Douyin

China’s tax agency cracks down on influencers, online merchants amid shrinking revenue

by
China’s tax agency cracks down on influencers, online merchants amid shrinking revenue

China’s tax authority on Friday published a draft regulation that would require the operators of e-commerce, short-video and social media platforms to report the income of merchants and influencers. Under the current draft, which is soliciting public feedback until January 19, internet platform operators must report the identity, income and other tax-related information about revenue-generating … Read more

Apple in talks with Tencent, ByteDance to bring AI to iPhones in China, report says

by
Apple in talks with Tencent, ByteDance to bring AI to iPhones in China, report says

Apple is in early-stage talks with Tencent Holdings and ByteDance in a bid to introduce its Apple Intelligence to mainland China, where the smartphone maker is required to partner with a local AI model provider, Reuters reported on Thursday. Apple has faced a slow process in trying to bring its new AI features to mainland … Read more

Fund of ByteDance founder Zhang Yiming gets Hong Kong asset management licence

by
Fund of ByteDance founder Zhang Yiming gets Hong Kong asset management licence

A private investment fund created last year by billionaire Zhang Yiming – founder of TikTok’s Chinese parent company ByteDance – has received a licence from Hong Kong’s securities regulator to conduct asset management, paving the way for the young entrepreneur to use Hong Kong as a base to manage his wealth. The Securities and Futures … Read more

Chinese social media Xiaohongxu moves closer to IPO as profits surge in 2024, sources say

by
Chinese social media Xiaohongxu moves closer to IPO as profits surge in 2024, sources say

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 massive Confucius cultural project gets AI boost with ByteDance donation

by
China’s massive Confucius cultural project gets AI boost with ByteDance donation

Chinese internet giant ByteDance has donated 25 million yuan (US$3.4 million) to digitise a national cultural project that is compiling all known Confucius classics, with the help of artificial intelligence. ByteDance, the parent company of Douyin, the Chinese version of TikTok, said the donation would support the compilation and digitisation of the Ruzang, or “Confucian … Read more

Alibaba to sponsor Lunar Year Spring Festival Gala to reach China’s thrifty consumers

by
Alibaba to sponsor Lunar Year Spring Festival Gala to reach China’s thrifty consumers

Alibaba Group Holding has won the sponsorship for the 2025 Spring Festival Gala show, China’s most-watched event of the year, as the e-commerce giant reaches out to consumers to regain growth momentum. The Hangzhou-based company signed a deal with China Media Group (CMG), which owns state broadcaster China Central Television, to be the “exclusive e-commerce … Read more

Chinese retailer Miniso’s founder slams ByteDance-owned Douyin for exorbitant fees

by
Chinese retailer Miniso’s founder slams ByteDance-owned Douyin for exorbitant fees

Douyin, the Chinese version of TikTok with domestic e-commerce operations, has been slammed for charging exorbitant promotion fees amid insufficient sales by the head of Chinese budget retailer Miniso Group, which runs multiple stores on the ByteDance-owned platform. Miniso founder and chief executive Ye Guofu, 47, levelled his criticism of Douyin via his WeChat post … Read more

Huawei aims for 100,000 apps on home-grown HarmonyOS Next as it gears up for Mate 70 launch

by
Huawei aims for 100,000 apps on home-grown HarmonyOS Next as it gears up for Mate 70 launch

Huawei Technologies has called on more developers to support its HarmonyOS mobile platform ecosystem as the Chinese tech giant gears up for the launch of its highly anticipated Mate 70 series smartphones, a move that could challenge Apple’s iOS and Google’s Android in China. “Having 100,000 applications is a symbol of maturity for the HarmonyOS … Read more

China sets deadline for Big Tech to clear algorithm issues, close ‘echo chambers’

by
China sets deadline for Big Tech to clear algorithm issues, close ‘echo chambers’

Tech operators in China have been given a deadline to rectify issues with recommendation algorithms, as authorities move to revise cybersecurity regulations in place since 2021. A three-month campaign to address “typical issues with algorithms” on online platforms was launched on Sunday, according to a notice from the Communist Party’s commission for cyberspace affairs, the … Read more

Alibaba bets on retailing chief Jiang Fan to bolster e-commerce momentum

by
Alibaba bets on retailing chief Jiang Fan to bolster e-commerce momentum

Jiang, 39, who has been serving as chief executive of Alibaba International Digital Commerce Group (AIDC), was appointed by the Hangzhou-based tech conglomerate on Thursday to lead the newly formed Alibaba E-commerce Business Group. The new unit will integrate Taobao and Tmall Group (TTG), AIDC, 1688 Marketplace, Idle Fish and the other e-commerce operations of … Read more