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The startup claims to have 160 million active users on its main social networking app and 80 million on its short-video app, Moj.

“We are in the right place at the right time to increase our leadership in China’s large video-based market,” says CEO.

IPOs of Indonesian startups would produce a positive impact for the local ecosystem, says Widjaja.

Douyin stagnated at the pre-holiday level of about 600 million DAUs.

Bizzy Digital will handle partner acquisition relying on its established network.

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.

The 5G business offsets a loss in the smartphone division.