Douyin stagnated at the pre-holiday level of about 600 million DAUs.
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ByteDance has increasingly threatened e-commerce platforms such as Alibaba, JD.com, and Pinduoduo as shoppers crave interactive video content and livestreaming.
Akrostar is just one of many domestics chip companies that are gaining investors’ favor as the country seeks to be self-reliant in core technologies like semiconductors.