Pandaily's Digest #20201113
TikTok Allowed to Continue Operations in US, Tencent Releases 2020Q3 Unaudited Financial Report, and China E-Commerce Platforms’ Sales Surge on Singles’ Day
ByteDance’s TikTok Allowed to Continue Operation in US, Deals with Oracle and Walmart Unclear
The U.S. Department of Commerce announced to allow ByteDance’s TikTok to continue to operate in the U.S. on Nov. 12, the previously set deadline for the executive ban, putting a pause on the months of confrontation between the viral short video app and the Trump Administration on the issue of national security violation.
XPeng Reports Q3 2020 Unaudited Financial Results
Chinese smart electric vehicle company XPeng announced its unaudited financial results for the third quarter ended Sept. 30, 2020, showing a 265.8% year-on-year increase in deliveries and a 342.5% year-on-year growth in sales.
Tencent Profits Surge 89% Year-on-year, Pledges Cooperation with Antitrust Regulators
Chinese social and gaming giant Tencent reported strong Q3 financial results on Thursday, generating a revenue of 125.5 billion yuan ($18.9 billion), up 29% year-on-year and ahead of analysts’ expectations.
Ep. 74 (Extra Buzz Special): Ant Group: The Biggest IPO That Wasn’t
If you need a refresher when it comes to Ant, may I suggest our Tech Buzz Ep. 74 on the company, which I dare say provides pretty good context into the history of the company, and why it has created the product lines that it has: CreditTech (39%), Payments (36%), InvestmentTech (16%) and InsureTech (8%).
Pinduoduo’s New Venture into Online Grocery Shopping in Quest to Expand Agriculture Share
Pinduoduo, China’s second largest e-commerce platform for agricultural products, has announced its Q3 earning last night. User number has strongly increased to over 730 million buyers. Market reacts the earning positively – share price has jumped 20% overnight with over $160bn market cap post earnings.
Pinduoduo Sees Increasing Revenues and Active Users in Third-Quarter Financial Report
Chinese e-commerce platform Pinduoduo Inc. saw increases in revenues and active users in its unaudited financial results for the third quarter ending Sept. 30, 2020.
China E-Commerce Platforms’ Sales Surge on Singles’ Day
China’s e-commerce platforms disclosed their Double 11 shopping festival performance and all set new records.
Huya and DouYu Publish 2020Q3 Financial Reports as Merger Draws Near
Huya Inc.and DouYu International Holdings Ltd.on Nov. 11 released their financial reports for the third quarter of 2020 ended Sep. 30, revealing steady growth as the merger of the two leading Chinese esport live streaming platforms draws nearer.
Live-streaming E-commerce Drives Singles Day Sales, Prompts Surge in Job Seekers
China’s live-streaming boom has driven job seekers to grab their share of the pie, prompting a surge of live-host applications leading up to this year’s Singles’ Day online shopping bonanza.