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While the short-term outlook is weak, the long-term opportunity remains analysts say.
This should come as good news for ByteDance after setbacks in the US and India.
China will be the second largest spender after the United States
Growth of China’s public and private cloud markets is about twice that of the global growth rate.
Chinese tech VCs gain global influence
Chinese tech brands are gaining influence outside their home markets, says a recent BrandZ report by the world’s largest ad agency WPP and market researcher Kantar Millward Brown. The report she
Online audio platforms are used by 82% of the country’s online population
Fintech startups cornered the most funding last year, surpassing e-commerce and other sectors
SoftBank affiliated funds and Alibaba’s Taobao are the biggest backers behind Tokopedia.
Shopee, started in 2015 as the e-commerce arm of NYSE-listed Sea Group, has had a phenomenal rise.
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