This move was “not totally unexpected, given investors have been waiting for more details in past years”, Jefferies equity analysts Thomas Chong and Zoey Zong said in a research note …
The Beijing High People’s Court on Friday ruled that Alibaba, owner of the South China Morning Post, “abused its market dominance” and conducted the monopolistic tactic known as “ picking …
In other words, ByteDance – which had divided itself into six units including gaming, education, TikTok, Douyin, enterprise collaboration platform Feishu and cloud service Volcano Engine – has drastically shrunk …
ByteDance’s sales surged in 2023 to more than US$110 billion, according to people familiar with the matter, potentially overtaking arch-foe Tencent Holdings in a sign TikTok’s fledgling e-commerce business is …
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 …
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 …
A courageous man in China has passed away at the age of 40 after a decades-long battle with a rare muscle disease, but his optimistic attitude to life has inspired …
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 …
TikTok owner ByteDance is making a big retreat from video gaming with hundreds of lay-offs at its main gaming unit, according to four sources briefed on the matter. Nuverse, ByteDance’s …
ByteDance’s Douyin, the Chinese sibling of TikTok that has over 600 million daily active users, has tightened its screening of advertisers in response to Beijing’s increased control of short video …