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TikTok returns to Apple and Google app stores in the US
AppWizard
February 14, 2025

TikTok returns to Apple and Google app stores in the US

TikTok, owned by ByteDance, was removed from Apple and Google’s app stores on January 18 due to a law requiring divestment or a ban in the U.S. The app, which has over 170 million users in the U.S., briefly suspended service, leading users to migrate to a competitor, RedNote. After nearly a month, TikTok returned to the app stores, coinciding with an executive order by former President Trump extending the enforcement of a potential ban until April 5. Concerns over TikTok's Chinese ownership and data privacy have persisted, with the company denying allegations of sharing user data. Trump initially supported a ban but later expressed a more favorable view of the app. He suggested the possibility of TikTok being jointly owned by American investors, with potential buyers including Frank McCourt, Kevin O’Leary, and Jimmy Donaldson (Mr. Beast).
Kakao scales down noncore affiliates to focus on messenger app, AI
AppWizard
August 19, 2024

Kakao scales down noncore affiliates to focus on messenger app, AI

Kakao has reduced its number of affiliates from 144 to 123 over the past year, divesting from noncore assets, including sectors like beauty reservations and golf rental services. The company has removed Wyatt, the operator of Kakao Hair Shop, from its affiliate roster after divesting a 38.9 percent stake in May. Kakao VX has also withdrawn from segments such as golf equipment, healthcare platforms, and non-fungible tokens to focus on the Kakao Friends Golf brand. Other divested affiliates include Awins, Beacon Holdings, and Xtriple. CEO Chung Shin-a stated that KakaoTalk and AI are the core drivers of future growth. The company faces regulatory scrutiny following the indictment of founder Kim Beom-su for stock manipulation and concerns regarding Kakao Pay leaking customer information to Alipay.
Thunderful has sold its distribution business
AppWizard
July 1, 2024

Thunderful has sold its distribution business

Thunderful has divested its distribution business to Bergsala NPD AB, owned by Thunderful board member Owe Bergsten. The transaction was completed on July 1st, allowing Thunderful to strengthen its financial position and focus on growth in the games segment.
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