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Real-time News
On August 19th, Douyin E-commerce released the "2026 Douyin E-commerce Pet Industry Consumption Trend Report," showing that over 103 million people purchased pet supplies on the platform in the past year. County-level industrial clusters contributed over 90% of the transaction volume, accounting for over 86% of merchants, with county-level factories forming the cornerstone of pet supply manufacturing. In the past year, over 140,000 pet industry cluster merchants on the platform saw their transaction volume jump from zero to over one million yuan, and 495 county-level industrial clusters achieved transactions exceeding 100 million yuan.August 19th - According to the Coalition for App Fairness, Apple has missed a crucial opportunity to win the trust of developers and regulators with its proposed amendments to EU app developer terms. The Coalition stated, "We urge regulators to reconsider and ensure that the Digital Markets Act delivers the meaningful choice and competition that European legislators expect." Apple proposed a new fee structure on Tuesday, including a 5% commission on apps downloaded through other app stores or websites, a 15% commission on apps linked to other payment platforms in its App Store, and a 20% commission on apps using other payment processing methods, with some developers receiving a lower 10% commission. The lobbying group stated that these fees are still too high. "Developers and consumers deserve an open app ecosystem," it said.Honeywell (HON.O) has appointed Bilal Hammed as CEO of its Process Technology division.On August 19th, during Kuaishous Q2 2026 earnings call, Kuaishou (01024.HK) CFO Jin Bing stated that the companys free cash flow was positive in Q2, and the goal is to maintain positive free cash flow at the group level in the second half of the year. Jin Bing stated that after Keling AI completes its independent financing, it will adopt more flexible approaches to cash flow expenditures, including addressing more computing power needs through leasing, further optimizing capital allocation, and improving the overall cash flow situation of the group to some extent. Regarding cash management and capital expenditures, Kuaishou will continue to adhere to a prudent financial strategy. According to the execution schedule, most of the companys capital expenditures have already been completed in the first half of the year. As of June 30, 2026, Kuaishous available funds, including cash and cash equivalents, time deposits, financial assets, and restricted cash, totaled RMB 121.3 billion, and net cash generated from operating activities in Q2 reached RMB 5.9 billion. In terms of shareholder returns, since 2026, Kuaishou has completed approximately HKD 2 billion in share buybacks and HKD 3 billion in cash dividends, with total shareholder returns approaching the level of the entire previous year. Jin Bing stated that while firmly advancing its AI strategy investment, the company has still achieved a steady increase in shareholder returns, and the total shareholder returns for the whole of 2026 are expected to exceed those of last year.Salesforce (CRM.N) expands its digital business solution, Headless 360.
