The company said that it plans to carry out a small round of pre-initial public offering financing that will give ByteDance an 80 percent stake in TikTok Global, a newly established company following the proposed deal with US partners Walmart and Oracle.
The company's shares, which have more than quadrupled this year on hopes of its vaccine working, surged another 18% to .77 early trading.
The company predicted it will ship 230 million to 250 million smartphones in 2019.
The company said in January that it?planned to add another 100,000?full-time jobs in the U.S. by mid-2018.?The growth would push?Amazon’s U.S. workforce to more than 280,000 people.
The company said retailers soon may be able to send packages using Uber's service.
The company was fined 245 million yuan.
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The company is planning to open new routes from Wuhan to Ukraine, Turkey and Iran.
The company put its development focus on the key technology of batteries, while teaming up with traditional automobile company JAC Motor based in eastern Anhui Province to carry out production.
The company said the new trains were designed specifically for the Winter Olympics, featuring a media carriage with WiFi service and TV screens for live broadcasting, an athlete drug testing area and and a storage area for winter sports equipment.
The company recently conducted a survey of 300 users, which found that reliability, voice quality and battery life were the most important drivers in choosing digital radio technology.