Social media platform Xiaohongshu, known as China’s Instagram, has the wind at its back in its pursuit of an initial public offering in Hong Kong, as its commercialisation efforts pay off, according to sources briefed on the matter. The Shanghai-based company, which is influential among young Chinese women with its user-generated lifestyle content, has selected … Read more
China’s second-wealthiest man on Wednesday made a surprise demand that the country’s richest man, founder of ByteDance, apologise for the perceived role that TikTok’s Chinese sibling Douyin has played in “spreading rumours and misinformation”. Zhong Shanshan, 69 – founder and chairman of China’s largest packaged drinks company Nongfu Spring and the country’s second-richest person, according … Read more
US housing rents have jumped 19% to an average of $1,712 since 2019. While the rent increase was the least, at 1%, in the past year, renewed demand from renters could mount further upward pressure on rental pricing as new homes hit the tight real estate market. Furthermore, many potential first-time homebuyers are choosing to … Read more
Seoul: The antitrust regulator said on Thursday it has decided to fine e-commerce giant Coupang 140 billion won ($12.44 million) for using unfair search algorithms and uploading false product reviews to boost sales of its own private-label items. The Fair Trade Commission (FTC) also referred the company, as well as one of its subsidiaries, Coupang … Read more
Chinese state media have warned that job interviews conducted by AI could worsen gender and age discrimination and violate labour laws as the country seeks to leverage the technology for its economic recovery. The official Economic Daily on Monday called on employers to be aware of potential risks while using the technology, highlighting that artificial … Read more
Beijing-based ByteDance late on Thursday rejected a report by US digital publication The Information, which said that it was “exploring scenarios” to sell a majority stake in TikTok’s US operations to firms outside the technology industry and without the algorithm that powers the platform. In a statement posted on its Jinri Toutiao news platform, ByteDance … Read more
A shutdown would have limited impact on ByteDance’s business while the company would not have to give up its core algorithm, said the sources, who declined to be named as they were not authorised to speak to the media. ByteDance declined to comment. It said late on Thursday in a statement posted on Toutiao, a … Read more
An article published by the Beijing Daily, the official newspaper of the Chinese Communist Party’s Beijing Municipal Committee, said the measure against TikTok is tantamount to a “robbery” that would “completely destroy American national credibility, which is already flawed”. United States President Joe Biden speaks after signing into law the foreign aid bill and a … Read more
Opinions expressed by Entrepreneur contributors are their own. Link building is an essential cornerstone of any solid SEO strategy, and with Google’s continued trend towards machine learning in its algorithms and rewarding sites that display relevance, quality, and authority, building a healthy link profile is harder than ever. In this post, we’ll look at 10 … Read more
