TikTok sees ad revenue grow despite sluggish online advertising market

Dec 8, 2022

TikTok is the only major social media platform that has seen significant growth in advertising revenue this year, the Financial Times reported on Monday, citing a survey conducted by media buying agency GroupM. The report stated that the hugely popular short video platform’s advertising revenue has doubled in 2022, beating its rivals Meta and Snap. The British newspaper reported last month that ByteDance-owned TikTok has already achieved close to $10 billion in revenue this year, bringin ...read more

Multiple US states ban TikTok use on government devices over security concerns

Dec 8, 2022

TikTok is facing a barrage of opposition from US officials amid ongoing security concerns over the ByteDance-owned app. Last week, South Dakota Governor Kristi Noem signed an executive order prohibiting state employees and contractors from installing or using TikTok on state devices, a move which was followed by Indiana suing the popular Chinese-owned video-sharing platform on Dec.7 over allegations that it deceived users about content and data security, and allowed children access to matu ...read more

Vivo’s iQOO pursues overseas expansion with new flagship phone

Dec 8, 2022

The iQOO 11 introduces an innovative update to the adaptive refresh rate, supporting partial refresh to increase power efficiency. Credit: iQOO Chinese smartphone maker Vivo’s sub-brand iQOO announced its new flagship phone the iQOO 11 on Thursday. The phone, which will be available in certain markets across Southeast Asia for the first time, adopts Qualcomm’s latest high-end chipset Snapdragon 8 Gen 2. Why it matters: The iQOO 11 introduces an innovative update to the adaptive r ...read more

Jack Ma steps down as Zhejiang entrepreneurs association chief

Dec 8, 2022

Jack Ma, the billionaire co-founder of Alibaba, has resigned as the president of the General Association of Zhejiang Entrepreneurs, a non-profit association set up by leading businessmen the eastern Chinese province, it was announced on Wednesday. Nan Cunhui, chairman of electrical components manufacturer Chint Group, will take over as the organization’s president. Ma had held the position since 2015 and often used his post to make public speeches on topics varying from the macroeconomic ...read more

Shein launches paid members-only discount club, raises prices as costs climb

Dec 8, 2022

Ultra-fast fashion giant Shein has been operating a members-only club in the US for nearly two months, with users who pay a quarterly fee of $6.99 receiving exclusive discounts on thousands of items, as the firm looks to lock in customers and offset rising costs. Chinese online media outlet Xinshang reported on Tuesday that the fashion retailer is under pressure to raise prices across the board as it faces higher costs in production, warehousing, logistics, and advertising, as well as continu ...read more

Tesla China offers additional discount to December buyers

Dec 8, 2022

Tesla began offering an RMB 6,000 ($860) discount in China on Wednesday for people who buy some models from the company’s inventory for delivery by the end of this year. The offer comes along with an additional rebate of RMB 4,000 on the buyers’ end of the year orders, which the company announced on Nov. 8. On Oct. 24, the US automaker cut the prices of its standard Model 3 sedan by RMB 14,000 and its Model Y sports utility vehicle by RMB 20,000 in a move to boost year-end sales. The Chin ...read more

EV export demand spurs BYD to order $710 million of cargo ships: report

Dec 8, 2022

Posted in News Feed BYD has recently ordered at least six specialized cargo vessels for vehicle transport worth a total of RMB 5 billion ($710 million) and with capacity to carry 7,700 cars each, as the major Chinese manufacturer sees robust export growth for its electric vehicles. State-owned automaker SAIC has also launched a tender for the procurement of seven new cargo ships that can each carry 8,900 vehicles, according to a Monday report by Bloomberg. Shipments of BYD’s passenge ...read more

Google’s Year in Search 2022 was dominated by Wordle, Ukraine and a cricket World Cup

Dec 8, 2022

Wordle topped Google's Year in Search for 2022, beating even the biggest events in the world over the past few months. Searches for the five-letter word game peaked shortly after it was acquired by The New York Times in February, perhaps when people had to look for its new address or when those who haven't heard of it before wanted to see what the fuss was about. The second most searched term for 2022 is "India vs. England," which pertains to the countries' faceoff at the Cricket World Cup. Uk ...read more

What Has Technology Done To Soccer?

Dec 8, 2022

Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading! What Has Technology Done To Soccer? Posted by msmash on Wednesday November 23, 2022 @11:01AM from the closer-look dept. Perfect referees are a soccer fan's nightmare, it is increasingly appearing. From a report: The past four years have smoothed out some of those early kinks. Offside calls are now hyper-accurate and semiautomated. And VAR really has done some go ...read more

Ex-Huawei executive’s EV maker announces full refund over failure to deliver first model

Dec 8, 2022

Chinese electric vehicle startup Niutron on Wednesday announced that it will issue a refund to roughly 24,000 customers who placed orders for the company’s first car model, apologizing for not being able to deliver the NV crossovers in the short term “due to internal reasons.” There has been speculation that Niutron’s manufacturing partner, a small Chinese automaker called Dorcen, has failed to secure approval from local regulators for reopening its facility after idling assembly line ...read more