News Snapshot:
TikTok owner ByteDance has launched a women's fashion website called If Yooou. Pinduoduo launched an e-commerce site in the U.S. called Temu. The two companies are the latest Chinese tech giants to look to crack the international e-commerce market domianted by Amazon. Pinduoduo and TikTok owner ByteDance launched e-commerce websites overseas in the last few months, as they aim to take a crack at selling Chinese products to foreign buyers. The move sets the two Chinese technology firms up on a collision path with Amazon as they expand internationally. Pinduoduo, one of China's biggest e-commerce companies, launched a U.S. shopping...
