Alibaba sells retailer Sun Art for US$1.7 billion to refocus on e-commerce – South China Morning Post

TikTok might be fighting for its life to continue operating in the United States, but that hasn’t stopped its China-based parent company ByteDance from betting on its newest growth machine: TikTok Shop.Since President Joe Biden signed the law that threatens to ban TikTok nationwide, TikTok Shop has grown rapidly. Data…

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