ByteDance, which generates strong cash flow from Douyin, the Chinese version of TikTok, is expected to double its capital spending in 2025.

South China Morning Post

Hong Kong

ByteDance leads China’s Big Tech sector in capex with US$11 billion for 2024

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Alibaba Group

BizToc

ByteDance leads China’s Big Tech sector in capital spending with US$11 billion for 2024

ByteDance capital expenditure nearly matches combined spending of Baidu, Alibaba, Tencent as companies race to build out AI 
This article has been indexed from  Silicon UK 
Read the original article:    ByteDance Capex Dwarfs Chinese Rivals In AI Spending Boom   The post ByteDance Capex Dwarfs Chinese Rivals In AI Spending Boom appeared first on IT Security News.

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ByteDance Capex Dwarfs Chinese Rivals In AI Spending Boom

ByteDance is at the forefront of China's Big Tech industry, planning to invest $11 billion in 2024. With significant revenue coming from Douyin, China's counterpart of TikTok, ByteDance is projected to increase its capital expenditure twofold in 2025. According to recent studies, ByteDance, the parent company of TikTok, emerged as China's largest investor in tech areas such as artificial intelligence (AI) in 2024. The company's expenditure nearl…

Automobile News and Trends - You must read this !

ByteDance Outpaces Chinese Big Tech Rivals in 2024 Capital Spend: Doubling Investments in 2025 with Emphasis on AI Development

Chinese technology giant ByteDance is planning to invest as much as $22 billion (160 billion yuan) in technologies next year, with a majority of the funds headed to artificial intelligence-related infrastructure, the South China Morning Post reported. The outlay will be twice ByteDance’s $11 billion investment in 2024, which was the highest capital spending by a Chinese technology firm for the year, and will almost match the combined spending of…

Asia Financial

China’s ByteDance to Spend $22 Billion on Tech in 2025 – SCMP

Sens. Edward Markey, D-Mass., and Rand Paul, R-Ky., urged the Biden administration Dec. 19 to give China's ByteDance more time to comply with the law that requires the company to divest TikTok by Jan. 19 or face a U.S. ban...

exportcompliancedaily.com

Senators Say China's ByteDance Needs More Time to Sell TikTok

In 2024, ByteDance emerges as China's top tech investor, allocating $11 billion to innovations, especially in artificial intelligence.

24matins.uk

ByteDance Leads Tech Investment Surge in China

A US federal court has upheld legislation requiring Chinese tech giant ByteDance to relinquish ownership of the popular social media platform TikTok in the US by early next year or face a nationwide ban. The ruling marks a significant victory for the Justice Department and TikTok critics, who have long expressed concern about the app's ties to China. However, the decision constitutes a major setback for ByteDance as it now faces the possibility …

ByteDance leads China’s Big Tech sector in capex with US$11 billion for 2024

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