Source: Tech – South China Morning PostTikTok owner ByteDance has created a stand-alone shopping app in China, similar to its Fanno platform in Europe, betting on the new trend of Gen Z consumers buying on tips from online influencers.The new app, called Douyin Box, is described as “an e-commerce platform for trends and fashion”, and operates under Douyin, the Chinese version of short video hit TikTok which has over 600 million daily active users.The move is set to intensify competition in China’s e-commerce market where Alibaba…Read More