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Football: China state broadcaster reaches World Cup deal with FIFAChina Media Group has secured broadcasting rights for four World Cup tournaments. This deal covers the men's events in 2026 and 2030, and t...- China’s Netflix expects AI to create bulk of shows in five yearsIQiyi Inc. is set to transform its operations, anticipating AI will generate most films and shows within five years. The company is launchi...
- China hits food delivery platforms with 3.6 bln yuan fine for 'ghost' deliveriesChina has imposed hefty fines on seven major e-commerce platforms for serious food safety breaches. Companies like Taobao, Meituan, Pinduod...
- India vs. China: TikTok founder Zhang Yiming is China's richest person but is only half as wealthy as India's Mukesh AmbaniByteDance founder Zhang Yiming is now China’s richest person with net worth of $49.3 billion. India's richest man Mukesh Ambani has a signi...
- China's ecommerce giant Alibaba misses first-quarter revenue estimatesAlibaba's first-quarter revenue fell short of market expectations, impacted by cautious consumer spending in a struggling Chinese economy. ...
- ByteDance testing content paywall on TikTok's sister app DouyinThe Chinese internet giant has recently started to allow some content creators with more than 100,000 followers to put part of their videos...
- 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...
- 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...
- Alibaba, ByteDance share algorithm details with Chinese regulatorAlgorithms used by tech companies like Alibaba and Bytedance are closely guarded globally, but in March, China rolled out regulations oblig...
- China regulator says Alibaba, Tencent have submitted app algorithm detailsThe rules are part of a broad regulatory crackdown by Beijing against its once free-wheeling technology sector.
- ByteDance to reorganize, CFO steps down to focus on TikTokThe move comes after ByteDance shelved its plan to go public in April and said it had no imminent plans for an initial public offering. It ...
- Chinese social media platforms to ‘rectify’ financial self-media accountsThis follows an announcement by Cyberspace Administration of China that it would look into accounts that have repeatedly released financial...
- TikTok owner ByteDance launches share buyback after shelving IPO plansIn an email sent to current and former employees this week, ByteDance said eligible shareholders can apply to sell their holdings by June 2...
- ByteDance says it has no immediate plans for public listingByteDance last month hired former Xiaomi executive Shou Zi Chew to a newly-created role as chief finance officer, suggesting the tech compa...
- 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'...
- TikTok owner's sales doubled to $35 billion despite US banThe Chinese company managed to grow operating profit to roughly $7 billion in 2020 from less than $4 billion the prior year.
- TikTok owner ByteDance in fundraising talks that will value it at $180 bln -sourcesThe company is discussing the round with existing investors including Sequoia Capital and General Atlantic to raise around $2 billion for t...
- Beijing unlikely to approve ByteDance's TikTok deal with Oracle, according to Global TimesByteDance has said it will create a U.S. subsidiary partly owned by U.S. majors Oracle and Walmart and managed mainly by Americans, to paci...
- 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...
- TikTok is aiming at a bigger audience than U.S. SenatorsFor TikTok to be a true success, it needs to appeal to the likes of Nike, Coca-Cola and McDonald’s. Its advertising business is ready to ta...
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