ByteDance

The tech company is involved in more than just TikTok and Jinri Toutiao.

Kwai is the second Chinese app to exit the Indian market. Earlier this month, ByteDance-owned Vigo Video also exited India market.

Data may provide clues about current consumer confidence in China.

The global market for video games is forecast to reach USD 159.3 billion this year, with mobile games making up about half of that.

TikTok’s owner set an annual revenue goal of RMB 200 billion, while more than 80% of its 2019 revenue was from online advertising.

The growing sector gives video-sharing platforms an opportunity to gain presence in the e-commerce industry.

Less than 1% of music streamers in India pay for the paid subscription, but that is about to change.

Last year, ByteDance signed a strategic cooperation agreement with the Shenzhen government to set up a Greater Bay Area headquarters in the city.