Company Index
Douyin
Douyin
NEWS
Pinduoduo's "refund only" policy, designed to enhance consumer protection by permitting refunds without returns, has been exploited by fraudsters, resulting in significant financial losses for merchants and fostering a black and gray market industry chain. Fraudsters exploit shipping insurance by ordering items with shipping insurance and returning empty packages or different items, profiting from the difference between shipping costs and insurance compensation, bolstering a complex black market. Efforts to curb these abuses are hampered by covert, dispersed fraudulent networks, adaptive tactics, and jurisdictional complexities, causing ongoing distortions in e-commerce ecosystems despite advancements in risk control measures.
Aug.10 2024 13:22 PM
- Over 50 publishers are boycotting JD.com's request for steep discounts during the "618" shopping festival, citing unsustainable pricing pressures.
- Publishers are leveraging platforms like Douyin for direct sales to regain pricing power, amid concerns of inflated book prices and declining profits.
- The book market faces challenges from piracy, price wars, and changing consumer habits, with live streaming emerging as a significant sales channel.
Jun.15 2024 13:14 PM
- JD.com faced significant resistance from publishers during the "618" shopping festival due to aggressive pricing strategies that reduce book prices below production costs.
- Both Alibaba and JD.com are adopting more aggressive low-price strategies in response to market demands and Pinduoduo's success in attracting traffic with lower-priced goods.
- Various e-commerce platforms, including Temu and Douyin, are dealing with challenges related to maintaining low prices, managing merchant conflicts, and balancing consumer trust and product quality.
Jun.15 2024 12:54 PM
The drop came after Xiangpiaopiao’s popularity soared as photos of people holding its products in Japanese stores with slogans slamming Tokyo’s discharge of nuclear waste water stirred nationalistic sentiment and boosted sales
May.10 2024 19:50 PM
- Chinese internet giants like Tencent, Alibaba, and ByteDance are breaking down competitive barriers and collaborating in areas such as gaming, advertising, and office software amidst regulatory encouragement for "wall-breaking" to foster a more interconnected digital ecosystem. This shift comes as companies face economic pressures, stricter regulations, and the need to focus on core businesses for sustainable growth.
- The internet sector is experiencing a slowdown with traditional high-growth areas like e-commerce and advertising under pressure due to macroeconomic challenges and changing consumer behaviors. Companies are refocusing on their main revenue drivers, shedding less successful ventures, and streamlining operations to adapt to the new market realities.
- Despite overall market challenges, platforms like Pinduoduo and ByteDance's TikTok (and its e-commerce platform Temu) have shown remarkable growth by capitalizing on low-price strategies and international expansion. This has led other companies to adjust their strategies towards more cost-effective offerings and explore new opportunities for growth outside of China.
Apr.13 2024 12:44 PM
The addition will allow the platform to compete with heavyweights like Alipay and Meituan
Apr.8 2024 19:21 PM
Kelly Zhang departure comes after ByteDance CEO said company needed to adopt a sense of crisis
Feb.8 2024 05:29 AM
Tesla cuts prices in China, Tencent-ByteDance ceasefire holds with livestream deal
Jan.16 2024 19:42 PM
The agreement will allow the popular battle arena game to be streamed on Douyin in the wake of a longrunning tussle over copyrights
Jan.15 2024 19:31 PM
- The live-streaming e-commerce industry in China has seen a series of controversies involving top influencers, known as "super-heads," such as Li Jiaqi and Xinba, who have faced issues related to price control and competition with other sales channels. This has led to regulatory attention on product quality, pricing, and unfair competition.
- Direct live-streaming sales have grown rapidly compared to traditional e-commerce, with the Ministry of Commerce reporting over 2.2 trillion yuan in sales from live streaming from January to October 2023, accounting for 18.1% of online retail sales. However, there is increasing pressure on super-heads as brands seek new strategies and diversify their marketing budgets away from relying solely on these top influencers.
- The case of Dongfang Zhenxuan (Oriental Selection) and its head anchor Dong Yuhui highlights the power dynamics within the live-streaming industry. After an incident where Dong's fans reacted strongly against perceived undermining by the company's management, Dong was given more independence and recognition within the company, reflecting a shift towards acknowledging the significant value that popular anchors bring to their platforms.
Dec.30 2023 13:55 PM
- On Black Friday, November 24, U.S. online sales hit a record $9.8 billion, with Chinese e-commerce platforms like Temu, SHEIN, and TikTok Shop overshadowing Amazon's performance. TikTok Shop saw a 215% increase in GMV (Gross Merchandise Volume) during the event compared to the previous month and a fourfold increase on Black Friday itself.
- TikTok's e-commerce service is leveraging its nearly 1 billion monthly active users worldwide to diversify revenue streams beyond advertising and live streaming. The company has prioritized its business in the U.S., where it has over 150 million monthly active users, by recruiting staff and focusing on localizing operations to mitigate political risks.
- Political challenges persist for TikTok with concerns over content influencing young voters in democracies and potential bans due to national security issues. Despite these challenges, TikTok continues to expand its e-commerce footprint globally while navigating complex geopolitical landscapes and regulatory environments.
Dec.9 2023 14:05 PM
Tencent could net much-needed revenue from merchants peddling products live online — but few users stick around long enough to buy
Jul.26 2023 20:12 PM
Under the agreement, the firms will explore working together on joint promotion of long and short videos as well as generation of secondary content
Apr.7 2023 19:03 PM
Tencent’s super app sees new profits in Channels’ 813 million users as it races against a similar drive by ByteDance’s Douyin
Mar.9 2023 05:12 AM
Like ByteDance’s TikTok, the Douyin video sharing app deploys live-streaming in the competition for consumers in the online marketplace
Mar.6 2023 07:53 AM
ByteDance unit seeking new revenue experiments in Beijing, Shanghai and Chengdu with diving into the $66.4 billion sector
Feb.17 2023 06:54 AM
Shares drop the most in two months as competition in China’s delivery arena heats up, posing threat to profitability
Feb.9 2023 05:05 AM
The Chinese tech giant is leaning on Channels to boost slowing growth in its core gaming business and other divisions
Jan.11 2023 14:24 PM
Kuaishou Technology is on track to beat ByteDance to a public listing, but that’s just about the only metric the company is leading on
Dec.4 2020 20:15 PM
Search giant combines Haokan and Quanmin to get bigger share of $19.3 billion market
Nov.12 2020 20:22 PM
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