Kuaishou

JD Finance was penalized in July for developing the ad, which featured a lending app.

The short video company’s share price has nosedived by 80% from its peak in February.

Kuaishou is increasing user engagement, leading to more e-commerce conversion as brands flock to the platform to sell and market their products.

State agencies now hold 1% share and board seat at domestic unit.

In the name of protecting minors, an article by People’s Daily took aim at the country’s video providers.

The Douyin rival is expanding its content range to include useful information in areas like childcare, financial literacy, and legal matters.

Older shoppers are becoming more comfortable with making purchases on short-video apps while tech companies make adjustments to cater to their needs.

Chinese names take nine of the top ten spots in Asia, with Coupang as the sole exception.