Douyin

New Business

E-commerce giants jump on China’s latest trade-in programme amid heated competition

China’s major e-commerce companies, from JD.com to Alibaba Group Holding, are rushing to take advantage of Beijing’s latest subsidies aimed…

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New Business

ByteDance leads China’s Big Tech sector in capital spending with US$11 billion for 2024

TikTok owner ByteDance was China’s biggest investor in technologies including artificial intelligence (AI) in 2024, with its outlay almost matching…

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New Business

Meituan to end late delivery penalty amid regulatory crackdown on algorithm misuse

Chinese food delivery giant Meituan will phase out a late delivery penalty in 2025 amid a crack down by regulators…

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New Business

‘Old money’ look is hot in China as nouveau riche glitz gets the cold shoulder amid slump

Not many parts of China’s economy have been able to withstand the post-pandemic slump. The housing market remains in the…

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New Business

China’s tax agency cracks down on influencers, online merchants amid shrinking revenue

China’s tax authority on Friday published a draft regulation that would require the operators of e-commerce, short-video and social media…

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New Business

Video of a robot leading a mass escape stokes laughs and fears over AI in China

In what looks like a scene from a dystopian nightmare, a robot built by a Chinese start-up was caught on…

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New Business

China’s second-richest man demands apology from ByteDance founder over online attacks

China’s second-wealthiest man on Wednesday made a surprise demand that the country’s richest man, founder of ByteDance, apologise for the…

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Tech

Meituan reports robust revenue, profit growth in second quarter on ‘value for money’ approach

China’s largest on-demand service provider Meituan reported on Wednesday a 21 per cent jump in second-quarter revenue, bolstered by steady…

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Tech

TikTok owner ByteDance hires prominent talent from start-ups in long-term commitment to AI

ByteDance, the owner of TikTok and its Chinese sibling Douyin, is furthering plans to boost its research capabilities in large…

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Tech

Temu owner PDD’s stock rout reflects ‘shaken investor confidence’, analysts say

A 28.5 per cent stock price plunge on Monday that wiped US$55 billion off the valuation of PDD Holdings, the…

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