Douyin remains significantly ahead of Tencent-backed Kuaishou, which has targeted an end-January goal of 300 million daily active users.
Posted inOn the Cusp
Alipay releases annual individual user spending data
The annual Alipay data release quickly became the top trending topic on microblogging platform Weibo within hours.
Posted inHeavy Hitters
Baidu eyeing secondary Hong Kong listing: report
China’s largest search engine may be considering a listing on the Hong Kong exchange, following Alibaba’s November blockbuster offering.
Posted inViews
INSIGHTS | China tech at the start of the 2020s
The TechNode community ponders the end of a decade in China tech. What changed in 2019? What are we watching in 2020? What do you say about a whole decade?
Posted inTurf Wars
China grants bandwidth to fourth 5G operator
The new 5G player breaks a monopoly held by China’s three major carriers but faces an significant headwinds in grabbing market share.
Posted inWith Chinese Characteristics
Local governments begin Foreign Investment Law rollout
With the Foreign Investment Law now in force, Shanghai is among the first locality to grant business licenses in line with its provisions.
Posted inHeavy Hitters
TikTok says no user data requests from Chinese authorities in H1 2019
TikTok said 36% of all legal requests for user information it received in the first half of 2019 came from the Indian government.
Posted inHeavy Hitters
Tesla slashes price of China-built Model 3
Tesla may grab China market share with the price reduction from rivals including Nio and luxury carmarkers such as Mercedes Benz and BMW.
Posted inWith Chinese Characteristics
How tech is changing agriculture in China
Drones adoption in agriculture is rising, but it is too early to say what the will mean for farmers and the environment.
Posted inHeavy Hitters
Trip.com, Netease in talks for secondary Hong Kong listings
The filings from Trip.com and Netease may signal an influx of US-listed Chinese tech companies looking to jump on the dual-listing bandwagon.