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ByteDance looks at China s $ 1 7 trillion e-commerce sector Business and Economy News

Zhang Yiming-ek ByteDance Ltd. it was built by the world’s most valuable private company through a chain of blockbuster apps like TikTok, which challenged Facebook and other actors on their field. His ultimate goal: Alibaba. The 38-year-old AI coding genius, looking for ByteDance’s next big action, has put his focus on China’s $ 1.7 trillion in e-commerce. The co-founder has hired thousands of employees and Xiaomi Corp. he has roped in among the company’s big sponsors like entrepreneur Lei Jun in what he calls his next “major breakthrough” to focus on global business – selling things to consumers through his short videos and addictive fun. This effort will test not only Zhang’s magical touch, but also its application creation and ByteDance’s AI witchcraft, as well as one of the world’s most anticipated IPOs for reception technology.

Hong kongZhou huangLei junBob kangLuo yonghaoJack maMichael norrisShawn yangTencent wechatAlibaba taobaoBaidu incShopify incXiaomi corpHome shopping networkPinduoduo incZhang bytedance ltd

ByteDance hires thousands of staff to challenge e-commerce giant Alibaba

ByteDance hires staff in thousands to challenge e-commerce giant Alibaba The company sold about $26 billion worth of make-up, clothing and other merchandise in 2020 Zhang Yiming built ByteDance Ltdas world’s most valuable private company via a string of blockbuster apps like TikTok that challenged Facebook and other incumbents on their own turf. His latest target now is Alibaba. The 38-year-old AI coding genius, searching for ByteDance’s next big act, has set his sights on China’s $1.7 trillion e-commerce arena. The co-founder has hired thousands of staff and roped in big-name sponsors like Xiaomi Corp. impresario Lei Jun to drive what he calls his next “major breakthrough” into global business selling stuff to consumers via its addictive short videos and livestreams. That endeavour will test not just Zhang’s magic touch with app creation and ByteDance’s AI wizardry, but also investor reception ahead of one of the tech world’s most hotly anticipated IPOs.

Hong kongZhou huangLei junBob kangLuo yonghaoJack maBytedance ltdasMichael norrisShawn yangTencent wechatAlibaba taobaoZhang yimingBaidu incShopify incXiaomi corpHome shopping network

ByteDance eyes China s $1 7 trillion e-commerce sector | Business and Economy News

Zhang Yiming built ByteDance Ltd. into the world’s most valuable private company via a string of blockbuster apps like TikTok that challenged Facebook and other incumbents on their own turf. His latest target: Alibaba. The 38-year-old AI coding genius, searching for ByteDance’s next big act, has set his sights on China’s $1.7 trillion e-commerce arena. The co-founder has hired thousands of staff and roped in big-name sponsors like Xiaomi Corp. impresario Lei Jun to drive what he calls his next “major breakthrough” into global business selling stuff to consumers via its addictive short videos and livestreams. That endeavor will test not just Zhang’s magic touch with app creation and ByteDance’s AI wizardry, but also investor reception ahead of one of the tech world’s most hotly anticipated IPOs.

Hong kongZhou huangLei junBob kangLuo yonghaoJack maMichael norrisShawn yangTencent wechatAlibaba taobaoZhang yimingBytedance ltdBaidu incShopify incXiaomi corpHome shopping network

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