News Snapshot:
ByteDance plans New York listing of short video app Douyin, as Baidu doubles down on smart car initiative Ehang denies fraud allegations levelled against it by activist short seller Wolfpack Research This week’s highlights include ByteDance-owned Douyin’s plan to raise funds in the US, Baidu’s focus on smart cars and fraud claims against flying taxi maker EHang. ByteDance gets busy on IPO, search For a long time, China’s internet sector has been dominated by the triumvirate known as BAT – referring to online search kingpin Baidu , e-commerce leader Alibaba Group Holding , and video games and social media giant...
