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Baidu deepens ties with Tencent-backed SaaS vendor Youzan for e-commerce enabled by mini programs
The search engine allocates USD 30 million for a minority stake in one of Youzan's subsidiaries.
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The two firms are edging towards commercialization of self-driving .
Pinduoduo's answer to Chinese Valentine's day is the so-called "Xixi Festival".
At the moment, ByteDance's Douyin is still the most popular app of its kind.
New funds are a life-or-death matter for China's EV makers.
It could make Didi's balance sheet look neater for now, but the ride-hailing company is still far from being profitable.
Tencent and ByteDance are locking horns on multiple fronts.
A cross-sector partnership.
Douyin, whose equivalent TikTok has found immense popularity beyond the Chinese mainland, has 320 million daily active users.