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Tencent Holdings

Alibaba, Xiaohongshu boost sales in midyear shopping festival

Alibaba Group Holding said it is seeing “encouraging” user engagement and merchant growth during the 618 midyear online shopping festival, as rival Xiaohongshu, China’s...

ByteDance said to cut 450 jobs in Indonesia after TikTok Shop-Tokopedia deal

The reductions, equal to about 9 per cent of employees at the Indonesian unit, will commence as soon as this month, according to people...

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