NewsKEY STAT | Tiktok and Douyin are the top-grossing apps worldwide for the seventh monthApproximately 86% of TikTok’s revenue came from Douyin in China. 2 mins read
Alibaba’s famous shopping festival gives customers a longer window to capitalize on discounts this year. NewsAlibaba tests extended 11/11 shopping festival amid increasing competition3 mins read
China’s two biggest short video platforms are racing to an IPO. NewsDouyin rival Kuaishou files for Hong Kong IPO, reveals loss of over USD 10 billion in first half3 mins read
The short video service is mainly looking for experienced candidates in e-commerce, gaming, and education. NewsByteDance plans to hire 10,000 employees in two months amid fast expansion2 mins read
SN and JD.com’s JDG had an “e-retailer derby” in the League of Legends tournament. NewsSuning’s SN lost at LoL Worlds finals but keeps strong in ‘Double 11’ e-commerce competition2 mins read
Tencent, which has backed Kuaishou since 2017, will be a cornerstone investor in the IPO. NewsAlibaba and Jack Ma’s YF Capital to join Kuaishou’s upcoming Hong Kong IPO2 mins read
Dali Education is just the beginning of a long journey in the industry, ByteDance founder Zhang Yiming said. NewsByteDance debuts new brand to reignite its education business2 mins read
The events industry has been slow to adopt technology, but the pandemic has changed everything. Q&AEvents will be mostly hybrid, says GlobalSign.in CEO5 mins read
Meituan first released livestreaming features in April, allowing tourist sites to introduce themselves to potential visitors amid the COVID-19 pandemic. NewsMeituan rolls out livestreaming tools for educational businesses1 min read
