ByteDance, the owner of short video app TikTok and its Chinese version Douyin, has denied a news report saying the company’s profits jumped 60 per cent last year, as it plans two new apps – one to rival Instagram and another targeting European users –...
“Live-stream shopping in China is very influencer-driven. People watch live streams because they trust the influencer,” he said. “Whereas in the US, it’s still brand-focused. The relationship is between the brand and the customer, not an influencer.”Unlike mainland China’s influencer-driven live-streaming e-commerce segment, the direct...
The Chinese parent of TikTok has kept a safe distance from the troubles facing its short video app in the US, leaving the response to the local team and Singaporean CEO Chew Shou Zi as they face a possible legal battle against a forced sale...
The CNSA estimated this e-commerce segment was already worth hundreds of billions of dollars on the mainland. The state-run body reports to the National Radio and Television Administration (NRTA), China’s broadcasting regulator. 02:50China’s live-streaming industry heats up as millions of would-be hosts vie to break into...
The bill is headed to the US Senate, where both Democratic and Republican leaders have rejected the idea of fast-tracking its passage. 03:10Protests at US Congress after House passes bill that could potentially ban TikTok nationwideProtests at US Congress after House passes bill that could potentially...
ByteDance, the Chinese tech unicorn that is again facing a US ban of its flagship TikTok app unless it divests, has earned a “thumbs up” at home after rallying its young users against the legislation in an effort mirroring some of the more aggressive tactics...
The most used apps in China during the Lunar New Year holiday were familiar domestic social media and content platforms that have dominated the market for the past decade, according to government data.Among the apps that used the most cellular data during the nine-day holiday...
ByteDance-owned TikTok has called Universal Music Group (UMG) greedy after it threatened to pull songs, including those by Taylor Swift, Billie Eilish and Drake, from the hit short-video platform due to disagreements over compensation for artists.TikTok said that UMG “has put their own greed above...
Hong Kong filmmaker Stephen Chow Sing-chi, a popular actor in mainland China known as the king of comedy, has inked a deal with Douyin, the Chinese version of TikTok, to make an exclusive series, as A-list talent and Big Tech join hands to take...
A founding member of ByteDance’s flagship Douyin app, the Chinese version of TikTok, has left the tech giant to focus on his own start-up for cross-border e-commerce, as Chinese-backed peers like Shein and Temu gain traction worldwide.The new venture from Ren Lifeng,...