Douyin is rapidly winning market share from rivals Taobao and Tmall. In the first three quarters of 2023, Douyin Beauty’s GMV climbed 44 percent YoY to $15.4 billion. What happened: Douyin’s
ReHub’s Compass China Luxury Index ranks luxury brand performance based on user engagement, posts, and mentions across platforms including Xiaohongshu, Weibo, WeChat, and Douyin. What Happened: Dior emerged as the clear
Chinese video streaming firm iQiyi said in a statement on Monday that its internal review into the financial fraud allegations made by American short seller Wolfpack Research “did not uncover any evidence