The Stack: ByteDance Down a Quarter in 12 Months; Schneider Electric Acquires Aveva for £9.5bn

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This week: ByteDance's valuation drops by 25% in 12 months, Schneider Electric buys Aveva for £9.5bn...

Transition seems to have been a key theme across ad tech this week. Video-sharing platform ByteDance saw its value slipped by a quarter to USD$300bn (£263bn) while rival YouTube unveiled plans to allow creators of YouTube Shorts to monetise their content on the platform.

Meanwhile, France's Schneider Electric cinched a deal to buy UK software firm Aveva for £9.5bn and China approved six new tech ETFs mere days after they were filed with the country's Securities Regulatory Commission.


ExchangeWire APAC Industry Review 2022

In ExchangeWire's review of the APAC media, marketing, and commerce industries, we examine five key pillars - Retail Media, Data-Driven TV, Gaming, Walled Gardens, and the Service Layer -within the thriving Asia-Pacific region. Read more.


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