Chinas Tech Giants Pivot to Short Video and Local Services
This article summarizes recent key trends in the internet business sector, including YY Live's foray into short dramas, organizational restructuring of Douyin's local life services, and Ele.me's internal testing of merchant fan group features. It also analyzes the financial reports of several internet companies, showcasing industry development trends and the challenges they face. The analysis provides insights into the evolving landscape of internet business and the strategic adjustments companies are making to navigate the competitive environment.









