The turmoil surrounding Gamestop has helped a Chinese trading app to a breakthrough in the US. The competition had blocked critical orders, leaving a gap for Webull. The up-and-coming app uses smartphones to find its way into stock market trading.
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Chinese video app Tiktok's biggest competitor is going public in Hong Kong on Friday. The company is expected to reach a market valuation of $60 billion at the start of trading. Although Kuaishou's business is growing rapidly, the startup is struggling with several problems. International expansion has been slow. Recent tighter laws in China are also slowing Kuaishou down.
By Redaktion Table
Apps have become indispensable in digital life: WeChat, TikTok, Alipay and many more. However, due to geopolitical and socio-cultural differences, many Western countries oppose the use and distribution of apps made in China. The U.S. puts TitTok and WeChat on its blacklist in terms of time. In the People's Republic, QR codes, facial recognition, digital health certificates & credit cards have become an integral part of everyday life. From TikTok & WeChat on the US blacklist to data protection regulations to technological advances - all China apps news from the Table.editorial team!
