ByteDance’s Douyin emerges as fast-rising rival to e-commerce giants Alibaba, JD and PDD

ByteDance’s Douyin emerges as fast-rising rival to e-commerce giants Alibaba, JD and PDD

ByteDance’s Douyin, the domestic sibling of TikTok, has emerged as a rising contender in the Chinese e-commerce market once dominated by Alibaba Group Holding and JD.com, despite slowing growth. The Beijing-based short-video platform, which has been aggressively expanding into the online shopping business, increased gross merchandise volume (GMV) by 46 per cent year on year … Read more

8/27: America Decides – CBS News

8/27: America Decides – CBS News

8/27: America Decides – CBS News Watch CBS News Trump reindicted for resisting 2020 election peaceful transfer of power; Foo Fighters claim Trump campaign’s use of “My Hero” was unauthorized Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Read original article here Denial … Read more

Tencent profit jumps 82%, beating estimates after strong video gaming, ad growth

Tencent profit jumps 82%, beating estimates after strong video gaming, ad growth

“Looking forward, we continue to invest in our platforms and technologies including AI, enabling us to create new business value and better serve user needs.” The Tencent Games booth seen at the annual China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai on July 26, 2024. Photo: AFP Video gaming sales, traditionally … Read more

Tencent super app WeChat strikes fine balance as everyday tool and public-service platform

Tencent super app WeChat strikes fine balance as everyday tool and public-service platform

Super app WeChat, operated by video gaming and social media giant Tencent Holdings, continues to strike a delicate balancing act between its role as a major revenue stream for the Shenzhen-based company and a vital public-service platform in mainland China, according to analysts. With more than 1.3 billion monthly active users (MAUs), the 13-year old … Read more

China’s top live-streaming influencer Dong Yuhui departs East Buy to pursue own venture

China’s top live-streaming influencer Dong Yuhui departs East Buy to pursue own venture

The 31-year-old Dong, a former teacher who gained fame and wealth in China’s live-streaming e-commerce sector, left his employer because of “career aspirations, commitment to his other pursuits and personal time arrangements”, Hong Kong-listed East Buy said in a filing on Thursday. Dong’s resignation is effective immediately. As part of that departure, East Buy agreed … Read more

Kamala Harris hits campaign trail in Wisconsin as likely presidential nominee, touts past as prosecutor

Kamala Harris hits campaign trail in Wisconsin as likely presidential nominee, touts past as prosecutor

Kamala Harris hits campaign trail in Wisconsin as likely Democratic nominee Kamala Harris hits campaign trail in Wisconsin as likely Democratic nominee 03:03 Vice President Kamala Harris is in the battleground state of Wisconsin for her first campaign rally since she launched her presidential campaign. “The path to the White House goes through Wisconsin,” Harris … Read more

Trump delivers 2024 Republican National Convention speech

Trump delivers 2024 Republican National Convention speech

Trump delivers 2024 Republican National Convention speech – CBS News Watch CBS News Former President Donald Trump closed Day 4 of the 2024 Republican National Convention with a speech, his first major public remarks since the assassination attempt at a Pennsylvania campaign rally. Watch his full remarks. Be the first to know Get browser notifications … Read more

Special counsel David Weiss says Hunter Biden verdict about “illegal choices,” not addiction

Special counsel David Weiss says Hunter Biden verdict about “illegal choices,” not addiction

Washington — Special counsel David Weiss commented Tuesday afternoon on the guilty verdict in Hunter Biden’s gun trial, saying the case “was about the illegal choices” he made while battling a drug addiction.  “While there has been much testimony about the defendant’s use of drugs and alcohol, ultimately, this case was not just about addiction, a … Read more

Alibaba courts CEOs to start live-streaming on Taobao during 618 shopping festival

Alibaba courts CEOs to start live-streaming on Taobao during 618 shopping festival

Alibaba Group Holding is pushing CEOs to live-stream on its domestic e-commerce platform Taobao, as the tech giant ramps up efforts to win back consumers from rising rival Pinduoduo and other budget-focused platforms during China’s midyear shopping festival. Taobao launched a new live-streaming service on Wednesday that features business executives looking to promote their companies … Read more