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China’s ByteDance, the world’s most valuable startup, had its first success with a personalized news feed, Toutiao. New data shows its short-form video app Douyin has become an even bigger hit.
But there are signs that the rapid growth rate of Chinese video apps is starting to slow. And that raises a new question for ByteDance: Does it need to come up with yet another new ...
In the race to develop autonomous cars, Silicon Valley companies like Alphabet’s Waymo are far ahead. But a wave of Chinese startups are raising of hundreds of millions of dollars to try to catch up. And these companies, including Pony.ai, Roadstar.ai, WeRide.ai and Momenta, have an edge: Their U.S. competitors may be shut out of the Chinese market.
Investors at least seem to think they ...
Ctrip.com, China’s biggest travel and hotel booking website, is getting pummeled by investors. After forecasting earlier this month that profits could fall to zero next quarter and warning it couldn’t predict next year because of the slowing pace of economic growth amid a trade war, shares of the New York–listed stock fell 19%. It now trades at about half its 52-week high, ...
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