The three-day Mid-Autumn Festival holiday, which started on September 15, is driving strong growth in China’s catering, tourism, and retail sectors. As families gather to celebrate the traditional festival with dinners, mooncake-sharing, and lantern appreciation, analysts predict this boost in consumer activity will have a significant impact on the economy. The holiday’s cultural significance has...
In a bid to enhance platform integrity, Douyin, China’s counterpart to TikTok, has launched a major crackdown targeting accounts that misuse exaggerated or fabricated identities to mislead users and generate profit. The initiative, announced on Monday, aims to address the growing issue of “we-media” accounts that falsely claim to be high-ranking company executives, renowned experts,...
Zhang Yiming, the billionaire behind TikTok’s parent company ByteDance, has reportedly requested the removal of a stone tablet erected in his honor in his home village. Images of the tablet, dedicated to the 40-year-old entrepreneur, surfaced online during the Lunar New Year holiday, sparking speculation about its removal. Installed in late 2022, it commemorated Zhang’s...