Douyin

China’s second-richest man demands apology from ByteDance founder over online attacks

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China’s second-richest man demands apology from ByteDance founder over online attacks

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

Alibaba, JD.com claim big win in Singles’ Day sales as consumer spending bounces back

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Alibaba, JD.com claim big win in Singles’ Day sales as consumer spending bounces back

Alibaba Group Holding and JD.com wrapped up their respective Singles’ Day promotions this year, with both Chinese e-commerce giants claiming strong results that signify a rebound in domestic consumer spending during the world’s largest annual shopping festival. Taobao and Tmall Group (TTG), Alibaba’s domestic e-commerce business unit, on Tuesday said its Singles’ Day campaign had … Read more

Alibaba sees Singles’ Day campaign pay off with strong sales in 4 popular categories

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Alibaba sees Singles’ Day campaign pay off with strong sales in 4 popular categories

Alibaba Group Holding says this year’s Singles’ Day campaign has seen strong demand in four product categories – home appliances, consumer electronics, beauty and apparel – in a sign of consumer-spending recovery on the mainland, as the world’s largest online shopping festival drew to a close on Monday. Taobao and Tmall Group (TTG), Alibaba’s domestic … Read more

ByteDance adds video generator to China’s most popular AI chatbot Doubao

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ByteDance adds video generator to China’s most popular AI chatbot Doubao

TikTok parent ByteDance is adding video-generation ability to its ChatGPT alternative Doubao, as the short-video giant doubles down on a potential blockbuster in China’s fast-growing generative artificial intelligence (AI) market. The Doubao chatbot – powered by its namesake large language model (LLM), the same underlying technology behind ChatGPT – has started testing a new video … Read more

Alibaba sellers are getting a sweeter deal this Singles’ Day as new policies bear fruit

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Alibaba sellers are getting a sweeter deal this Singles’ Day as new policies bear fruit

When Alibaba Group Holding held its eleventh Singles’ Day shopping festival in 2019, it culminated in Shanghai that November with a performance by American pop sensation Taylor Swift to help get consumers in a cheerful mood. Five years later, China’s largest e-commerce company decided a party for the world’s largest online shopping festival was no … Read more

Exclusive | Chinese internet censors ban anti-West firebrand Sima Nan for a year

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Exclusive | Chinese internet censors ban anti-West firebrand Sima Nan for a year

Two sources familiar with the situation told the Post that the ban on the highly controversial Chinese online influencer known for his strong anti-West hot takes was expected to last for a year. Both sources declined to comment on the reason for the ban. “He was banned across the platforms for a year. But I … Read more

Alibaba’s Singles’ Day sales see strong demand for designer toys, pet products

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Alibaba’s Singles’ Day sales see strong demand for designer toys, pet products

Alibaba Group Holding has highlighted strong demand for emerging product categories such as designer toys and pet products during the Singles’ Day shopping festival, in the latest sign of a recovery in consumer sentiment in the world’s second-largest economy. The Singles’ Day event, the world’s largest online retail extravaganza, has seen strong growth in sales … Read more

China takes down fake news about its military, closes social media accounts

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China takes down fake news about its military, closes social media accounts

Chinese internet regulators are removing social media accounts that use fake information to hype the country’s military strength, including false reports of “cyberwarfare” in the South China Sea. A sample post from June on Douyin, China’s version of TikTok, read: “Breaking news: China and the US engaged in 12 hours of cyber warfare, causing Luzon … Read more

TikTok owner ByteDance faces flagging growth as e-commerce rivals, geopolitics take toll

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TikTok owner ByteDance faces flagging growth as e-commerce rivals, geopolitics take toll

TikTok owner ByteDance has been losing momentum in 2024, with slower revenue growth and narrower profit margins for the first three quarters compared with last year, according to local media. Revenue growth “significantly” slowed for the first nine months of the year, while profit margins slimmed for the first time since 2022, Chinese tech media … Read more

Alibaba, JD.com, Pinduoduo launch campaigns for Singles’ Day shopping festival on same day

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Alibaba, JD.com, Pinduoduo launch campaigns for Singles’ Day shopping festival on same day

Taobao and Tmall Group, Alibaba’s domestic e-commerce business unit, launched at 8pm on Monday the presale stage of its promotion for Singles’ Day – also known as 11.11 or Double 11, referring to the shopping extravaganza originally observed on November 11 – as the company anticipates a record-high volume of users taking part in this … Read more