tinder, and Netflix, which rely more on existing subscriptions.
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TikTok’s newly appointed CEO to leave the company
Kevin Mayer left Disney in June to join TikTok as CEO but in a letter to the employees, Mayer said that he is leaving the company due to recent changes in the political environment. “In recent weeks, as the political environment has sharply changed, it is with a heavy heart that I wanted to let you all know that I have decided to leave the company,” Mayer said
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CNBC
After WeChat ban, some Chinese are shifting to an encrypted app 'Signal'
President Donald Trump’s executive order banning American use of WeChat, the most popular app in China, takes effect next month, but some in China are already turning to an American app renowned for its privacy protections. Downloads for Signal, an encrypted chat app that privacy advocates generally regard as best-in-class for everyday use, are spiking in China, a spokesperson for the app said Friday
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The US plans a crackdown on the Chinese technology companies
The US Secretary of State, Mike Pompeo said in a statement that Chinese apps like TikTok and WeChat pose "significant threats to the personal data of American citizens". Wednesday's announcement marks a further deterioration in relations between Washington and Beijing. President Donald Trump hinted at a potential ban on apps like TikTok in order to safeguard the security of American users
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BBC
Tim Cook defends App store commission structure in testimony
Apple CEO Tim Cook defended the company’s App Store commission structure in his sworn testimony before the House Antitrust Subcommittee on Wednesday. He claimed the majority of the apps pay no commission at all, with others paying either 15 or 30 percent, based on the specifics of their particular situation
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