ByteDance Tag

18 Jan TikTok owner ByteDance looks to expand in US, Canada and Australia amid rising competition and political headwinds

Posted at 12:00h in Asia

ByteDance, which owns global short video hit TikTok, is looking to expand in Silicon Valley in the United States, and also in Canada and Australia as the sector continues to boom and amid rising competition.The company is in talks to sublease a large office building...

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17 Jan China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

Posted at 10:00h in Asia

“In the future, internet companies need to be more open-minded and inclusive to promote truly win-win cooperation in the industry,” the Securities Times article said.Increased collaboration between China’s major internet companies are expected to not only benefit consumers, but help further expand the industry, according...

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15 Jan Internet titans bury the hatchet as Tencent allows Douyin to air Honour of Kings videos amid ByteDance retreat

Posted at 13:00h in Asia

Honour of Kings, the blockbuster video game from market leader Tencent Holdings, will return to ByteDance’s short video app Douyin as the two internet giants bury the hatchet following the TikTok owner’s decision to exit the sector.The Shenzhen-based social media and gaming giant and Beijing-based...

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15 Jan Alibaba, TikTok woo US with AI and live-streaming e-commerce at CES trade show, setting the tone for 2024

Posted at 10:00h in Asia

“With advances in AI, we are ushering in the next generation of sourcing and empowering small businesses to succeed with our Smart Assistant at their side,” Chris Lu, general manager at Alibaba.com North America, said in a statement last week.The Alibaba.com booth features the e-commerce...

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14 Jan China’s Big Tech firms from Tencent to Alibaba cut external investments further in 2023 amid troubled economy

Posted at 03:00h in Asia

China’s internet giants from Alibaba Group Holding to Tencent Holdings slashed external investments last year amid an economic slowdown, regulatory headwinds and geopolitical tensions, according to data compiled by a Chinese consultancy.Total investment deals made by Alibaba, Tencent and Baidu plunged by nearly 40 per...

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12 Jan Tencent’s e-commerce drive takes off in 2023 on the back of super app WeChat’s short video and live streaming function

Posted at 11:30h in Asia

WeChat’s short video and live streaming function enabled the platform to record nearly triple gross merchandise volume (GMV) in 2023, according to information released on Thursday during the app’s annual Open Class Pro developer conference held in Guangzhou, capital of southern Guangdong province.While the...

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09 Jan Alibaba’s DingTalk updates workplace collaboration app with new AI agent amid growing client demand

Posted at 13:00h in Asia

Alibaba Group Holding’s DingTalk launched an updated version of its workplace collaboration app on Tuesday with the addition of an artificial intelligence (AI) agent function to help users streamline and customise their workflow.The development comes amid a flurry of activity in the AI sector as...

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08 Jan CES 2024: Chinese tech giants Alibaba, ByteDance lead China’s return to premier consumer electronics show in Las Vegas

Posted at 10:00h in Asia

Chinese companies have returned to Las Vegas for CES in full force this year, with more than double the number of exhibitors compared with last year, including big names like ByteDance and Alibaba.com, as companies try to shake off Covid-era blues with overseas growth.CES...

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04 Jan PDD halts development of local services offering to avoid head-on competition with Meituan and Ele.me, report says

Posted at 12:00h in Asia

E-commerce giant PDD Holdings has halted work on its local life services offering, avoiding head-to-head rivalry with Meituan, Alibaba Group Holding and ByteDance, whose Douyin short video app has also dipped a toe into the sector.PDD has “completely halted [development of] the local services business”,...

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03 Jan ByteDance’s Douyin makes instant refunds mandatory, following PDD, Taobao and JD.com amid fierce e-commerce competition

Posted at 10:36h in Asia

Douyin, the Chinese version of TikTok that is betting big on e-commerce, has made its “express refund” policy mandatory, forcing merchants to immediately return money to consumers upon request to compete with similar offerings on Taobao and Pinduoduo.The platform operated by Beijing-based ...

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