The Global Audio IC industry 2020 was estimated at 6.31 Billion in 2018 and is poised to reach USD 17.52 Billion by the year 2025, according to the report found by Market Research Future.The report also states that the market is set to grow at a rate of 16.1% during the forecast period (2016–2025).Top Impacting FactorsThe foremost driver motivating the global audio driver IC market is escalating penetration of audio driver IC in consumer electronics.The surged demand for compact and energy-efficient devices among consumers for both domestic and commercial use is also triggering market growth globally.Get Free Report Sample @ https://www.marketresearchfuture.com/sample_request/8624 The usage of the digital audio system and digital audio IC has endorsed high-quality and room-filling sound.The audio IC has its benefits, unavoidably likely to transform the traditional audio platform from analog to digital, conclusively motivating to deliver growth of the global Audio IC industry during the foretell period.In fact, the rising demand for speakers, television, Smartphones, home entertainment, and other consumer electronics plausible to add to the global Audio IC industry growth parameters during the assessment period.Along with these factors, many manufacturers from all over the world are focusing on the development of compact, energy-efficient, and cost-effective devices for domestic and commercial usage anticipated to accelerate the growth of the global Audio IC industry in the forecast period.Augmented demand for customized amplifiers of sound systems in the entertainment industry and manufacturers are making them available, which is creating great opportunity in the overall audio driver IC market.Segmentation of Market: Audio Driver ICThe global Audio IC industry has been segmented among various segments, such as type and application.Depending on type segment, the Audio IC industry has included audio DSPs, audio converters (audio ADC, audio DAC, others), audio amplifiers (volume control IC, audio line drivers and receivers, speaker amplifier), microphone preamplifiers, audio processors, and others.Depending on the application segment, the Audio IC industry has included professional audio, automotive audio, smart and portable devices, smart home, and more.Regional OutlookGlobally, the Audio IC industry has been studied among the regions of Europe, North America, the Middle East & Africa, Asia-Pacific, and South America.
Good news for all the Spotify Premium members out there.Recently, Spotify has launched a new feature with which the premium membership holder will be able to host a Group Session with any five Spotify users anywhere around the world.Another exciting feature that your friends can have is that they can scan the code that generates on your phone and enjoy the same kind of access to the Spotify app.Initially, the app asked all the joining members to scan the code via the phone of the host or a screenshot, but for this, all the joining members we’re required to be in the same place or location to stream on Spotify.However, recently, Spotify has added the option of link sharing for Group Sessions instead of scanning any code.The host will just have to send you the link through any social media or text message, and when you get the link, you can easily access and control Spotify.Each member can play a new song, pause the old one, or select any other song easily.Click on the Now Playing button that you will find just above the home button bar and press the Connect option from the bottom left side of the interface.
Summary - A new market study, titled “Global Power Lawn Mower Market - Growth Drivers, Opportunities and Forecast Analysis to 2022” has been featured on WiseGuyReports.A lawn mower is a machine used to cut a grass surface to an even height with the help of one or two revolving blades.A lawn mower can be categorized into manual lawn mower and power lawn mower, depending on the configuration of the mower.A manual mower is the oldest kind of mower which requires a person to push forward the mower to spin the reel.Whereas, power lawn mower needs an energy source to work and can be of three types: gasoline; electricity; and battery.ALSO READ: https://www.openpr.com/news/2100812/power-lawn-mower-global-market-2020-key-players-ariens The global power lawn mower market is experiencing a satisfactory growth rate due to increasing construction activities, surging need for landscaping services, technical advancements, growing number of smart homes and improving disposable incomes.The growth of the market is majorly expected from battery powered lawn mowers as these are safer and more eco-friendly.
This winter, if you have decided to change an old wood-burning fireplace into a new one with a gas to make them warm and comfortable lounge room space that your family didn't realize they required, this is a great decision indeed.If you don't have any idea about Gas Log Fireplace, what options are available for it, how to start, Illusion fires guide is here to help you out-What is the fireplace?The fireplace is the core of the home and often serves as the main area.Regardless of whether you have installed a traditional fireplace or Eco-friendly ethanol, it upgrades space and increases the value to your house.Gas Fireplaces are three types-Free Standing Gas Heaters Free Standing Gas Heaters has a segment of logs that can be changed over the wood-burning fireplace.And the sound of fire cannot be beaten.However, it needs storing logs somewhere which can be a headache for you when you don't have time.Gas InsertIt actually transforms the traditional wood-burning fireplace into the all-in-one box that burns natural gases rather than wood.
The global point of use water treatment systems market size is anticipated to witness significant growth on account of the increasing levels of water pollution, attributed to the rise in urbanization and industrialization, coupled with the increasing importance of clean water.As per a recent report by Fortune Business Insights titled, "Point of use water treatment systems market Size, Share & Industry Analysis, By Product Type (Under The Counter Filters, Counter Top Filters, Pitcher Filters, Faucet-mounted Filters, and Others), By Category (RO Filters, UV Filters, Gravity Filters, and Others), By Application (Residential and Light Commercial) and Regional Forecast, 2020-2027," the market value stood at USD 17.30 Billion in 2019 and is anticipated to rise at a CAGR of 8.1%to reach USD 32.20 Billion by 2027.The outbreak of COVID-19 is expected to have a significant impact on the growth of the market.The year-on-year growth rate is estimated to decline for the next two years as compared to the earlier.List of key Companies Profiled in the vendors in the Point of Use (POU) Water Treatment Systems Market Research Report are:Global Water Solutions Ltd. (USA)Panasonic Corporation (Japan)Best Water Technology Group (Austria)Katadyn Group (Switzerland)General Ecology Inc. (USA)A. O. Smith Corporation (USA)Culligan International Company (USA)LG Electronics (South Korea)Kent RO Systems Ltd. (India)Eureka Forbes Ltd. (India)Brita LP (USA)Unilever PLC (UK)Helen of Troy Limited (USA)Coway Co. Ltd. (South Korea)Pentair PLC (USA)Other vendorsDrivers & Restraints:Advent of Smart Water Treatment Systems will Add Impetus to MarketThe increasing levels of water pollution, rise in prevalence of water-borne diseases such as typhoid, cholera, malaria, anemia, dengue, and others, and the rising importance of clean drinking water are the major point of use water treatment systems market growth drivers.In addition to this, the implementation of advanced technology in terms of water purification systems primarily focuses on removing harmful contaminants, and complete water purification for home and light commercial buildings, thereby adding impetus to the market.On the negative side, water purification systems such as ultra-violet filters and reverse osmosis filters are expensive and the maintenance costs of such systems are also high.
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Now with $500 option for very special glass that makes monitors sparkle, but no home-grown CPUs Apple has upgraded is iMac range.…
Among all the things that have proven to be broken and overlooked or underestimated because of the COVID-19 pandemic, and between all the industries and niches that came to a halt, technology adoption was the exception. While simple (and old) measures such as quarantines, social distancing, washing hands, and wearing masks were still the most effective, our modern society wanted to give a modern answer to the virus. Thus, the pandemic became an accelerator for the more widespread use of technology — Zoom meetings and home deliveries became more prevalent, as some even tried it for the first time after… This story continues at The Next Web
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The Business Research Company published its Facial Tissues Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Facial Tissues market.The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the Facial Tissues market’s segments-1) By Type: Box Facial Tissue, Pocket Facial Tissues2) By Applications: At Home, Away From Home.View Complete Report: https://www.thebusinessresearchcompany.com/report/facial-tissues-global-market-report-2020-30-covid-19-implications-and-growthFacial Tissues Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.Due to the Covid-19 pandemic, there is an increase in awareness about hygiene, which has in turn increased the demand for more disposable paper products such as facial tissues as opposed to reusable cloth napkins to curb the spread of viral infection.The market is expected to stabilize and reach $16.1 billion at a CAGR of 8.3% through 2023.Companies in the facial tissue market are increasingly using TAD (Through Air Drying) technology to manufacture facial tissues to have cost benefits.
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We are now into month five of being a ‘work from home’ world, something that managers and HR departments alike probably never thought possible before COVID-19.
Business teams have adapted, ensuring connectivity to drive performance and re-building office culture via happy hours and virtual meet-ups.
This catapult into virtual working has laid bare for businesses just how effective their technology landscape is – or isn’t.
Instead of systems planning being one of many business needs leaders are weighing, the need to upgrade technology is now more clearly an existential imperative.
They have no doubt been reinventing processes to be able to work as distributed teams but may not have the ability to leverage technology to accelerate or bring efficiency to these changes.
What if they still require paper documents to be executed for origination?
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The rise in demand of home applications such as, washing machines, cloth driers, dish washes, and others; is driving the growth of anaerobic adhesives market.Thread sealants are used in various applications, due to their properties, such as excellent chemical resistance, easy application, high performance of passive metals without activator, and instant low-pressure seal.End Use – Segment Analysis Automotive has been the largest market for Anaerobic adhesive market, as it is used in many applications such as camshaft sprocket bolts, crankshaft bolts, idler bearings, press fit filler tubes, transmission input & output shaft threads, ring gear or shock bolts, console assemblies, soundproofing, attachment screws, electrical component boxes, plastic knobs, hose fasteners and many others.Since, it is environment friendly.Challenges - Anaerobic Adhesives Market Impact of Covid 19 on Anaerobic Adhesives Market The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic.Market Landscape Technology launches, acquisitions and R activities are key strategies adopted by players in the Anaerobic Adhesives Market.
Portable Critical Care Equipment’s Market can be defined as those medical devices and equipment’s that are handy, mobile and provide various monitoring and diagnostic purposes to the patients and healthcare providers.Due to the growing preference of patients adopting to be home-treated and home cared the demand for portable medical devices has grown significantly, which is expected to drive the market growthGlobal Portable Critical Care Equipment’s Market is expected to grow with a healthy CAGR in the forecast period of 2019-2026.The report contains data from the base year of 2018 and the historic year of 2017.This rise in market value can be attributed to increasing levels of expenditure being incurred by various private and governmental sources in advancements of healthcare provisions.Get Sample Report at : https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-portable-critical-care-equipments-marketCompetitive Analysis: Global Portable Critical Care Equipment’s MarketFew of the major competitors currently working in Global Portable Critical Care Equipment’s Market are GENERAL ELECTRIC; Koninklijke Philips N.V.; Medtronic; Ventec Life Systems; Integra LifeSciences; B. Braun Melsungen AG; VYAIRE; Nox Medical; OMRON Corporation; BPL Medical Technologies; MAQUET Holding B.V. & Co. KG; F. Hoffmann-La Roche Ltd; Abbott; Briggs Healthcare; NIHON KOHDEN CORPORATION; Skanray Technologies Pvt.; Animas LLC; Carestream Health; MinXray Inc.,; Guangdong Biolight are few of the major competitors currently present in the portable critical care equipment’s market.
According to OICA in 2018, global light commercial vehicles production increased from 19,482,394 to 20, 635,799 i.e., 5.9% higher from 2017.The Epoxy resin is the widely used resin in the anticorrosion coatings market, owning to its extensive properties such as excellent chemical resistance, low porosity, anti-sagging, strong adhesion, durability and bond strength.In oil & gas industry, corrosion in the pipelines or storage system due to reactive chemicals or organic salt in the oil can eventually cause a loss of containment of process fluids or can lead to serious accident affecting workers, environment and economy.However, oil & gas industry is facing huge crisis due to COVID-19 outbreak, as most of countries have issued “stay at home guidance” i.e., lockdown, which is impacting oil & gas industry operations.These coatings are extensively used in the iron pillars of the building, which reduces the risk of damage caused by rusting or corrosion.In addition, in February 2020, the Asian Development Bank approved a loan of $631 million to develop the Vishakhapatnam-Chennai industrial corridor.
On August 5, 2019, India's Hindu nationalist government revoked the autonomy of the Muslim-majority Jammu and Kashmir region by scrapping Article 370, a constitutional provision that grants special status and allows the Indian state of Jammu & Kashmir to make its own laws . The day before, it had cut off phone signals, mobile data, and broadband internet.
Majid Maqbool is a freelance journalist from the region and the opinions expressed are his own. He says Kashmir's internet blackout traumatised families, devastated businesses, and cut millions of people off from the outside world.
A year on from when 213-day blackout started, he writes about what it was like to live through — and about how the media celebrated Kashmiris' loss of freedom.
Visit Business Insider's homepage for more stories.
This week marks one year since I and seven million other Kashmiris were subjected to the longest-ever internet blackout in a democracy.
On August 4, 2019 — the day before India's Hindu nationalist government revoked the autonomy of the Jammu and Kashmir region — mobile and landline phone signals, mobile data, and broadband internet were shut down and a curfew was announced (the government imposed another curfew this week, saying it was worried about anniversary protests).
Extra soldiers were brought in to patrol the streets and confine us to our homes. Gatherings of more than three people were banned. Hundreds of Kashmiri leaders, including ones who had long advocated that Muslim-majority Kashmir embrace its place in Hindu-majority India, were jailed under draconian laws like the Public Safety Act, that the government claims is a preventive detention law under which a person can be taken under custody in order to prevent them from acting harmfully against the security of the state in Jammu & Kashmir.
The communication clampdown was meant to quell any protests.
Hundreds of thousands of families were suddenly cut off from their loved ones, and students studying abroad couldn't contact home. It was traumatic, and no date was given for when it might end. Meanwhile, triumphant headlines on the Indian news channels declared: "A Naya (new) Kashmir is born!"
My parents, who are in their mid 60s, left for the Hajj pilgrimage to Mecca two days before communication was cut. They couldn't speak to us for more than a month. For the first time in my life, I couldn't greet them on the day of Eid. Their once-in-a-lifetime experience was filled with added anxieties and worries.
About two weeks in, I reached a media centre the government set up in mid-August in a hotel in the city, where hundreds of journalists jostled to get a few minutes of internet access and file their reports on one of a dozen computers. After waiting in the queue for hours, I logged in and sent a short email to my brother, who was in UAE, telling him that we were fine and asking him about our parents, who had been calling him frequently to find out if he could somehow contact us.
I added a final line before signing off: Please tell them to not worry about us. My time was up. Others stood behind me waiting for the computer impatiently. Two days later, I read his reply after I once again dodged spools of concertina wires and road barricades to return to the media centre.
"How did you manage to access the internet?" he wrote, surprised and delighted. Our parents were worried about us, he added, but relieved to know that we were fine despite the curfew and total communications blackout.
When they returned home after more than 40 days, it was an emotional reunion. We hugged each other at the airport. It broke my heart to see tears in their eyes.
"We were restless and worried when the phones didn't connect and we couldn't contact you," my mother said, fighting back tears. "Every Kashmiri on Hajj was in pain and praying all the time for their homeland," my father said.
Many of our relatives couldn't call to ask how the Hajj had been. My parents couldn't talk to their 10-year-old grandson until September, when some landline phones started working. Whenever I went to the media centre, the only place even a journalist like me could access the internet, I'd download photos of my nephew that my brother emailed to show my parents back home on my laptop. Seeing him on the screen would moisten their eyes.
Every time I left home for work, they would worry about not being able to ring me to check on me. There was no way I could contact them while I was out. Our mobiles were useless, lying in a corner. My mother never forgot to remind me to carry my ID card when I left home — just as she had when I was a teenager.
The internet shut down had lasted for 213 days when slow, 2G mobile internet was restored on March 4. At seven months long, it was the longest-ever internet shutdown imposed in a democracy, according to Access Now, an advocacy group that tracks internet suspensions worldwide.
Kashmiris' rights stripped away
In 2016, the United Nations declared access to the internet a human right. But from 2012 to 2019, Kashmiris had theirs shut down 206 times by the authorities. This year, the internet has been shut down 26 times so far.
In 2018, the internet was suspended 65 times, in 2017, 32 times. In 2016, after widespread protests after the killing of militant commander Burhan Wani, the internet was shut down for six months. Mobile data was suspended for 133 days.
As of this week, a ban on high-speed 4G has been in force for a full year. Children in Kashmir have had just two weeks schooling since last August. The ongoing ban on fast internet has deprived them of online classes and learning that so many children worldwide relied upon during the coronavirus pandemic.
The blackout period exacerbated the economic pain of the coronavirus lockdown, which came to Kashmir on March 21. The economic damage of the blackout to Kashmir was around $2.4 billion by the end 2019, according to the region's main trade organisation. In 2020, the Kashmiri economy has lost a further $5.3 billion.
Read more... Kashmir's 5-month internet blackout is the longest ever imposed in a democracy — and it's stifling local workers
By the end of 2019, more than 50,000 jobs had been lost in the handicraft sector from the internet shutdown — local artisans couldn't take fresh orders online from most of their clients outside the state and abroad. Kashmir Economic Alliance (KEA), a leading trade body, estimated that, in the first two months of the coronavirus lockdown, the handicraft business alone suffered further losses worth $4 million.
More than 30,000 hotel and restaurant workers lost their job after the blackout and clampdown last August. More than 10,000 people in the e-commerce sector also lost their jobs in the months that followed. The ban on the internet also hit several online businesses and IT companies in Kashmir that lost their clients, resulting in closures and thousands of job losses. They lost contact with hundreds of overseas clients.
Media toes the government line
While Kashmir was under siege, the mainstream Indian media were quite willing to toe the government line, praising our state's loss of autonomy as it was divided into two territories, governed by the authorities in New Delhi. Instead of being questioned, government spokespersons were given more space to air their views.
Most of the Indian media, particularly the mainstream Hindi and English news channels, made attempts to paint living under siege as some kind of a normalcy, playing down the denial of basic human rights. It was described with terms like "preventive step" and "temporary measures," and they lapped up the government's line that it was merely "full integration." One primetime anchor said: "Justice has been done. In the heart of every Indian, in yours and mine, there's an overwhelming sense of pride."
Even the pro-India politicians in Kashmir were rendered mute on August 5 last year, put under detention and booked under the Public Safety Act. Hundreds of youths, resistance leaders, and business leaders were simultaneously jailed. Some were moved to prisons outside Kashmir. The politicians, including three former chief ministers of the state, were kept uninformed by the ruling regime in New Delhi, and were not consulted before their state's autonomy was revoked.
In the end, like other Kashmiris, they were used, arrested, humiliated by the Indian state.Join the conversation about this story » NOW WATCH: Pathologists debunk 13 coronavirus myths
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The Trump administration is forcing TikTok to sell off its US business by September 15 or else face a ban, accusing it of posing a privacy and national security threat because it is owned by a Chinese company.
The administration has explicitly claimed TikTok spies on people but has never offered public evidence.
Experts diving through TikTok's code and policies say the app collects user data in a similar way to Facebook and other popular social apps.
Google and Facebook by comparison almost certainly hoover up more user data than TikTok through their sprawling number of apps and services — but get less US political scrutiny on privacy.
Visit Business Insider's homepage for more stories.
TikTok, the video-sharing app whose meteoric rise amongst teenage users has made it a challenger to the likes of Facebook, is under siege in the US thanks to its Chinese roots.
After months of sustained political pressure from lawmakers and President Trump, TikTok's parent firm ByteDance is now in talks with Microsoft (and reportedly other US bidders) to sell its US business.
And in the background, the Trump administration has threatened to ban TikTok altogether, has run ads claiming it spies on people, and also demanded that the US Treasury get a big cut of any sale of the app.
The spying claims have hit home for some high-profile users, with online gaming megastar Tyler "Ninja" Blevins announcing he was deleting the app in July over privacy concerns.
But is TikTok actually any worse for snooping in your personal data than social media platforms like Facebook and Google?
According to the experts, evidence suggests the answer is no.
In terms of the data TikTok says it sucks up, it doesn't appear to be any worse than Facebook
"Basically they are saying that they are using your usage data, behavior data, preferences, friends, contacts, to provide you with their service, to customize the service, and of course to do targeted advertising [...] this is exactly what Facebook is doing and Instagram is doing too," said Vilain.
Vilain pointed out that the main difference between TikTok and Facebook or Instagram is in the kind of data users are routinely plugging into the app, as TikTok relies on video. "I think the main difference is that people are recording themselves and this is being recorded," she said.
There's also the fact TikTok is popular with younger folks.
"Also it's mainly used by teenagers, who are maybe less aware and less concerned about what they are sharing," Vilain said.
The FTC fined TikTok $5.7 million in February 2019 for inadequately protecting the privacy of its underage users, and on July 7 the agency announced it was looking into allegations that the company continues to violate children's privacy on the app.
In terms of how TikTok handles your data, it doesn't look any more suspicious than other social media
As the reports about the US forcing TikTok to hive off its American business began to swirl in early August, security researcher Baptiste Robert decided to do a deep-dive into what data TikTok sends back to its servers in an attempt to cut through the geopolitical rhetoric.
Reverse-engineering an app like TikTok's is not an easy task, and Robert is publishing a series of posts about his findings.
TikTok analysis in progress. It’s time to stop this non sense and put facts in the center of the discussion pic.twitter.com/CUpEbA6f9w — Elliot Alderson (@fs0c131y) August 2, 2020
In his first post, Robert noted that a single report can't be expected to definitively prove whether or not TikTok poses a national security threat given it uses millions of lines of code.
But he also didn't find anything suspicious.
"As far as we can see, in its current state, TikTok doesn't have a suspicious behavior and is not exfiltrating unusual data. Getting data about the user device is quite common in the mobile world and we would obtain similar results with Facebook, Snapchat, Instagram and others," Robert's report concluded.
There are still 'legitimate concerns' around TikTok's lackluster security
Business Insider spoke to iOS developer Talal Haj Bakry, who in March along with developer Tommy Mysk discovered a security flaw in TikTok which meant it was able to access iPhone users' clipboards without their permission, essentially meaning TikTok could read any text the user has copied.
The researchers noted that this could be as mundane as a shopping list or more serious data like passwords or financial information.
Subsequently LinkedIn and Reddit's apps were also discovered to be reading iOS users' clipboards, and all three companies have now altered their code after Apple started cracking down on the practice with its iOS 14 update.
A TikTok spokesperson said the reason the app was reading clipboards was to identify "repetitive, spammy behavior," and the company has submitted an update to the App Store getting rid of this feature.
In April Bakry and Mysk also discovered a vulnerability in TikTok which meant users' uploaded videos could be intercepted and even replaced.
This vulnerability was the result of TikTok using insecure HTTP connections to download videos from its servers. "All other social media apps have long made the switch to secure HTTPS for all network connections, in effort to protect user privacy and data integrity.
"Such a basic security failing does not inspire confidence in TikTok's ability in protecting their users' data, and exposes a lax attitude towards security," Bakry said.
A TikTok spokesperson told Business Insider: "TikTok prioritizes user data security and already uses HTTPS across several regions, as we work to phase it in across all of the markets where we operate."
Bakry thinks TikTok's Chinese roots could be part of the reason it's playing catch-up on security.
"What makes TikTok stand out are the differing data privacy laws and security standards between China and other parts of the world. In the US and Europe, there are various laws and regulations in place to protect end-user privacy," Bakry said. "China is only recently catching up in creating data privacy laws, but it remains to be seen how effective these new laws will be when put in practice."
Bakry said there are "definitely legitimate concerns" around TikTok's security. "Whether it's intentional or merely the result of move-fast-and-break-things, the inadequate security of social media apps can pose a serious threat. These apps collect massive amounts of data from their users, and they become prime targets for bad actors seeking to steal information," he said.
Vilain agreed that regardless of whether the vulnerability was left open as a backdoor or the result of shoddy security. "Whatever the reason for this, if you're not securing the collection of data of course it's a threat and it's a violation of the GDPR for example in the European Union, and they should do something about this," she said.
TikTok has tried to distance itself from its Chinese roots
Regardless of whether TikTok's app is technically more invasive or insecure than any other social media app, the Trump administration's argument hinges on the idea that private companies in China can be turned into proxies for the Chinese government.
As scrutiny around the app has built up, TikTok has desperately tried to shake off the idea that it's a Chinese company.
"TikTok is led by an American CEO, with hundreds of employees and key leaders across safety, security, product, and public policy here in the US. We have no higher priority than promoting a safe and secure app experience for our users. We have never provided user data to the Chinese government, nor would we do so if asked," a TikTok spokesperson told Business Insider.
TikTok itself isn't present in China, but is the international twin of its sister app Douyin, which does operate in China.
TikTok has always maintained it doesn't store any user data on Chinese servers, although this was contested in a December 2019 lawsuit filed by a user. A TikTok spokesperson told Business Insider the app's data is stored on servers in the US with backups in Singapore.
In May 2020 the company also hired a new American CEO called Kevin Mayer, formerly a Disney streaming executive.
In July, TikTok announced it was withdrawing operations from Hong Kong alongside a slew of US tech companies following the implementation of China's sweeping new national security laws in the region.
Some critics said the withdrawal smacked of a PR move, given that sister app Douyin is more popular in Hong Kong than TikTok.
Nonetheless the Trump administration seems determined to make an example out of TikTok, and its parent company seems to be losing hope it can convince the US to leave it alone.
ByteDance's CEO Zhang Yiming told employees in an internal letter he believes Trump's "real objective" is to force a ban, rather than force a sale to Microsoft or any other American company.
US actions have also angered China's state media, who argue the US is trying to brazenly steal a successful Chinese company.
"China will by no means accept the 'theft' of a Chinese technology company, and it has plenty of ways to respond if the administration carries out its planned smash and grab," the state-owned China daily wrote in an editorial. SEE ALSO: Dogecoin volumes spike 683% after viral TikTok challenge urges buying spree
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Hello and welcome to Trending, Business Insider's weekly look at the world of tech. I'm Matt Weinberger, deputy tech editor out of our San Francisco bureau, filling in for Alexei Oreskovic while he's on vacation. If you want to get Trending in your inbox every Wednesday, just click here.
The clock goes tick-tock for TikTok
Hello, and welcome to Trending, the Business Insider tech newsletter. As you may have already noticed, I'm not Alexei Oreskovic, your usual host — I'm Matt Weinberger, deputy tech editor out of our San Francisco bureau, filling in for Alexei while he takes some well-deserved time off.
In my day job, I oversee our enterprise tech coverage, which encompasses cloud computing, artificial intelligence, open source software, and productivity (shameless plug: you can read all about it on Hyperscale, my enterprise tech newsletter, which publishes via LinkedIn on Fridays).
So imagine my surprise when Microsoft — the single largest company in the enterprise sector — suddenly and unexpectedly found itself inserted into the saga of Chinese-owned TikTok, the hottest consumer app in who knows how many years. As you've probably heard by now, Microsoft is in talks to buy up TikTok, or at least its American operations, in a deal likely to be worth many billions of dollars.
Microsoft has said that it expects those talks to be completed, one way or the other, by September 15th. President Donald Trump has upped the pressure by saying that he intends to ban TikTok in the United States entirely if the app isn't owned by an American company by that date (and that the US should get a cut of the sale, which is generally not how that works).
A brief Q&A on Microsoft/TikTok
I won't pretend to be an expert in international trade or China relations, but I am pretty familiar with Microsoft and how it operates. While nothing is set in stone and another buyer could swoop in, Microsoft seems like the most likely buyer, not least because it has the cash to spare and because it's so far avoided the worst of the antitrust scrutiny that rivals like Google and Facebook now find themselves under.
Therefore, I've taken the liberty of throwing together a quick FAQ on what Microsoft might be thinking:
Q: This is a weird deal, right?
A: On the face of it, it's super weird. But, if you dig a little bit deeper — well, it's still super weird, but starts to make a little bit more sense.
Q: Isn't Microsoft all about cloud computing and Microsoft Teams and all that kind of thing these days?
A: Sure is. Under CEO Satya Nadella, Microsoft has seen a tremendous bull run, thanks almost entirely to its focus on products like the Azure cloud platform and Office 365 productivity suite. In fact, Microsoft recently shuttered most of the Microsoft retail stores and the Mixer live-streaming service, a rival to Amazon's Twitch, in a move to make sure the company stayed on target. The Xbox game console is Microsoft's last major consumer brand.
Q: So where does TikTok fit into that master plan?
A: Honestly, it probably doesn't.
Q: Wait, but...
A: The best and most educated guesses hold that Microsoft sees TikTok as a once-in-a-lifetime chance to win over an entire generation of fans. With an estimated 100 million mostly-younger daily active users, TikTok has a built-in audience, and the pressure from the White House to sell is expected to give Microsoft an edge in negotiations. Plus, it could be Microsoft's chance to wind the clock back and get another chance to take on Facebook and Google in online advertising. Otherwise, we'll have to wait and see.
Q: So will it work?
A: Great question. Nadella has largely earned the benefit of the doubt — his signature acquisitions of LinkedIn, GitHub, and "Minecraft" maker Mojang have all been very successful, and established a trend towards allowing big-money acquisitions to retain a level of independence previously thought unthinkable in the industry. But on the other hand...I already mentioned that Microsoft just shut down Mixer, right?
Q: Last question: Doesn't it set a bizarre precedent for Silicon Valley in particular and American capitalism as a whole for a sitting president to get so involved in the affairs of a private company like Microsoft?
A: Great question! You're very good at asking smart questions. Keep it up. But it looks like we've run a bit long, so let's put a pin in this for now. But feel free to keep asking those sharp, sharp questions!
So how did the Big Tech hearing go?
The sudden news of a potential Microsoft and TikTok tie-up was only the capstone on a week that was already incredibly busy.
On Wednesday, Apple CEO Tim Cook, Amazon CEO Jeff Bezos, Facebook CEO Mark Zuckerberg, and Google CEO Sundar Pichai all testified before Congress on allegations of anticompetitive behavior. As expected, there was plenty of grandstanding, but there was also some substance there. As Business Insider's Linette Lopez writes, the execs were forced to testify under oath about allegations about Amazon's use of third-party seller data, or Facebook's history of spying on the competition.
More interesting than the hearing, however, were the internal emails released by the House Judiciary Committee as part of its investigation. With the release of documents, we got a rare insight into how these tech giants do business: Everything from an email from Jeff Bezos on the $1 billion purchase of smart doorbell company Ring, to a missive from late Apple cofounder Steve Jobs recommending the company "cut off" a developer.
As Business Insider's Becky Peterson reports, the big takeaway is that in several cases, these mega-companies bought up startups not because they wanted their technology — which they often seemed to find lacking — but because they wanted to buy their way into a market.
Either way, the real capstone on the hearing came a day letter, when all four of those companies simultaneously announced their quarterly earnings on Thursday.
The big earnings bonanza
Apple, Google, Amazon, and Facebook all blew away their earnings reports late last week, with the stocks surging in after-hours trading.
It wasn't entirely a clean victory for all of them, however: Amazon reported a slight miss on Amazon Web Services cloud revenue, booking $10.81 billion in sales for the quarter, versus the $11.01 billion Wall Street was looking for, demonstrating slower growth than expected. Google parent company Alphabet, meanwhile, showed its first quarterly decline in revenues for the first time ever since it went public.
None of this is especially surprising, given the increased reliance on services from all four companies in a stay-at-home, work-remotely kind of world. But it's a funny sort of synchronicity that all four were able to take such a victory lap just a day after being raked over the coals by lawmakers over their size and influence. Congress may be able to shame you, but it's Wall Street that pays you.
Well, that's enough out of me. Before I give up this virtual podium and turn it back over to Alexei, here are a few various other recent highlights from the Business Insider tech team:
Apple will start making its own chips to enable iPhone apps to run on future Mac computers. But developers say pulling that off may not be so easy.
The president of cybersecurity giant RSA explains how its $2.1 billion breakup deal with Dell will return it to its 'scrappy' startup days: 'How often do you get to do that as a 38-year-old company?'
Radish wants you to binge-read romance novels, and now it has a fresh $63.2 million to pay its soap opera writers to get you hooked
Sheila Bair oversaw nearly 400 bank closures during the last financial crisis. She told us her worst fear about the coronavirus crisis and explained what regulators are getting wrong this time.
These two VCs were hobby Bitcoin miners a decade ago, and now they've raised $110 million for a second fund focused on cryptocurrencies and blockchain startups
Thanks for reading, and if you like this newsletter, tell your friends and colleagues they can sign up here to receive it.
— MattJoin the conversation about this story » NOW WATCH: Why thoroughbred horse semen is the world's most expensive liquid
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