Founded in 2015, Pinduoduo is without doubt the fastest growing tech company in the world. In merely five years, it has become the strongest rival of Alibaba Group in China. Huang Zheng, the founder, is now the 4th richest man in China, 24th in the world. Together with other Chinese tech giants like Alibaba, Tencent and ByteDance, they have become the dream destination for most Chinese coders. Recently, a bathroom problem might make jobseekers think twice before applying to Pinduoduo.
The Ministry of Commerce’s TikTok ban was originally scheduled to take effect on the 12th, and the Ministry of Commerce made this statement at the last minute, showing a change of position. The US Department of Commerce announced on Thursday (12th) that it will suspend the TikTok ban in compliance with the Penn State Court’s ruling on October 30.
A US district court judge issued a provisional order on Sunday night preventing the Department of Commerce’s ban against TikTok from taking effect. However, Judge Carl Nichols declined “at this time” to rule against another ban, due to take effect on November 12.
In order to prevent TikTok from being banned from operating in the United States, Reuters reported that ByteDance is currently preparing for TikTok to conduct a public offering in the United States. However, in addition to President Donald Trump’s approval, the transaction also needs to be approved by Beijing.
The sale of the American division of the social network TikTok may require the consent of the Chinese government. This was announced by the Professor at the University of international business and Economics in Beijing Cui Fang according to the Xinhua News Agency. Xinhua News Agency or New China News Agency is the official state-run press agency of the People’s Republic of China.
On August 22, a 15-year-old girl jumped off a 25-floor building in Sichuan and fell on her father, who was trying to catch her. Both passed away later in the hospital. According to a witness, the mother of the girl was in the elevator to the roof at that moment. For now, there are two speculations over the cause on the internet. One says that she didn’t want to take more piano classes and that the classroom is in fact in the same building, while the other claims that the girl had been depressed for a long time and she had a history of self-harm. Local police reported the case and pleaded for people to stop circulating related videos out of respect.
Donald Trump considers the popular TikTok app a threat to national security and has issued a decree blocking its operation. The Chinese company that owns the software intends to block the execution of the order through the courts. TikTok is a very popular Chinese audio and video communication application that also handles financial transactions.