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TikTok's e-commerce business has undergone business adjustments in the past few months. Notably, the platform has introduced a new model for its e-commerce project codenamed Project S. In simple terms, Project S operates with a full custody model. Under the model, merchants are only responsible for supplying goods, while the platform covers operations and fulfillment.
The China Foreign Trade Centre confirmed Thursday that China's tech giant Tencent has become the technical service provider for the 127th Canton Fair.
Kuaishou and Suzhou's Municipal Government have recently signed a strategic cooperation agreement that will see future investment in high-quality resources promote the settlement of Kuaishou's e-sports headquarter in Suzhou.
Xuan De, vice president of Alibaba and head of Taobao Live, announced that all livestreamers will have access to at least 100 million products from Tmall, and the charging model for influencer marketing would be reformed.
ByteDance's short video sharing app Douyin, the Chinese mainland version of TikTok, will launch a brand-new recommendation application called "Kesong."