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With 1.5 billion monthly active users, ByteDance pivots toward e-commerce

An e-commerce app is still absent in the app factory which has created TikTok and Jinri Toutiao.

1 min read

It looks like Malaysia might rethink its stance towards two-wheeled on-demand transportation.
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Gojek tests waters for Malaysia launch
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Both companies are seeking ways to cut costs.
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Nio and Didi may merge their autonomous driving businesses
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Manufacturing EV batteries locally is a key piece to India’s all-electric future as it’ll make EVs more affordable.
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Tesla seconds India’s bid to build more battery factories amid the country’s EV push
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Whilst Apple’s high pricing has made it fall behind Xiaomi, Samsung, Vivo and Oppo in India.
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India sees record smartphone shipment with Chinese brands dominate top rankings
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Peanut Diary has admitted “non-compliance” in its early stage of development.
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Social commerce platform fined for pyramid scheme raises RMB 300 million
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It also recently bagged Qimao Novels, a free literature app and the Q&A platform Zhihu, which is similar to Quora.
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Baidu buys stake in scientific Q&A platform Guokr.com to grow content portfolio
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Sequoia Capital China and Reinsurance Group of America are its investors too.
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Tencent leads USD 28.4 million Series B round for online insurance platform Xiaobangguihua
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A steady rise from USD 3 million in the same month a year ago. However, the app’s install base isn’t growing as fast as before.
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TikTok and Douyin users spent over USD 11 million in-app in July
2 mins read