Short video surpasses instant messaging to become the most used internet application by daily usage time in China.
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The southern tech hub is launching China’s first public test of the official digital currency.
The second-hand luxury market only accounts for about 5% of the Chinese luxury industry in 2019.
Favored by millennials, the video site is to file a secondary listing, following the steps of its US-listed Chinese peers.
Roughly a third of China’s internet users watched livestreaming e-commerce in the first six months of 2020.
And its one last competitor Tencent Weibo just closed up shop.
From shareholders and leadership to operations and finance, Ant Group has Alibaba’s DNA right from the start.
The firm whose business includes facial recognition for pigs is expecting a USD 2.93 billion IPO.