Douyin's original head Kelly Zhang explained the initial process of the app's development in 2018 in this translated and annotated copy of her speech.
Alipay and WeChat Pay collectively take up over 90% of the digital payment market.
US-China tensions led Chinese institutional investors to look to cryptocurrencies as a safe haven—and a Bitcoin bull market didn't hurt.
The Tencent-backed video-sharing mobile app filed its preliminary prospectus for the IPO in November 2020.
Yesterday, ByteDance, the parent company of Hammer, made a new decision, pressing the pause button for Hammer and TNT. ByteDance has recently merged the Xinshi ... The post Hammer Won’t Make Nut Smartphones and TNT Products Anymore appeared first on
And funded by private venture that'll take a chunk of the damages for itself Chinese social media app TikTok is to be sued in the High Court as part of a class-action-style lawsuit due to be publicised by England's Children's Commissioner.…
Photo by Alex Wong/Getty Images President Trump has signed a new executive order prohibiting transactions with the companies behind eight Chinese apps, including Ant Group’s Alipay and Tencent’s QQ and WeChat Pay. Transactions will be prohibited in 45 days. Reuters was the first to report the news. The full list of apps includes: Alipay, CamScanner, QQ Wallet, SHAREit, Tencent QQ, VMate, WeChat Pay, and WPS Office. US Commerce Secretary Wilbur Ross confirmed that the Commerce Department will “begin implementing the E.O.’s directives, including identifying prohibited transactions.” Reuters reports that the Commerce Department will do so before Trump leaves office on January 20th, citing an unnamed official. The new orders follow two earlier ones from August that... Continue reading…
Illustration by Alex Castro / The Verge The Trump administration has gained some experience losing in court recently, and has suffered setback after setback in its stance that TikTok should be banned in the US. Still, its pursuit of the video sharing app continues. On Monday, the Department of Justice filed an appeal of a judge’s order that blocked restrictions on TikTok in the US from taking effect. US District Judge Carl Nichols issued an order December 7th that blocked the Commerce Department’s restrictions on TikTok, which would have prevented new downloads of the app from US app stores. Nichols’ order followed an October order from US District Judge Wendy Beetlestone in Pennsylvania, who issued an injunction against the ban. In that case, three content creators had... Continue reading…
Due to its higher spending on advertising and marketing, Chinese short video app, TikTok, records a loss of $119 million in the UK in 2019. Nevertheless, ... The post TikTok UK suffered a loss of $119 million in 2019 appeared first on
SummaryA new market study, titled “Global Remotely Working Software Market Size, Status and Forecast 2020-2026 ” has been featured on WiseGuyReports.This report focuses on the global Remotely Working Software status, future forecast, growth opportunity, key market and key players.The study objectives are to present the Remotely Working Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.The key players covered in this study Microsoft Alibaba Tencent Huawei ByteDance Slack Weaver Beijing Yidong Fenxiang Tecnology Kingdee Software Inspur Group Zoom Google ProofHub 37signals ScoroALSO READ: segment by Type, the product can be split into Audio and Video Conference Document Collaboration Enterprise Management Cloud Storage Comprehensive Type Market segment by Application, split into Large Enterprise SMEsMarket segment by Regions/Countries, this report covers North America Europe China Japan Southeast Asia India Central & South AmericaThe study objectives of this report are: To analyze global Remotely Working Software status, future forecast, growth opportunity, key market and key players.To present the Remotely Working Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by type, market and key regions.In this study, the years considered to estimate the market size of Remotely Working Software are as follows: History Year: 2015-2019 Base Year: 2019 Estimated Year: 2020 Forecast Year 2020 to 2026 For the data information by region, company, type and application, 2019 is considered as the base year.
Chen Lin, who heads ByteDance's education businesses, also serves as Dali Education's CEO.
The lawsuit comes as TikTok remains ensnared in a monthslong dispute with the Trump administration and faces a potential ban in the US.
According to reports, TikTok and its parent company ByteDance filed a lawsuit against rival Triller, over patent issues. Previously, Triller accused TikTok of using its ... The post TikTok and ByteDance file a lawsuit against rival Triller over patent issues appeared first on
ByteDance has withdrawn most of TikTok’s traffic from its content distribution service (Fastly network). This move shows that the US suppression is forcing ByteDance to ... The post ByteDance expunged most of TikTok’s traffic from Fastly Network appeared first on
Search giant Baidu is near a deal to acquire US-listed Chinese video-streaming platform Joyy's China operations in order to boost its livestream business.
The Beijing-based company has reportedly been in talks with banks such as Goldman Sachs for its IPO plans.
Ban falls under president's powers to protect national security, government lawyers argue.
Ban falls under president's powers to protect national security, government lawyers argue.
Illustration by Alex Castro / The Verge A judge in California has rejected a request from the Department of Justice to reverse a previous decision allowing WeChat to remain active in US app stores. US Magistrate Judge Laurel Beeler said new evidence the government presented did not change her opinion about the messaging app, owned by Chinese company Tencent app. WeChat will remain active in US app stores for the time being. “The record does not support the conclusion that the government has ‘narrowly tailored’ the prohibited transactions to protect its national-security interests,” Beeler wrote in her decision. The evidence “supports the conclusion that the restrictions ‘burden substantially more speech than is necessary to further the government’s legitimate interests.’”... Continue reading…
Today, short video remains a platform staple, but it’s far from the only type of video available on popular apps Douyin and Kuaishou.