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TikTok's Chinese version gets WeChat-style friend-finding function in social networking push, challenging Tencent

ByteDance’s Douyin has adopted a feature that helped rival Tencent grow WeChat into China’s most-used super app, as the TikTok owner looks for ways to expand beyond short videos into a social and lifestyle platform. ....

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Naspers-owned Prosus to invest $80m in European online trader


Naspers-owned Prosus to invest $80m in European online trader
By Loni Prinsloo
(Bloomberg) – Prosus NV and Tencent Holdings Ltd. are investing in European online-trading group BUX, giving the internet giants a greater foothold in the fast-growing sector.
The Dutch e-commerce group and Chinese developer of the WeChat app led a funding round of $80 million that BUX will use to expand its zero-commission investment platform, BUX Chief Executive Officer Yorick Naeff said in an interview. The Amsterdam-based company will also hire more staff, especially software engineers, and adapt the platform for different European markets, he said.
“There used to be a huge hurdle for people to start investing, especially for younger people,” Naeff said. “It was over-complicated. The app makes investing affordable, accessible and intuitive for the newer generation especially.” ....

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Preschool Teacher In China Forces Student To Smell His Feet, Posts Photos On WeChat


Preschool Teacher In China Forces Student To Smell His Feet, Posts Photos On WeChat
KEY POINTS
A kindergarten teacher in China allegedly forced a student to smell his feet and posted the incident on social media, a report says
The teacher said it was a form of training and that he was cultivating [masochism] from childhood
He was dismissed from his post and was detained for seven days by police
Police in southeastern China have detained a kindergarten teacher after he forced one of his students to smell his foot and then publicly shared photos of the incident on social media, local authorities said Tuesday. ....

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