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.

His startup is already starting to make waves in an industry long controlled by Jack Ma’s Alibaba Group Holding Ltd. and JD.com

Read More

transcosmos announces the results of “Online Shopping Trends Survey in 10 Asian Cities 2021” | News

TOKYO, March 18, 2021 /PRNewswire-PRWeb/ — transcosmos inc. conducted its proprietary “Online Shopping Trends Survey in 10 Asian Cities 2021” in order to gauge the current trends and changes in consumer online shopping behavior across major Asian cities. In addition to identifying the changes in shopping behavior over the past four years, this year transcosmos also analyzed the Covid-19 induced changes in shopping behavior. Also, for this fourth survey, transcosmos featured consumer perception and usage of live streaming commerce, a new marketing channel to push sales that is gaining popularity. The study found both what pleases and discourages consumers in using the new channel.

  • Visit transcosmos research department’s official blog for detailed survey results (No translation available).

URL: https://blog.trans-cosmos.co.jp/research/20210315_onlineshopping-survey.html

Live streaming commerce – consumer perception and usage

  • More than half of respondents said they have shopped using live streaming commerce in Hanoi (62.5%), Bangkok (60.6%), and Mumbai (52.5%). On
Read More

Bunka Fashion Graduate University’s Popular Annual Event Going Online for 1st Time | News

TOKYO, March 19, 2021 /PRNewswire/ — Bunka Fashion Graduate University (BFGU), a professional graduate school in Japan, has released “Vol.3 Future Generation,” the main content of the online event “BFGU Online Festival ‘Redefining’.” This is the first online presentation of “Bunka Fashion Graduate University Fashion Week (BFGU FW)” attracting more than 4,000 visitors from the fashion industry every year.

The fashion show by BFGU’s Division of Fashion Creation is a collection of released brands in which a huge number of current young designers participated previously. On the other hand, Division of Fashion Management majors also present research on sustainable fashion, an area acquiring more attention in the industry in recent years. Just take a look at the new power of graduate students in the era of “New Normal.”

URL: https://bfgu-bunka.ac.jp/redefining/future/

Graduation Show: https://kyodonewsprwire.jp/prwfile/release/M102824/202103162342/_prw_PI1fl_5l8OURQb.jpg

Site image for illustration purposes only: https://kyodonewsprwire.jp/prwfile/release/M102824/202103162342/_prw_PI2fl_CMI8ab4E.jpg

Division of Fashion Creation Graduation Show 2021 (video):

Read More

British Style Bibles Are Rewriting the Fashion Media Rulebook | BoF Professional, News & Analysis

Ibrahim Kamara’s new job presents a unique challenge. The stylist, known for his experimental take on high fashion, has been charged with keeping indie fashion bible Dazed relevant in an increasingly digitised and fast-changing cultural landscape.

Kamara, who was born in Sierra Leone, raised in The Gambia and lives in London, is in part representative of this change. His work weaves together a plethora of styles to explore the nuances at the intersection of Blackness, sexuality and gender.

His approach is “about bringing new people into the conversation that haven’t been given opportunities before, bringing in different lenses and being more daring, being able to dream, being able to not look at London, New York and and LA as just the centres of culture,” said Kamara.

His appointment as the magazine’s editor in chief in January is part of a wider reshuffle within the UK’s youth-focused style titles, a

Read More