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ByteDance developing Clubhouse-like app for China amid copycat rush - sources

ByteDance developing Clubhouse-like app for China amid copycat rush - sources

TikTok owner ByteDance is working on a Clubhouse-like app for China, sources familiar with the matter said, as the global success of the U.S.-based audio chat service inspires a rush of copycats in the country.
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Indian PM Modi urges MSME textile players to rise to global standards

Indian PM Modi urges MSME textile players to rise to global standards

Prime Minister Narendra Modi has urged enterprises in the textile sector to focus on adopting global standards so that they can partner with global sourcing giants in fulfilling the demand of international players.
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Coronavirus may survive on fabrics for 3 days: DMU

Coronavirus may survive on fabrics for 3 days: DMU

A new study carried out by scientists at De Montfort University, Leicester has shown that coronavirus can survive on fabrics used in healthcare uniforms for three days and remain infectious.
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TikTok's U.S. ad business roars back as Trump's threats recede

TikTok's U.S. ad business roars back as Trump's threats recede

Accused by the Trump administration of being a front for the Chinese government, TikTok's ad business looked bleak last July.
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Ebay tops holiday-quarter revenue estimates, forecasts upbeat first-quarter sales

Ebay tops holiday-quarter revenue estimates, forecasts upbeat first-quarter sales

E-commerce firm Ebay on Wednesday topped expectations for holiday-quarter revenue and current-quarter sales estimates, as more homebound buyers flocked to its platform for shopping during the Covid-19 pandemic.
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Navalny/Yves Rocher affair: a court case tinged with politics

Navalny/Yves Rocher affair: a court case tinged with politics

On Tuesday, Russian dissident Alexei Navalny was jailed for three and a half years for violating the terms of a suspended sentence relating to a court case he was involved in with Yves Rocher in 2014.
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Alphabet shares jump as ad, Cloud sales soar amid pandemic

Alphabet shares jump as ad, Cloud sales soar amid pandemic

Alphabet on Tuesday beat fourth-quarter sales expectations as advertising customers unleashed budgets for the holidays, and the Google owner disclosed for the first time that its Cloud unit is losing $5.6 billion a year.
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Facebook beats quarterly revenue estimates

Facebook beats quarterly revenue estimates

Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday, powered by increased ad spending by businesses to capitalize on a holiday shopping season driven online by the pandemic.
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Alibaba's Jack Ma makes first public appearance in three months

Alibaba's Jack Ma makes first public appearance in three months

Alibaba Group founder Jack Ma made his first public appearance since October on Wednesday, sending shares in the e-commerce giant surging.
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TikTok owner ByteDance launches e-payment service

TikTok owner ByteDance launches e-payment service

TikTok owner ByteDance has begun rolling out an electronic payment service connected to Douyin, the Chinese version of the popular short video app, the tech giant said Tuesday.
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Fashion 2021: will 'Regencycore' dethrone homewear this year?

Fashion 2021: will 'Regencycore' dethrone homewear this year?

"Regencycore," referring to Regency era-influenced style, popularized by the Netflix series "Bridgerton", has women buzzing about corsets since the historic drama went online on December 25.
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UK parliament approves Brexit trade deal with EU as both sides look to future

UK parliament approves Brexit trade deal with EU as both sides look to future

British lawmakers approved Prime Minister Boris Johnson’s post-Brexit trade deal with the EU on Wednesday, as both sides looked to begin a new chapter of relations just days before their divorce becomes a reality.
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China launches probe into Alibaba for suspected monopolistic behaviour

China launches probe into Alibaba for suspected monopolistic behaviour

China has launched an investigation into Alibaba Group for suspected monopolistic behaviour, regulators said on Thursday.
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E-commerce firm Wish sees shares fall 5% in market debut

E-commerce firm Wish sees shares fall 5% in market debut

Shopping app Wish’s parent company ContextLogic Inc saw its share price fall more than 5% in its trading debut on Wednesday, after raising $1.1 billion in an initial public offering (IPO).
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Facebook to test relaunched Instagram Lite in India

Facebook to test relaunched Instagram Lite in India

Facebook Inc said on Wednesday it is testing a new, less data-intensive version of its photo and video sharing app Instagram in India, a key growth market for the U.S. social media giant.
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Twitter dropping Periscope mobile app for live streams

Twitter dropping Periscope mobile app for live streams

Twitter on Tuesday said its Periscope mobile app for live streaming video will shut down by March as use of it declines and the cost of maintaining it goes up.
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