Baidu beats estimates on strong video streaming growth

Chinese search giant Baidu on Monday posted a revenue of 26.33 billion yuan ($3.73 billion) for the quarter that ended in June, beating analysts’ estimates of 25.77 billion yuan ($3.65 billion) as its video streaming service iQIYI continues to see strong growth. The 19-year-old firm’s shares were up over 9% in extended trading. The company, which […]

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ByteDance launches a new search portal that returns a mix of results from the Web and its own platforms

ByteDance has taken another step into search with the launch of a new search portal today. Called Toutiao Search, the portal is part of the website for Toutiao, the news aggregator owned by ByteDance, and currently optimized only for mobile. Though it is part of Toutiao’s website, the portal is separate from the Toutiao’s own […]

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TikTok-parent is getting into mobile search

China’s ByteDance, which owns popular video sharing app TikTok, is already working to enter the smartphone business and the music streaming space. It appears the world’s most valued startup also has ambitions about developing its own search engine. Kind of. A company spokesperson told TechCrunch on Thursday that it has introduced a search function in ByteDance’s […]

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China’s coffee upstart Luckin pushes into India and Middle East

Luckin continues to expand at jaw-dropping speed as it announced plans to open shop overseas for the first time. On Monday, the Starbucks challenger from China said it has signed a memorandum of understanding to set up a joint venture with Americana Group, a major international food group. The deal will see Luckin launch a […]

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VidCon, seed-stage dilution, advertising, privacy, and building a career in design

The need-to-know takeaways from VidCon 2019 Extra Crunch media columnist Eric Peckham took part in all the craziness that has become VidCon this past week, where 75,000 influencers, YouTubers, advertisers, and more congregate in one place to see how many likes they all can generate (and I guess to discuss business strategy). This year, there […]

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The need-to-know takeaways from VidCon 2019

VidCon, the annual summit in Anaheim, CA for social media stars and their fans to meet each other drew over 75,000 attendees over last week and this past weekend. A small subset of those where entertainment and tech executives convening to share best practices and strike deals. Of the wide range of topics discussed in […]

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TikTok is being investigated in the U.K. for how it handles children’s data and safety

TikTok is being investigated in the U.K. for how it handles the safety and personal data of underage users. According to the Guardian, information commissioner Elizabeth Denham told a parliamentary committee that the probe started in February, after the U.S. Federal Trade Commission levied a $5.7 million fine against TikTok for breaking children’s privacy law. […]

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Report: Chinese spend nearly 5 hours on entertainment apps daily

Like the rest of the world, China is getting more glued to smartphones that can perform an endless list of tasks, from talking to workmates, shopping for groceries, all the way to getting a dose of dopamine through games. Chinese internet users now spend an average of 4.7 hours on their handsets a day just […]

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China says apps should get user consent before tracking

Chinese regulators might follow the European Union’s lead to make life harder for internet companies such as TikTok that closely track behavior of their users in a move that could significantly hurt their revenue. Last week, Beijing proposed a new set of measures to enforce data security for individuals and the nation overall. According to […]

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China says apps should get user consent before tracking

Chinese regulators might follow the European Union’s lead to make life harder for internet companies such as TikTok that closely track behavior of their users in a move that could significantly hurt their revenue. Last week, Beijing proposed a new set of measures to enforce data security for individuals and the nation overall. According to […]

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