
Builder Seazen Mulls Up to $300 Million Offshore Bond Offering
Seazen Group Ltd. is considering raising $200 million to $300 million through a 2.5-year dollar bond offering, according to people familiar with the matter.
The potential bond issuance would mark a rare move in the Chinese property sector, which has been grappling with financial challenges.
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U.S., Chinese delegates in London to talk trade, rare earths
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Nvidia (NVDA) Reaffirms AI Dominance After CFO Dinner Briefing
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TikTok creating more than 500 new British jobs as UK users top 30 million
TikTok creating more than 500 new British jobs as UK users top 30 million TikTok has unveiled plans to create more than 500 new British jobs and open a second office in London as it cheered passing the 30 million milestone for users in the UK. The Chinese-owned social media firm said its UK workforce would expand to 3,000 this year as part of its 'deep commitment' to the UK. It will also open a new 135,000sq ft office in London's Barbican, which is set to open early next year. The group already has its UK headquarters in Farringdon, London, which were opened in 2022. TikTok unveiled the plans as it said it now has more than 30 million regular users in the UK each month, which makes the market is biggest user community in Europe. ADVERTISEMENT Adam Presser, director of TikTok UK and global head of operations and trust and safety, said: 'Whether through direct investment in jobs and innovation, or the wider economic contribution from millions of British businesses on TikTok, we're pleased to be increasing our investment and presence here in the UK, an important hub for TikTok.' But it comes after Cabinet minister Pete Kyle signalled he was looking at measures to restrict the amount of time children spend on their phones, including through a possible 10pm curfew. Mr Kyle was asked on Sunday morning whether he would look at limiting the time children spend on social media to two hours per app after the Sunday People and Mirror reported the measure was being considered by ministers. The Online Safety Act has passed into law, and from this year will require tech platforms to follow new Ofcom-issued codes of practice to keep users safe online, particularly children. Hefty fines and site blockages are among the penalties for those caught breaking the rules, but many critics have argued the approach gives tech firms too much scope to regulate themselves. ADVERTISEMENT TikTok's Mr Presser said that, as well as its UK expansion plans, the group also invests 'significantly' in safety. The firm launched its UK operations in 2018 (James Manning/PA) He said: 'What underpins our continued growth is our deep commitment to safety and to creating an enjoyable and secure digital space to sustainably support creators, entrepreneurs and the wider economy, which is why we also invest significantly in safety.' TikTok first launched its UK operations in 2018 and is financially incorporated in Britain. The group was fined 530 million euro (£446 million) by the Irish data protection watchdog last month for breaching EU privacy rules around transferring user data to China. The video-sharing app was also sanctioned for not being transparent with users about where personal data was being sent and ordered the platform to comply with data protection rules within six months. ADVERTISEMENT TikTok said it would appeal against the decision. The social media giant, which is owned by China-based ByteDance, has been under scrutiny from regulators around the world over how it handles personal data, and is also facing a ban in the United States over its China links, which the US government has said is a national security issue.