The Business Times

Ding Yi

Alibaba’s Taobao and Tmall Business Group say a record number of merchants on the Taobao and Tmall platforms took part in this year's 618 shopping festival.

Chinese e-commerce giants stay mum about sales figures for 618 shopping festival

CHINESE e-commerce giants JD.com and Alibaba Group have remained tight-lipped about their full sales results for this year’s 618 sales extravaganza, a sign that the recovery of consumer spending in th...

ByteDance is sharpening its focus on its main businesses of e-commerce and platforms such as TikTok and its Chinese sibling Douyin – implying a de-emphasis on VR, gaming, and education.

Tencent, ByteDance gut metaverse units in virtual reality check

THEY said it was the future of the Internet. Just months ago, China’s big tech firms were talking up the potential of their shiny new “metaverse” units, which were set to cash in on an online revoluti...

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