Caixin
Company Index
Instagram
Instagram
NEWS
company-info
Many TikTok users and advertisers are already shifting attention to YouTube, Instagram, and other rivals
Mar.27 2024 04:36 AM
company-info
  • TikTok and its parent company ByteDance were caught off guard by a political storm from the U.S., which proposed the "Protecting Americans from Foreign Adversary Controlled Applications Act" to potentially ban TikTok due to its Chinese company background. The bill passed the House with overwhelming support and is pending in the Senate, with President Biden indicating he would sign it into law.
  • Despite facing potential U.S. ban, TikTok has made significant strides in e-commerce through TikTok Shop, achieving nearly $1.2 billion in Gross Merchandise Value (GMV) within months of launching in the U.S., with projections reaching above $20 billion by 2024. However, if banned, TikTok might not be able to divest its assets as required within 180 days, leading to its removal from U.S. app stores.
  • The situation has sparked reactions from China's Ministry of Commerce and Foreign Ministry, criticizing the U.S. for suppressing foreign companies under the guise of national security without fair competition. Meanwhile, TikTok CEO Shou Zi Chew has been lobbying in Washington D.C., trying to negotiate a favorable outcome amidst growing bipartisan support for the app's ban due to concerns over data privacy and national security.
Mar.23 2024 18:47 PM
company-info
Instagram是Meta留住青少年用户的主要平台。在青少年保护问题曝光后,Instagram进行了一系列调整,包括暂停开发面向13岁以下用户的Instagram Kids
Dec.9 2021 17:25 PM
company-info
ByteDance-owned short video app is trialing the product in an effort to encourage more users to share content
Aug.5 2021 14:19 PM
company-info
ByteDance video unit moves to tap into $1.7 trillion Chinese e-commerce arena, aiming to generate $185 billion by next year
May.12 2021 07:51 AM
company-info
Reels is the second major Instagram feature that follows an almost identical one popularized by a competitor
Aug.6 2020 13:29 PM
company-info
Social networking giant ultimately walked away from the deal over concern about the app’s young user base and Chinese ownership
Nov.13 2019 16:53 PM
company-info
Highly organized groups are altering the modern entertainment landscape
Sep.7 2019 10:00 AM
company-info
Summer travel season is almost here and travel columnist Zhang Mei knows exactly what not to do
May.18 2019 15:51 PM
company-info
Netizens, industry watchers, celebrities, state media blast Italian fashion house for insincere apologies, bad crisis management, cultural insensitivity
Nov.22 2018 19:49 PM
company-info
Douyin, Kuaishou to take their battle for attention global
Jun.7 2018 02:11 AM