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Xiaohongshu will turn its livestream shopping business into an independent unit as part of efforts to accelerate its monetization campaign. → Read More
Chinese social e-commerce app Xiaohongshu is gaining traction in the livestream shopping market thanks to actress Dong Jie's "soft" sell. → Read More
Economic recovery is China's top focus in the 2023 two sessions after three years of Covid restrictions. Consumer spending will be a key. → Read More
Duoduo Video, a vertical short video offering from Chinese e-commerce company Pinduoduo, is posing a challenge to Tencent’s WeChat Channels. → Read More
iQiyi posted a non-GAAP net profit of RMB 1.3 billion ($186.2 million) and a 5% fall in revenue from the previous year to RMB 29 billion. → Read More
MOSS, a ChatGPT-style platform developed by the Natural Language Processing Lab at China's Fudan University, crashed a day after its launch. → Read More
Baidu is weighing whether to embed its ChatGPT-like service into its search platform, akin to Microsoft’s Bing, or launch it independently. → Read More
Tencent is the latest tech company to overhaul its metaverse activities, less than a year after the company established its XR unit. → Read More
Guangzhou-based agricultural drone producer XAG recorded triple-digit growth last year in its overseas markets. → Read More
Shanghai-based online grocery company Dingdong Maicai reported its Q4 earnings for 2022, including its first ever quarterly GAAP profit. → Read More
Chinese gaming licenses continue to return to normal as Tencent, ByteDance, and NetEase are among those given the green light. → Read More
With ChatGPT sparking wide interests in China, at least five other major Chinese tech firms revealed plans related to the powerful AI tech → Read More
ByteDance-owned video platform Douyin, China’s equivalent of TikTok, plans to offer its “group-buying delivery” service in more cities. → Read More
TikTok is receiving more senior executives from China at a time when US officials continue to heighten scrutiny of the ByteDance-owned app → Read More
Chinese search engine giant Baidu is working on a ChatGPT-like bot service to embed into its search engine. Here’s what we know so far. → Read More
How much did consumer spending rebound during the 2023 Lunar New Year holiday? Here's a look at the data for travel, food, and more. → Read More
Chinese smartphone sales hit their lowest level in a decade as consumers delayed replacing their devices amid poor macroeconomic conditions → Read More
Chinese overseas online shopping apps were a bright spot in a year otherwise characterized by high inflation and weak demand. → Read More
ByteDance-owned short-video platform Douyin has set $22.2 billion as its target for local life service sales in 2023 as it challenges Meituan → Read More
All businesses under Tencent’s content unit achieved profitability at the end of 2022, largely thanks to the firm’s widespread cost-cutting. → Read More