Bloomberg Douyin, the Chinese-market version of ByteDance Ltd’s TikTok video-sharing app, surpassed 600 million daily active users in August, rising from 400 million at the start of the year. The service has produced 41.7 billion yuan ($6.1 billion) in revenue for more than 22 million creators over the past year and the company intends to spend $1.5 billion in a ...

Bloomberg Toyota Motor Corp won’t expand further in India due to the country’s high tax regime, a blow for Prime Minister Narendra Modi, who’s trying to lure global companies to offset the deep economic malaise brought on by the coronavirus pandemic. The government keeps taxes on cars and motorbikes so high that companies find it hard to build scale, said ...

Bloomberg Foreign Secretary Dominic Raab has told his officials to work carefully to manage relations with the US and China — and avoid the UK becoming trapped in a new “Cold War” between the two countries. The minister held an internal meeting of British diplomats and officials on September 2 during which he set out his vision for “global Britain” ...