Jiemian

New Business

China’s top fitness app said to lay off 15% of staff as users drop out

China’s largest online fitness platform Keep is said to be slashing over 100 jobs, the latest sign of tepid consumer…

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New Business

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

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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