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TikTok owner ByteDance launches new video search tool, eyeing Baidu’s dominance

by Anas Siddiqui
TikTok owner ByteDance launches new video search tool, eyeing Baidu’s dominance

TikTok owner ByteDance has launched a stand-alone app in China to search for short video content published on Douyin, bringing it into closer competition with internet search giant Baidu. Douyin …

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ByteDance’s CapCut, Doubao top global AI app downloads, outpacing ChatGPT: report

by Anas Siddiqui
ByteDance’s CapCut, Doubao top global AI app downloads, outpacing ChatGPT: report

Video-editing app CapCut recorded 38.42 million downloads in July, while chatbot Doubao achieved 27.45 million downloads to outperform OpenAI’s ChatGPT, which had 19.81 million in the same period, according to …

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AI demand returns Alibaba Cloud to company growth engine as e-commerce slows

by Anas Siddiqui
AI demand returns Alibaba Cloud to company growth engine as e-commerce slows

AI investment has boosted the company’s revenue in search and recommendation scenarios, Chen said, and helped increase the frequency with which shoppers repurchase products on the company’s e-commerce platforms such …

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Chinese Big Tech to see big AI gains in social, educational and office use, report says

by Anas Siddiqui
Chinese Big Tech to see big AI gains in social, educational and office use, report says

Artificial intelligence (AI) adoption is primarily benefiting users in three areas – social and entertainment, education, and office collaboration – according to a new report, highlighting where the country’s technology …

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Alibaba revenue edges up to US$33.5 billion but misses estimates in June quarter

by Anas Siddiqui
Alibaba revenue edges up to US.5 billion but misses estimates in June quarter

“Our results this quarter demonstrated our strategy at work. Our focus on enhancing user experience by offering quality products at attractive prices with great service led to stabilising market share …

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Alibaba’s Lazada posts first monthly profit amid intense competition in Southeast Asia

by Walter Watson
Alibaba’s Lazada posts first monthly profit amid intense competition in Southeast Asia

Lazada, the Southeast Asian online shopping platform of Alibaba Group Holding, has achieved a monthly profit for the first time, according to an internal announcement. In an announcement during the …

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PDD-owned Temu’s first-half sales surge to US$20 billion, exceeding 2023 total: report

by Anas Siddiqui
PDD-owned Temu’s first-half sales surge to US billion, exceeding 2023 total: report

International online budget-shopping platform Temu, owned by Chinese e-commerce giant PDD Holdings, saw its gross merchandise value (GMV) surge to about US$20 billion in the first half of this year, …

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Latte make-up, cottagecore, girl dinner: how TikTok has changed the way social media works

by David Johnson
Latte make-up, cottagecore, girl dinner: how TikTok has changed the way social media works

Both the company, ByteDance, and TikTok have sued on First Amendment grounds. The First Amendment to the US Constitution protects the freedom of religion, speech, the press, assembly and the …

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China’s ByteDance is reportedly working with Broadcom to develop advanced AI chip

by Walter Watson
China’s ByteDance is reportedly working with Broadcom to develop advanced AI chip

Signage at a ByteDance offices in Beijing, China, on June 30, 2023.  Bloomberg | Bloomberg | Getty Images BEIJING — China’s ByteDance is working with U.S. chip designer Broadcom on …

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Chinese e-commerce sales up 14% during 618 shopping festival, report says

by Anas Siddiqui
Chinese e-commerce sales up 14% during 618 shopping festival, report says

Douyin, the Chinese version of TikTok, led all other platforms with a 26.2 per cent surge in GMV, followed by Pinduoduo’s 17.7 per cent and Kuaishou’s 16.1 per cent. Alibaba …

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