ByteDance hires thousands to challenge e-commerce king Alibaba

 Jack founded the world's most important private company, Yuming Bite Dance Ltd., through a series of blockbuster applications such as Dimingoc, which challenged Facebook and other posts in its own field. His latest target: Alibaba.

The 38-year-old AI coding genius is looking for the next big step in bite dance, firmly in China's $ 1.7 trillion e-commerce sector. The co-founder hired thousands of employees and bore the brunt of sponsorships with big names such as Xiaomi Corp. To drive what he calls the next "big hit" in global business - the drug sells products to consumers through short videos and live streams. . The effort will test Jong's Magic Connection in Fight Dance's app development and guidance, but investors get first in the technology's hotly anticipated IPO.

Their start-up is starting to make waves in an area long controlled by Alibaba Group Holding Ltd. by Jack Ma at JD.com Inc. It sold cosmetics, clothing and other products worth around $ 26 billion in 2020, reaching its record six years before Alibaba's Taipei. It was shot in 2022 at over $ 185 billion. Ductoc's Chinese duo Duinin is expected to contribute more than the company's $ 40 billion in ad sales this year, partly driven by ecommerce.

 "There is enough traffic on the short video sites to do any traffic," said Shan Yang, who manages Blue Lotus Capital Consultants. "Not only in advertising, but also in live-streaming, e-commerce, local life services and search. It's a lot of imagination."

The growing e-commerce business in the country is facing concerns in Beijing about the internet internet explosion in the country, which could help the company exceed its $ 250 billion value when it goes public. Preparations are said to be underway for a list that may be one of the most anticipated introductions worldwide. Although Bite Dance does not handle sales or products, it expects merchants to sell more advertisements, increase traffic and stop the business.

The internet company was late to enter China's social trade show, where influential people are offering products to fans such as the Normal-Z version of the home shopping network. Leading as a marketing tool by Alibaba in 2016, the format made its living last year when the government boosted demand for home entertainment. Last year, Alibaba's Taopav Live grossed more than 400 billion yuan ($ 62 billion) in total business, and Quizo Technology's social networking sites handled more than 381 billion yuan, double tune.

YteDance is based on artificial intelligence, which is interested in helping the e-commerce business take hold. At a sluggish growing party for a year's business last month, officials explained that the company wanted to reflect its success by using AI algorithms to make users shop online. He said that by scrolling through endless social content, which is now linked to more and more products, Duin users cannot control the urge to buy.

It is "similar to street shopping", Bob Kang, a 35-year-old e-commerce leader, told a packed crowd at the Guangzhou event. "Because people are rich, they don't go to the shopping malls or boutiques they don't buy, they only buy what they want."

Kong, a former Byte Inc. engineer. Captured by Bit Dance in 2017, Zhang, the fastest young lieutenant killed, worked to clear new land for the company. He was the technology leader of Bit Dance's Hello app, one of India's most used social media platforms for sharing content such as videos - until the South Asian nation launched dozens of Chinese applications on national security in June Didn't close it with.

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Since Kong took over as head of e-commerce, Doo has banned live-streamers from selling products listed on third-party sites and invited them to open their own utility stores, To prevent competitors like Alibaba and ZDC Inc. from making a profit. Its traffic. He has grown the team of customer support staff from just one hundred to 1,900 to fight counterfeiting, and has held more than 900 positions in support of the business. Byte Dance also has an online matchmaking system that enables merchants to connect with influencers and their company, and sets up a physical streaming platform to set up live streamers and merchandise, just like Alibaba.

The initiative was contested by popular advertising such as Xiaomi founder Li, who provided a live stream promoting his Mi TV and smartphone. Another major influence was former high-profile businessman Luo Yongko, who sought to challenge Apple Inc. in its smartphone business, taking more than $ 17 million of products to its first livestream on the platform.

Small traders follow his lead, namely Xu Huang, who in October establishes a din store for his jewelry business and visits regular sites such as Alibaba's Taipei. Instead of charging platform operators too much for traffic, he was able to create videos to about 20,000 fans that offer practical tips for selecting the right size when purchasing online backups.

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"It's a challenge to attract brand new customers," Huang said. "Sometimes people come to our store for entertainment, not for shopping. But when we have enough visitors, we can sell."

Bite Dance gives a hand. At Potion, Huang and 200 other jewelry retailers train everything from registering and marketing to shooting quality videos. Technical help is available around the clock: Whenever Huang said on his livestream channel