DAILY BRIEF

May 26, 2022

NEWS YOU SHOULDN’T MISS

  • 1

    Baidu’s Sales Beat Estimates as AI Push Offsets China Slowdown

    Baidu Inc. posted a surprise rise in revenue, after efforts to expand in areas such as cloud computing and autonomous driving offset weak ad sales in China. Bloomberg

  • 2

    China’s Top Photo Licensing Site Launches NFT Platform Overseas

    The platform called Vault by 500px uses the Ethereum blockchain to issue NFTs that can be bought using cryptocurrency, which is banned in mainland China. South China Morning Post

  • 3

    TikTok Bites at Heels of Twitch’s Livestream Dominance

    Livestreaming video is one of the fastest-growing aspects of social media and two apps are fighting for creators’ loyalty. Bloomberg