Last week's hottest news and trends from Chinese social media and digital space.
Douyin has now 600 million daily active users
Douyin, the Chinese version of the popular short-video sharing app TikTok, hit 600 million daily active users as of August. Here are some other impressive numbers: over 22 million creators made more than 41.7 billion RMB on the platform over the past year.
Kuaishou reaches 500 million e-commerce orders
Kuaishou, the main rival of TikTok’s Chinese version Douyin, announced that it accumulated 500 million e-commerce orders in August, a strong sign for the app’s monetization effort and continuing focus on making the app into an e-commerce giant.
TikTok and WeChat didn’t get banned in the U.S…yet
As we’re publishing this, the US-ban of TikTok and WeChat has been delayed a week after Donald Trump giving his blessing to a deal between Oracle, Walmart, and TikTok. We’ll just have to see what happens next on this roller-coaster ride.
How to pick the right video platform in China?
In China, social media platforms are currently fighting over the video-sharing realm. Douyin, Kuaishou, RED, WeChat, Weibo, and more are all joining the battle. So what platform should brands pick and why? Jingdaily lists the biggest platforms’ unique attributes.
Bytedance aims to double what users make on Douyin
Douyin’s live-streaming e-commerce initiative is truly generating gold after 22 million users brought in a total of 417 billion RMB through live-streaming. Now, Douyin wants to double what users make from live-streaming.