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China’s New Oriental fires live-streaming e-commerce platform CEO, promotes top influencer after corporate infighting

by Anas Siddiqui
China’s New Oriental fires live-streaming e-commerce platform CEO, promotes top influencer after corporate infighting

Chinese live-streaming e-commerce website East Buy fired its CEO after he made comments angering fans of a top influencer on the platform, ending a widely-watched corporate battle that reflects the …

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TikTok restarts e-commerce in Indonesia with US$1.5 billion investment in GoTo Gojek Tokopedia unit

by Anas Siddiqui
TikTok restarts e-commerce in Indonesia with US.5 billion investment in GoTo Gojek Tokopedia unit

Shares in GoTo, whose business includes ride-hailing, delivery and financial services, tumbled 8.3 per cent after the announcement, as some investors took profit from the stock’s recent rally on expectations …

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TikTok parent ByteDance offers share buyback at $268 billion valuation

by Edgar Davis
TikTok parent ByteDance offers share buyback at 8 billion valuation

Sheldon Cooper | LightRocket | Getty Images TikTok parent ByteDance plans to spend up to $5 billion buying back stock, a person familiar with the matter told CNBC, as one …

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Exclusive | TikTok owner ByteDance offers to buy back US$5 billion worth of investor shares as IPO prospects remain slim

by Anas Siddiqui
Exclusive | TikTok owner ByteDance offers to buy back US billion worth of investor shares as IPO prospects remain slim

Beijing-based ByteDance, the owner of TikTok, is offering to buy back up to US$5 billion worth of shares from existing investors as its initial public offering plan remains up in …

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Online housing sales festival kicks off as live-streamer Kuaishou aims to boost demand amid market slump

by Anas Siddiqui
Online housing sales festival kicks off as live-streamer Kuaishou aims to boost demand amid market slump

Kuaishou Technology, China’s second-largest short video platform after ByteDance’s Douyin, has launched an “online festival” to encourage home sales amid a deep property market slump in the country. The one-month …

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Exclusive | TikTok owner ByteDance joins generative AI frenzy with service for chatbot development, memo says

by Anas Siddiqui
Exclusive | TikTok owner ByteDance joins generative AI frenzy with service for chatbot development, memo says

ByteDance, the Chinese owner of TikTok, is working on an open platform that will allow users to create their own chatbots, as the company races to catch up in generative …

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People’s Daily calls for tighter control of live-streaming e-commerce in China as controversies mount

by Anas Siddiqui
People’s Daily calls for tighter control of live-streaming e-commerce in China as controversies mount

An opinion piece published by the chief mouthpiece of the Chinese Communist Party has called for tighter oversight of live-streaming e-commerce, a popular but controversial segment of the country’s online …

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Philippines launches TikTok ‘threat assessment’ as it considers partial ban

by Walter Watson
Philippines launches TikTok ‘threat assessment’ as it considers partial ban

The government of the Philippines will soon decide whether to forbid security employees from using the TikTok video-sharing app amid concerns over cyberespionage, according to a National Security Council official. …

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TikTok Owner Bytedance Poised to Close Games Businesses

by Kwame Phillips
TikTok Owner Bytedance Poised to Close Games Businesses

Bytedance, the unlisted Chinese tech giant that owns TikTok, is poised to slash most of its games operations, including Nuverse, which publishes ‘Marvel Snap.’ “We regularly review our businesses and …

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TikTok owner ByteDance axes hundreds of jobs in gaming unit

by Walter Watson
TikTok owner ByteDance axes hundreds of jobs in gaming unit

Sheldon Cooper | LightRocket | Getty Images TikTok parent company ByteDance is cutting hundreds of jobs in its gaming division, a person familiar with the matter told CNBC, marking a …

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