A bookseller generating 1 million to 1.5 million yuan daily during the June 18 shopping festival has become a success story for Tencent to tout its Douyin rival The Shenzhen-based tech giant is cutting fees and boosting support for live-streaming merchants as it looks to grow its short video platform to profitability Zhao Jian used to run a massive bookstore in Nanjing that covered 9,000 square metres; now he runs a one-man shop online in front.
Shenzhen University wants to cultivate more ‘outstanding entrepreneurs’ like Tencent founder Pony Ma Huateng, but the call comes as private entrepreneurship in China is on the decline.
Using Tencent’s self-developed AI algorithm, the new hearing aid provides about 85 per cent improved sound clarity and speech intelligibility compared with similar devices in the market.