Douyin

ByteDance, the Chinese tech powerhouse behind TikTok and Douyin, is charging ahead in the AI race, and it’s doing so with a very big chip on its shoulder—or rather, chips. In a bold move to expand its artificial intelligence (AI) footprint, the company is set to spend up to $7 billion in...

Tencent Holdings Ltd (OTCPK:TCEHY) (OTCPK:TCTZF) is harnessing the power of AI to shake up the digital advertising space in a big way. In an exclusive interview with Benzinga, Derek Yan, senior investment strategist at KraneShares, said that the Chinese tech giant is positioning itself to maintain...

Leading Chinese company ByteDance saw strong 2023 profits, which come as the company's TikTok unit faces a potential ban in the U.S. What Happened: As ByteDance faces a potential ban of TikTok in the U.S. or a forced sale of the unit, the company is seeing record annual profit. On Wednesday,...

Reckitt Benckiser Group (OTC:RBGLY) (OTC:RBGPF) is leveraging the popularity of livestream shopping in China to sell condoms, a move that could be challenging due to strict regulatory oversight. What Happened: The British consumer goods company, which owns the Durex brand, is testing the waters of...

In a surprising move, Chinese e-commerce behemoth JD.com Inc (NASDAQ:JD) has disclosed plans for significant salary increments for its workforce in 2024, notwithstanding a volatile Chinese consumer market. What Happened: JD.com is set to nearly double the fixed salaries of its procurement, sales,...

In a move that has sparked concerns about privacy and doxxing, China’s leading social media platforms have announced that “self-media” accounts with over 500,000 followers will be required to disclose real-name information. What Happened: Several top Chinese social media...

Weibo Corporation (NASDAQ:WB), often referred to as China’s Twitter (now rebranded as X) counterpart, reportedly plans to mandate top influencers, those with more than one million followers, to display their real names on the platform, raising concerns about online privacy in...

Tesla Inc.’s CEO Elon Musk is unsure about his Chinese lookalike being “real” after the latter’s shirtless boxing video surfaced on social media.  What Happened: Musk’s intrigue surrounding his uncanny Chinese doppelgänger, Yilong Ma, has been reignited by a...

Key Takeaways: Douyin and TikTok parent ByteDance posted $25 billion in EBITDA last year, beating Tencent and Alibaba The company has lost more than half of its value following repeated attacks on its popular TikTok app in the west By Tina Yip Hong Kong’s frigid office leasing market got a...

The popular Chinese social media platform Douyin is displaying the price of Bitcoin (CRYPTO: BTC) in its search results, possibly indicating a shift in China's stance on cryptocurrencies. Despite tight control over social media in China, Douyin has more than 700 million daily...

A Taiwanese boy has said he was banned from TikTok's Chinese version, Douyin, for calling President Xi Jinping "a fatty." What Happened: In a YouTube video, Taiwanese-Canadian Daniel Ku was seen asking several Taiwanese citizens about their opinion on China's...

Chinese tech giant Tencent Holdings Ltd. (OTC: TCEHY) is planning to shut down its content creation app Kandian next Monday as part of a broader strategy to become more efficient, the South China Morning Post reported. What Happened: Kandian will shut down...

A possible IPO for TikTok's Chinese parent company ByteDance appears to still be a long way off. What Happened: According to the South China Morning Post (SCMP), ByteDance Ltd.’s plans for an initial public offering have been put on hold. Citing unidentified sources, the...

Microsoft Corporation (NASDAQ: MSFT) is looking to buy all of TikTok’s global operations, and not just in four countries as previously indicated, according to a Financial Times report Thursday. What Happened The Redmond, Washington-based company is looking to scoop up the short-form...