NewsCHINA BRIEF | TikTok owner ByteDance’s 2019 net profit exceeded USD 3 billionIn April alone, TikTok generated USD 78 million in revenue, surpassing Youtube. 1 min read
Kuaishou looks to JD.com’s supply chain and logistics to boost sales through livestreaming. NewsKuaishou and JD.com ink partnership to boost presence in China’s booming livestream e-commerce industry2 mins read
About 86.6% of TikTok’s user spending in April was generated in mainland China, followed by 8.2% in the United States NewsTikTok user spending hits USD 78 million in April, leads YouTube to become world’s top-grossing non-game app2 mins read
The world’s most valuable startup continues its horizontal expansion while targetting international markets. Visual StoriesKEY STAT | TikTok owner ByteDance waltzs into USD 100 billion valuation club2 mins read
The firm’s value has risen more than a third within two years. NewsCHINA BRIEF | ByteDance’s market capitalization hits between USD 100 billion and USD 140 billion1 min read
The disposal of ByteDance’s stock will represent a gain of investment of around USD 66 million. NewsCHINA BRIEF | Cheetah Mobile’s stocks soar 47% after announcing special cash dividend and disposal of equity ownership in ByteDance2 mins read
The site is one of China’s largest medical information portals. NewsCHINA BRIEF | ByteDance acquires online medical encyclopedia Baikemy.com1 min read
Tencent’s enterprise version of WeChat saw huge user growth during the outbreak period as it embraced the transition to remote work. Visual StoriesKEY STAT | 220 million people hosted online meetings on WeChat Work2 mins read
Bytedance is a latecomer in the IoV sector filled with players including Alibaba, Tencent, and Baidu. NewsByteDance steers into automobile sector with plans to integrate Douyin and Toutiao into cars2 mins read
NewsDeals in brief: Carro and Dat Bike raise funding, Terra Oleo debuts with seed round, six new China deals, and more