Tencent set to hit e-commerce sales milestone in 2023, closing in on short video rivals ByteDance, Kuaishou
Tencent Holdings has quietly made inroads into the Chinese short-video e-commerce industry and is mobilising resources to build up its capabilities to take on ByteDance and Kuaishou, according to local media reports. This year, the social media giant is on track to achieve 100 billion yuan (US$13.9 billion) in e-commerce gross merchandise value (GMV) – … Read more
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