BEIJING/HONG KONG The founder of China's ByteDance, owner of the wildly successful TikTok app, has for years aspired to make ByteDance the first Chinese firm to rival U.S. internet giants on the global stage. On Thursday Zhang Yiming made a key move to achieve that.
BEIJING Beijing-based ByteDance, owner of global short video hit TikTok, on Thursday appointed new heads for its China business and set a goal to nearly double its global headcount to 100,000 by the end of the year.
BEIJING Ant Financial, an affiliate of Chinese e-commerce giant Alibaba, will start allowing third-party vendors to offer services such as food delivery and hotel bookings on its Alipay mobile payment platform in an expansion beyond its financial services focus.
Baidu Inc, China's biggest search engine company, said first-quarter revenue could fall as much as 13% from a year earlier as the coronavirus epidemic puts the brakes on economic activity and advertising.
BEIJING/SHANGHAI Spooked by a sneeze or a cough, Chinese consumers are turning to online consultations in droves for advice about possible coronavirus symptoms - a boon for a fledgling industry that has struggled to win over customers. | Video
HONG KONG/BEIJING China's ByteDance, the owner of video-sharing app TikTok, will appoint an executive to exclusively lead its nascent gaming business, sources said, signalling its growth ambitions in the sector and an intensifying rivalry with tech giant Tencent.
U.S. President Donald Trump on Friday will declare a national emergency over the fast-spreading coronavirus, opening the door to providing more federal aid to fight the disease under the Stafford Act, according to a source familiar with the declaration.