2020 has turned out to be an unpredictable year, but these 10 Chinese mobile apps have emerged successful in overseas markets, attracting new global users and hitting new DAU records.
High profile livestreamer Xin Ba has been fined 900,000 yuan ($138,000) for selling counterfeit bird’s-nest soup, in the latest dispute related to false advertising in China’s booming livestreaming industry.
Chinese short-video company Kuaishou Technology, TikTok’s competitor, is planning to go public in Hong Kong on Feb. 5 with a target valuation of $50 billion, according to Chinese media outlet 36Kr.
The China Audio-Video Copyright Association (CAVCA) on Nov. 7 announced plans to sue Kuaishou for infringing on the recording producer rights of 5 songs and the music copyrights of millions of videos.
On the evening of Nov 5, Beijing time, Chinese short video giant Kuaishou officially submitted its prospectus to the Hong Kong Stock Exchange, ending the months long speculation as of when the company is to go public.
The most popular sales platforms such as Taobao, Douyin, Kuaishou, all have their own star live streamers. Here are the hottest e-commerce live streamers from each platform in 2020.
TikTok and Triller rival Zynn is paving its own path. The short video sharing platform that has always embraced inclusivity and diverse content is now taking a step further to emphasize on its values.
Kuaishou’s e-commerce platform Kwaixiaodian announced on Sept. 16 that its e-commerce orders in August 2020 exceeded 500 million and its daily active users (DAU) surpassed 100 million.
The Covid-19 Pandemic in 2020 has made a huge impact on the global economy and consumer market.