ByteDance, the parent company of popular social media app TikTok, is on a mission to become China’s next “everything app” to rival the success of WeChat by Tencent. With most of its $80 billion annual revenue coming from social media ad revenue, ByteDance has been testing its Douyin app,...
In today’s top payments news around the world, Checkout.com has brought its valuation to $15 billion after the closing of a $450 million Series C funding round, while Pakistan has debuted a government-run instant digital payment infrastructure. Plus, Delivery Hero is launching an early-stage venture...
Alibaba may be blocked from a new program in China that would allow investors in Hong Kong to buy its stocks. The program is intended to link the Asian financial hub with Chinese investors. It’s a stock connector, and Alibaba could be excluded due to...
Global Economics Group (GlobalEcon) has branched out in China with the opening of an office in Shanghai, its second location in the country, the economic management consulting firm announced on Tuesday (Jan. 21). Since opening an office in Beijing in 2016, GlobalEcon has seen increased...
March 21, 2024
Apple’s new store opened in Shanghai on Thursday (March 21), with Tim Cook in attendance. The chief executive got “thunderous applause” from the crowd, according to a report by Bloomberg News, which notes that his appearance comes at a precarious time for Apple. Among the company’s various troubles: a less-than-thunderous response to its flagship iPhone in China recently. The […]
June 14, 2023
ByteDance, the parent company of popular social media app TikTok, is on a mission to become China’s next “everything app” to rival the success of WeChat by Tencent. With most of its $80...
February 12, 2020
Alibaba may be blocked from a new program in China that would allow investors in Hong Kong to buy its stocks. The program is intended to link the Asian financial...
January 21, 2020
Global Economics Group (GlobalEcon) has branched out in China with the opening of an office in Shanghai, its second location in the country, the economic management consulting firm announced on...
