ANN/THE STRAITS TIMES – Alibaba Group and JD.com reported sales increases during China’s most important shopping festival, yet likely lagged newer entrants from social media platforms like ByteDance’s Douyin during a muted year for consumer spending. Analysts hunted for clues after China’s two e-commerce leaders again failed to disclose overall revenue numbers during Singles’ Day, […]
Messaging and payment app WeChat, microblogging platform Weibo, Douyin, China s version of Tik Tok, search engine giant Baidu, social ecommerce app Xiaohongshu, video sharing website Bilibili, among others, published separate statements regarding the same.