At least three of Bytedance Ltd.’s major investors have marked up the TikTok-owner’s valuation to more than $400 billion, a sharp rebound for a Chinese social video leader that has been threatened with a US shutdown.

The valuation marks a substantial increase for ByteDance whose stock exchanged hands at a low point of $275 billion in July 2022

"We confirmed DeepSeek communicating with ByteDance," a South Korean data protection regulator told Yonhap News Agency.

South Korea's data protection regulator has stated that the DeepSeek chatbot was sending user data from the country to the Chinese owner of TikTok, ByteDance. In response, DeepSeek expressed its willingness to cooperate with the commission,

After being removed in South Korea over data security concerns, the country's officials have accused DeepSeek of sharing user information with TikTok's Chinese owner ByteDance.

VOICEOVER ENG South Korea Bans DeepSeek Over Data-Sharing Concerns with ByteDance South Korea has accused Chinese AI startup DeepSeek of sharing user data with ByteDance, the parent company of TikTok The country’s data protection regulator confirmed the link and removed DeepSeek from app stores over privacy concerns The AI app,

The Minute to Read (Weekdays) series provides a quick overview of significant events in Korea everyday, conveniently condensed into a one-minute read. Here’s a recap of what happened yesterday: Feb. 18.