DOUYIN
China's crackdown on 'wealth-flaunting' social media puts pressure on influencers to echo the party line
Chinese regulators crack down on social media influencers flaunting wealth, contrasting with US mental health concerns. The campaign targets extravagant displays, reflecting wider fears of subversive views. Public support for authoritarian measures shapes the crackdown, including pressure on Taiwanese influencers. The effort aligns with China's goal of managing its vast online population under President Xi Jinping's watchful eye.
China's ByteDance working with Broadcom to develop advanced AI chip
China's ByteDance collaborates with U.S. chip designer Broadcom to develop a 5nm AI processor, ensuring a stable supply of high-end chips for TikTok and other apps amid U.S.-China tensions.
TikTok preparing a US copy of the app's core algorithm
TikTok is developing a clone of its recommendation algorithm for its U.S. users to operate independently from its Chinese parent, ByteDance, amid concerns over data privacy and political scrutiny.
Luxury influencers vanish from Chinese social media in wealth crackdown
Chinese social media censors have blocked multiple influencers known for showing off their lavish lifestyles after an official campaign to curb displays of ostentatious wealth online was announced. China's internet watchdog in April launched the "Clear and Bright" campaign to remove undesirable content from social media, vowing to crack down on influencers who created "ostentatious personas to cater to vulgar needs, and deliberately display extravagant lifestyles filled with money".
Chinese ecommerce giants face delicate balance between discounts, profit
Alibaba's earnings reports are crucial indicators for China's consumer sentiment, influenced by competition from Pinduoduo and Douyin. The demand for discounts affects revenue and profit margins, posing challenges for selling premium products.
'Livestream' shopping thwarts some high-tech tools to stop fake merch
Livestream shopping in the U.S. faces challenges with counterfeit goods influx. Technology by platforms like TikTok and Amazon aims to combat fakes, yet copyright violations persist in live videos. Patent lawyers emphasize the need for improved detection methods.
Chinese cat accidentally sets house on fire, causes Rs 11 lakh damage
A cat in China accidentally sets its owner's house on fire by turning on the induction cooker, causing over Rs 11 lakh in damages. The cat, named Jingoudiao, was playing in the kitchen when it stepped on the cooker's touch panel, igniting the blaze. Despite the damage, Jingoudiao escaped unharmed and became a viral sensation on social media. The owner, Dandan, humorously changed the cat's name to "Sichuan's most badass cat" and made it appear in live-streaming sessions to "compensate." Dandan later apologized online for the incident and vowed to pay more attention to fire safety in the future.
How TikTok grew from a fun app for teens into a potential national security threat
TikTok's tumultuous journey includes growth from a teen app to a global trendsetter, facing national security concerns and ownership disputes. The app navigates controversies, bans, and security issues, culminating in a congressional bill for a U.S. sale or ban.
ByteDance prefers TikTok shutdown in US if legal options fail: report
ByteDance considers shutting down TikTok over U.S. ban legislation, unlikely to sell due to crucial algorithms. China opposes forced sale. Mnuchin shows interest. ByteDance's secret: the TikTok algorithm.
ByteDance profits jump 60%, beating tech rivals: report
The profits of TikTok owner ByteDance jumped around 60 percent in 2023, Bloomberg reported Wednesday citing sources, beating online rivals Tencent and Alibaba. The reported results mark the first time that ByteDance has overtaken archrival Tencent in both revenue and profit, Bloomberg said, adding that the internal figures had not been independently audited.
Alibaba approves an additional $25 billion share buyback as its revenue disappoints
Alibaba posted a 5% increase in sales to 260.3 billion yuan ($36.67 billion) in the quarter that ended in December, slightly missing analysts' estimates. Net income sank to 14.4 billion yuan ($2 billion), down 77% compared to a year earlier.
China video app Douyin Group CEO resigns to take new role within ByteDance
Zhang Nan, who also uses the English first name Kelly, posted on her personal social media account on WeChat that she was resigning from the position, in a move confirmed by ByteDance.
Bytedance says Zhang Nan resigns as Douyin Group's CEO
Zhang posted on her personal social media account on WeChat that she was resigning from the position, in a move confirmed by ByteDance.
Chinese internet company Baidu posts modest revenue growth in September quarter
The company unveiled the newest version of its AI chatbot Ernie in October, claiming it rivalled the capabilities of OpenAI's ChatGPT. Baidu said in an earnings report on Tuesday it made a profit of $996 million in the three months through September, a year-on-year increase of 23%.
ByteDance testing content paywall on TikTok's sister app Douyin
The Chinese internet giant has recently started to allow some content creators with more than 100,000 followers to put part of their videos behind a paywall on Douyin, TikTok's sister app in China, the person said, declining to be named as the feature was still undergoing testing.
Alibaba banks on aggressive Singles Day pricing to recoup sales mojo
While Alibaba has announced that it will offer 80 million products at their lowest prices this year during Singles Day, which began in late October and stretches till November 11, the push to get merchants to toe its line is unusual for the company, they said.
Apple expands retail presence in China, opens store on WeChat platform
The move by Apple comes as Chinese consumers increasingly turn to social media platforms such as WeChat and ByteDance's Douyin, the Chinese version of TikTok, to shop.
Men step out most for buying grocery
Uttar Pradesh, Madhya Pradesh, Rajasthan and Bihar have the highest percentage of male shoppers, according to the data — 56-69%. By considering the cultural context, fast-moving consumer goods (FMCG) companies can better meet needs and preferences in different states, experts said. “Upon a quick comparison with the female literacy rate, a clear correlation emerges,” said Anshul Gupta, founder of Kirana Club.
China deletes 1.4 million social media posts in crackdown on 'self-media' accounts
The Cyberspace Administration of China (CAC) said it had closed 67,000 social media accounts and deleted hundreds of thousands of posts between March 10 and May 22 as part of a broader "rectification" campaign.
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