UAE’S TIKTOK ‘CONNECTION’: There’s never a dull moment with TikTok around – and not just through all those videos being added to the digital platform every day. There’s just as riveting action behind the screens as well, with Abu Dhabi’s G42 making a $100 million investment play into ByteDance, the company that owns the hugely influential social media platform. G42 has plenty going for it currently, not least an IPO for one of its entities, presight.ai. With the ByteDance investment, G42 is taking its big-on-tech ambitions well beyond all physical boundaries. UAE mega-corporations are making full use of the windfall that’s accrued from oil and all the other positives that have come their way in these 2-3 years. And as the universe of TikTok users keep growing and adding more short-form videos, G42 is the one moving to the beat. (By Manoj Nair, Business Editor)
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