Douyin Local Life is testing a "Shopping on the Way Price" feature, allowing users to pay for group-buy orders and see other group-buy items within 1 km at prices below the regular rates, known as "Shopping on the Way, Exclusive Offer." This feature aims to attract more merchants to join Douyin Local Life and encourage users to make more purchases on Douyin through subsidies, enhancing Douyin's strategy of "store identifyin...
Oracle acknowledged in its annual report that a U.S. ban on TikTok could negatively affect its business. President Biden has demanded that TikTok's owner, ByteDance, sell the app within nine months to avoid a ban due to concerns about user data being accessed by China. Oracle provides cloud services for TikTok, which has over 150 million U.S. users. If these services are disrupted, Oracle's revenues and profits could suffer. This concern dates bac...
- The Federal Trade Commission (FTC) referred its complaint against TikTok and its parent company, ByteDance, to the U.S. Department of Justice (DOJ). - The investigation stems from a 2019 settlement with Musical.ly, TikTok's predecessor, over violations of the Children's Online Privacy Protection Act (COPPA). - The FTC believes TikTok may be violating or about to violate federal laws prohibiting unfair and deceptive business practices. - TikTok C...
Following TikTok Shop's merger with Indonesian rival Tokopedia in January, Bloomberg quoted sources as saying that the Indonesian e-commerce department of ByteDance, TikTok's parent company, will unroll its first round of layoffs, involving about 450 jobs. It is reported that the job cut will begin this month at the earliest, and the number of employees involved is equivalent to about 9% of the total number of employe...
XIAOMI's AI assistant, "Xiaoai Classmate," has teamed up with ByteDance's cloud service platform, Volcano Engine. By integrating ByteDance's self-developed "top seed" technology, this partnership allows "Xiaoai Classmate" to better understand user needs, offering richer and more comprehensive content services with faster response times. $XIAOMI-W(01810.HK)$$ByteDance(FT0001)$$Bytedance Concept Stocks(LIST1266.HK)$
$ByteDance(FT0001)$$Bytedance Concept Stocks(LIST1266.HK)$ByteDance refuted claims that TikTok suggested handing over control to the US government by 2022, calling the reports false and urging against spreading misinformation. This denial followed a Washington Post report stating TikTok proposed giving the US more control to alleviate national security concerns, a proposal allegedly rejected by the White House. Prop...
ByteDance, the owner of TikTok, would opt to shut down the app rather than sell it if legal avenues to challenge US legislation banning the platform are exhausted, according to four sources familiar with the matter.$ByteDance(FT0001)$$Bytedance Concept Stocks(LIST1266.HK)$ The algorithms integral to TikTok's operations are considered essential to ByteDance's overall functions, making a sale of the app with these...
Oracle provides cloud services for TikTok, which has over 150 million U.S. users. If these services are disrupted, Oracle's revenues and profits could suffer. This concern dates bac...
$Cainiao Smart Logistics Network Limited(810537.HK)$ $Ant Financial Concept(LIST0362.SH)$ $Ant Group Related(LIST1287.HK)$ $BABA-SW(09988.HK)$ $Alibaba(BABA.US)$ $ByteDance(FT0001)$ $Bytedance Concept Stocks(LIST1266.HK)$ $KraneShares CSI China Internet ETF(KWEB.US)$
- The investigation stems from a 2019 settlement with Musical.ly, TikTok's predecessor, over violations of the Children's Online Privacy Protection Act (COPPA).
- The FTC believes TikTok may be violating or about to violate federal laws prohibiting unfair and deceptive business practices.
- TikTok C...
It is reported that the job cut will begin this month at the earliest, and the number of employees involved is equivalent to about 9% of the total number of employe...
By integrating ByteDance's self-developed "top seed" technology, this partnership allows "Xiaoai Classmate" to better understand user needs, offering richer and more comprehensive content services with faster response times.
$XIAOMI-W(01810.HK)$ $ByteDance(FT0001)$ $Bytedance Concept Stocks(LIST1266.HK)$
This denial followed a Washington Post report stating TikTok proposed giving the US more control to alleviate national security concerns, a proposal allegedly rejected by the White House.
Prop...
$TENCENT(00700.HK)$ $Tencent(TCEHY.US)$ $ByteDance(FT0001)$ $Bytedance Concept Stocks(LIST1266.HK)$ $NTES-S(09999.HK)$ $NetEase(NTES.US)$
- Pinduoduo's 2023 GMV: ¥4.05 trillion.
- Douyin E-commerce's 2023 GMV: Approximately ¥2.7 trillion (though initially reported as ¥2.2 trillion, the higher figure includes contributions from "product cards").
- Douyin E-commerce's 2024 GMV Target: ¥4 trillion, nearly a 50% increase from 2023.
Comparison with Major E-commerce Players:
- Alibaba's 2023 GMV: ¥7.2 trillion.
- Pinduoduo's 2023 GMV: ¥4.05 trillion.
Strategic Moves:
- Price...
The algorithms integral to TikTok's operations are considered essential to ByteDance's overall functions, making a sale of the app with these...
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