NewsByteDance plans to set up a separate entity in IndiaOver the past few weeks, TikTok has come under fire in India due to objectionable content. 3 mins read
ByteDance has gained a 15% stake in Lanxiong, which has most of its stores in northern China. NewsCHINA BRIEF | ByteDance invests in chain store for hotpot ingredients1 min read
In April alone, TikTok generated USD 78 million in revenue, surpassing Youtube. NewsCHINA BRIEF | TikTok owner ByteDance’s 2019 net profit exceeded USD 3 billion1 min read
Kuaishou looks to JD.com’s supply chain and logistics to boost sales through livestreaming. NewsKuaishou and JD.com ink partnership to boost presence in China’s booming livestream e-commerce industry2 mins read
About 86.6% of TikTok’s user spending in April was generated in mainland China, followed by 8.2% in the United States NewsTikTok user spending hits USD 78 million in April, leads YouTube to become world’s top-grossing non-game app2 mins read
The world’s most valuable startup continues its horizontal expansion while targetting international markets. Visual StoriesKEY STAT | TikTok owner ByteDance waltzs into USD 100 billion valuation club2 mins read
The firm’s value has risen more than a third within two years. NewsCHINA BRIEF | ByteDance’s market capitalization hits between USD 100 billion and USD 140 billion1 min read
The disposal of ByteDance’s stock will represent a gain of investment of around USD 66 million. NewsCHINA BRIEF | Cheetah Mobile’s stocks soar 47% after announcing special cash dividend and disposal of equity ownership in ByteDance2 mins read
The site is one of China’s largest medical information portals. NewsCHINA BRIEF | ByteDance acquires online medical encyclopedia Baikemy.com1 min read
NewsDeals in brief: Valtor secures Wavemaker backing, Qapita raises Series B funding, Accel and Peak XV invest in Supabase, and more