Xi's $270 billion Middle East bet limits China support for IranChina's substantial investments across the Middle East, particularly in green tech and tourism, are now jeopardized by regional conflict. D...
10 Apr, 2026, 08.27 AM IST
How TikTok's parent, ByteDance, became an AI powerhouseByteDance is also using the data as the linchpin of a growing business in artificial intelligence. The company has invested billions of dol...
11 Apr, 2025, 03.44 PM IST
Chinese ecommerce giants face delicate balance between discounts, profitAlibaba's earnings reports are crucial indicators for China's consumer sentiment, influenced by competition from Pinduoduo and Douyin. The ...
13 May, 2024, 07.31 AM IST
China video app Douyin Group CEO resigns to take new role within ByteDanceZhang Nan, who also uses the English first name Kelly, posted on her personal social media account on WeChat that she was resigning from th...
07 Feb, 2024, 04.24 PM IST
Bytedance says Zhang Nan resigns as Douyin Group's CEOZhang posted on her personal social media account on WeChat that she was resigning from the position, in a move confirmed by ByteDance.
07 Feb, 2024, 11.56 AM IST
China's ecommerce platforms not doing enough on climate: GreenpeaceIn a report ranking the environmental record of six of China's ecommerce giants, Greenpeace said the discount online shopping platform Pind...
09 Nov, 2023, 05.24 PM IST
Alibaba banks on aggressive Singles Day pricing to recoup sales mojoWhile Alibaba has announced that it will offer 80 million products at their lowest prices this year during Singles Day, which began in late...
31 Oct, 2023, 04.44 PM IST
Alibaba fourth-quarter revenue rises 2%Alibaba Group Holding Ltd. reported fourth-quarter revenue that missed expectations, as Chinese consumer spending has gained some momentum ...
18 May, 2023, 04.55 PM IST
Tencent bets big on WeChat Channels in push to build its own TikTokWeChat Pay became the second-biggest player in China's mobile payment market within a year of its 2013 launch, behind Alipay which is owned...
13 Jan, 2023, 02.19 PM IST
US game software developer Unity to set up China JV for expansionThe JV, named Unity China, will shortly start building local custom versions of its core products for game developers and will become the e...
10 Aug, 2022, 10.11 PM IST
TikTok owner ByteDance's revenue growth slowed to 70% in 2021Chinese tech giants from Tencent to Alibaba have reported slowing growth amid a wide-ranging crackdown by the country's regulators who have...
21 Jan, 2022, 09.25 AM IST
China tech crackdown: Tencent to allows WeChat users access to rivals' linksWeChat will implement the changes in phases—starting with allowing users to access links in private, one-to-one chats once they upgraded to...
17 Sep, 2021, 05.23 PM IST
ByteDance says it will downsize fintech business, plans to sell stock broker opsByteDance also operates Douyin Pay, its own third-party mobile payment, to facilitate users on e-commerce transactions on short video app D...
02 Sep, 2021, 12.05 PM IST
ByteDance considers listing Douyin in New York or Hong Kong: ReportThe company had also been considering listing some of its Chinese businesses including news aggregator Toutiao in Hong Kong or on Shanghai'...
31 Mar, 2021, 05.46 PM IST
TikTok owner ByteDance launches Douyin Pay, its mobile payment service for China"The set-up of Douyin Pay is to supplement the existing major payment options, and to ultimately enhance user experience on Douyin," Douyin...
19 Jan, 2021, 04.10 PM IST
TikTok-owner ByteDance to rake in $27 billion in ad revenue by year-end-sourcesThe company's overall revenue goal for 2020 is around $30 billion, Reuters previously reported, which means ByteDance's ad revenue in China...
11 Nov, 2020, 04.44 PM IST
Report claims ByteDance links with China’s ‘Party-state’ establishmentThe findings of this report come close on the heels of TikTok suspending an American teen, Feroza Aziz, from its platform for posting a vid...
03 Dec, 2019, 11.26 AM IST