Douyin

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Alibaba’s Taobao and ByteDance’s Douyin seek e-commerce price war detente with new policies

Two of China’s leading e-commerce platform operators, Alibaba Group Holding and TikTok owner ByteDance, have started to adjust their focus…

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Tech

China’s Xiaohongshu carves out a niche in an increasingly crowded e-commerce market

Chinese social media platform Xiaohongshu, the Instagram-style app where young consumers to share lifestyle tips, is seeking to become a…

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Tech

ByteDance-owned Douyin said to miss first-half e-commerce sales goal amid weak consumption

ByteDance-owned Douyin, the Chinese version of global hit short video platform TikTok, missed its target gross merchandise value (GMV) in…

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Tech

China’s top live-streaming influencer Dong Yuhui departs East Buy to pursue own venture

The 31-year-old Dong, a former teacher who gained fame and wealth in China’s live-streaming e-commerce sector, left his employer because…

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Tech

TikTok owner ByteDance’s China head debuts on Fortune’s list of most powerful women in business

In her current role, she oversees ByteDance’s star product line-up including TikTok’s Chinese counterpart, Douyin, which she was also previously…

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New Business

Alibaba sees AI talent depart to start own business amid China’s unicorn boom

Algorithm engineer Zhou Chang, who worked on the Tongyi Qianwen large language models (LLMs), has decided to leave Alibaba’s cloud…

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Tech

China’s foldable smartphone market heats up with Samsung-ByteDance AI pact, Xiaomi launch

Beijing-based Xiaomi – the world’s third-largest smartphone vendor in the June quarter, according to research firm IDC – is expected…

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Tech

Tencent-backed video-sharing app Kuaishou wins green light from Hong Kong to raise up to US$6 billion

Beijing-based Kuaishou Technology, the world’s second-largest video-sharing app, has won the green light from Hong Kong to raise roughly US$5…

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Tech

Tencent-backed Kuaishou’s IPO overbought 1,200 times by retail investors, sets record

Tencent-backed Kuaishou Technology wrapped up the first mega IPO of the year on Friday. It set the final offer price…

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Tech

ByteDance-owned TikTok explores local services markets in Indonesia and Thailand

TikTok, the global hit short video platform owned by ByteDance, is set to jump into Southeast Asia’s local services sector,…

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