As Richemont acknowledges the declining influence of China on luxury shopping, Kering is seeking to delve deeper into the market, aiming to connect with consumers who remain eager to spend. The company has introduced Gucci’s newly opened flagship store, now accessible on China’s JD.com. This...
China’s internet regulator has introduced regulations to keep kids from spending too much time online. The rules issued by the Cyberspace Administration of China (CAC) amount to some of the toughest restrictions on internet use on the planet, Bloomberg reported Wednesday (Aug. 2), and could...
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,...
Today in retail, Grove brings its sustainable cleaning products into three more retail chains, while Conn’s CEO sees payment options for everyone. Plus, Pinterest adds new shopping features, grocery sales are critical to Walmart’s last-mile transformation, U.S. retail spending was up 9.5% in June and...
August 02, 2024
Apple is reportedly pressuring the makers of China’s most popular apps — WeChat and Douyin — to stop allowing in-app creators to steer users to payment systems outside the Apple platform. The iPhone maker has threatened to reject updates to WeChat from Tencent Holdings and to Douyin from ByteDance unless the companies close those loopholes, […]
August 02, 2023
China’s internet regulator has introduced regulations to keep kids from spending too much time online. The rules issued by the Cyberspace Administration of China (CAC) amount to some of 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 08, 2021
China’s Douyin, the Chinese version of TikTok, is suing fellow internet titan Tencent over allegedly monopolistic behavior. According to CGTN, the Beijing Intellectual Property Court has accepted Douyin’s case. Douyin...