Fancy An Electric, 3/4 Scale Bugatti For Parent And Child Alike? Meet The Little Car Company

On the surface, the story of 1988 Le Mans winner Andy Wallace testing a new Bugatti, for whom he works as official test driver, doesn’t sound at all unusual.

On hearing that the Bugatti in question is electric, you might wonder what new battery-powered hypercar the company is working on, perhaps in relation to the rumors of it joining Rimac. But then you’re told of the circa-£30,000 ($40,000) starting price and quickly run out of ideas.

The key here is the size of said Bugatti. At 75 percent, this newly-built, officially-sanctioned Type 35 replica is built by The Little Car Company, a British firm setting out to give children and their parents alike the ultimate automotive plaything.

Hand-built at The Little Car Company’s new facility at Bicester Heritage in Oxfordshire, England, the miniature replica is a reimagining of

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TikTok and parent company ByteDance have sued rival app Triller

A man holding a phone walks past a sign of Chinese company ByteDance’s app TikTok, known locally as Douyin, at the International Artificial Products Expo in Hangzhou, Zhejiang province, China October 18, 2019.

Reuters

Social media app TikTok and its Chinese parent ByteDance are fighting back in a patent infringement case that has been brought by smaller rival Triller in the U.S., according to a report from Bloomberg published late Wednesday.

The companies filed a case in San Francisco federal court Wednesday in response to a patent infringement lawsuit that social video platform Triller filed in July. The patent in question relates to creating music videos synchronized with audio.

Triller told Bloomberg that TikTok and ByteDance had been infringing its patents and using its technology for years. ByteDance reportedly denies this and argues that Triller’s allegations have “cast a cloud” over its business.

ByteDance is now requesting a court order

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TikTok parent ByteDance in IPO talks to list Douyin and other businesses

Douyin logo on a stand at The First International Artificial Products Expo Hangzhou on October 18, 2019 in Hangzhou, Zhejiang Province of China. ByteDance runs Douyin, the Chinese version of TiKTok.

VCG | Visual China Group | Getty Images

Chinese technology giant ByteDance is in early stage talks to list some of its businesses including Douyin, a person familiar with the matter told CNBC.

Last week, ByteDance spoke with investment bankers to explore the possibility of an initial public offering (IPO) for some of its divisions, the person said, without wanting to be named because the discussions were private.

Earlier this year, ByteDance spoke to both the Shanghai and Hong Kong stock exchanges, the person said. No timeline or listing venue has been decided.

ByteDance, which is headquartered in Beijing, declined to comment on this story when contacted by CNBC.

Reuters first reported that ByteDance is in discussions to list

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