TikTok hits 1 billion monthly active users , surpasses 3 billion downloads The short-video platform has reached 1 billion monthly active users worldwide, gaining 300 million of them since June 2020 alone. The ByteDance-owned app has also hit 3 billion downloads, according to research firm Sensor Tower. This growth comes amid privacy concerns surrounding the Chinese-owned company. A ban in the US was once on the table due to alleged national security threats. Alibaba begins autonomous truck development Alibaba’s Damo Academy , along with logistics unit Cainiao , has started working on autonomous truck development. Small-scale testing has already begun with the two units, with large-scale deployment eyed in three years. Alibaba is also weighing partnerships with makers of traditional automobiles in the future for the project. Tech giants eye robot courier push Alibaba, Meituan, and JD.com will be adding over 2,000 robot couriers between their delivery fleets by 2022. Covid-19 has forced firms to speed up their exploration and development of cost-efficient contactless delivery solutions. Companies in China have been considering using robot couriers since the country was hit by a labor crunch in 2013.
CNY - Chinese Yuan Renminbi