Huitongda, an Alibaba-backed Chinese e-commece platform that focuses mainly on rural areas, has gained approval from Hong Kong’s stock exchange to go public there, the South China Morning Post reported. The startup aims to raise between $500 million to $1 billion in the listing. Huitongda’s market debut will be one of this year’s first major initial public offerings in Hong Kong. It will be a...
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TikTok’s Ad Stumbles; an NFT Artist on Crypto Twitter, Philanthropy and Diversity
TikTok aims to rival the ad revenue of digital titans such as Meta Platforms, but a new report from my colleague Sylvia shows that turbulence within the short-form video app’s ad sales department threatens to throw it off course.That turbulence includes a high-pressure culture that has resulted in heavy turnover. Since top-down instruction still comes from Beijing, employees are confused about...
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