Indiana’s AG sues TikTok for deceiving users about China’s access to data and for exposing kids to mature content, in the first US state lawsuits against TikTok (Cecilia Kang/New York Times)

New York Times:
Under increasing pressure in the US, ByteDance and TikTok shift their strategy for dealing with officials by going on the offense and speaking out publicly  —  Keeping its head down has not paid off for the company, which now faces regulatory pressure on many fronts.  So it is starting to speak out.

Zheping Huang / Bloomberg:
Kuaishou reports Q3 revenue up 12.9% YoY to ~$3.2B, beating estimates, and a ~$378M net loss, holding its own against ByteDance and China’s slowing economy  —  Kuaishou Technology’s revenue beat estimates, holding its own against a slowing Chinese economy and competition from TikTok owner ByteDance Ltd.

New York Times:
Former TikTok and ByteDance staff say TikTok CEO Shou Zi Chew’s power is limited, with ByteDance’s founder and other executives making most decisions  —  Shou Zi Chew, TikTok’s chief executive, is balancing how to be an autonomous leader while juggling the demands of the app’s Chinese parent company.

Wall Street Journal:
Sources: ByteDance plans to expand its Resso music streaming service globally, starting with over a dozen markets excluding the US, and integrate it into TikTok  —  Company is negotiating with labels as it seeks more than a dozen new global markets  —  TikTok parent ByteDance Ltd …

Cecilia Kang / New York Times:
Google agrees to a record $391.5M privacy settlement with a coalition of 40 state AGs over charges it misled users into thinking they disabled location tracking  —  Under the agreement, which state attorneys general said was the largest U.S. internet privacy settlement …

Coco Feng / South China Morning Post:
Sources: ByteDance CFO told staff that it has no plans to go public; report: CEO Liang said the company plans to reduce input into noncore businesses  —  TikTok ‘s parent company ByteDance , the world’s most valuable unicorn, has no plans to go public, its chief financial officer told employees …