NewsWalmart-owned payment company PhonePe launches WeChat-like messaging featureWhatsApp has been struggling to launch its payment tool in India. 2 mins read
In February 2019, TikTok started monetizing its platform in India by opening it for advertisers. NewsIndians spent 5.5 billion hours on TikTok: App Annie3 mins read
TikTok owner ByteDance still generates most its revenue from China, despite the app’s rapid international expansion. NewsTikTok overtakes Facebook to become world’s second most downloaded app4 mins read
There are a total of five investors for the extended series A funding round. NewsFacebook founder, Sweetgreen CEO, and Northstar Group co-founder invest in Indonesia’s Kopi Kenangan2 mins read
ByteDance comes in second behind Alibaba but ahead of Baidu in China’s digital media spending market by revenue. InsightsTikTok owner ByteDance becomes second-largest digital ad player in China behind only Alibaba2 mins read
Users have concerns about giving tech companies their financial data, whether it’s Google, Apple, and Facebook in the US, or Alibaba and Tencent in China. InsightsTech companies vying to be the next banks are facing trust issues3 mins read
Gamers earn revenue through advertisements, tips & donations, and from subscribers. NewsYouTube sees gaming as its next growth driver in India3 mins read
“No two services are the same,” an Instagram spokeswoman said while acknowledging that TikTok is doing “big things” in the short video format. NewsInstagram takes on TikTok, Kwai in Brazil with new video-music remix feature2 mins read
India has over 300 million Facebook and WhatsApp users, and about 69 million Instagrammers. NewsMired in regulatory hurdles and snooping allegations, Facebook India’s profits jump 85%3 mins read
NewsDeals in brief: Qoala, StealthMole, and Applecrumby secure funding, HSBC unveils USD 1 billion growth fund, seven China deals, and more