Why Triller and Snapchat can’t beat TikTok (unless Trump actually bans it)

Why Triller and Snapchat can't beat TikTok (unless Trump actually bans it)
Why Triller and Snapchat can’t beat TikTok (unless Trump actually bans it)

The Trump administration’s possible ban on TikTok in the U.S. could prove to be a golden opportunity for the viral video app’s competitors.

This past weekend, President Trump announced that his administration was going to ban TikTok due to national security risks related to its Chinese-parent company, ByteDance. If the proposed ban moves forward, its users will undoubtedly defect, and look for a new but similar app to create and post social content. However, it’s going to be very hard for those competitors to recreate the cultural phenomenon that is TikTok. After all, it’s not just a social media platform — it’s a discovery tool; it’s a community; it can ruin the President of the United States’ rally attendance.

Some users have already flocked to competitors’ apps upon hearing the news. One of those apps that’s gaining

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Support your favourite fine dining restaurant

Turn dinnertime into a classy affair by ordering from some of the best restaurants in Manchester, Liverpool, Glasgow, London and Belfast: Jimmy C/lateef.photography
Turn dinnertime into a classy affair by ordering from some of the best restaurants in Manchester, Liverpool, Glasgow, London and Belfast: Jimmy C/lateef.photography

Restaurants and the hospitality industry have been hit hard by lockdown measures, and many have introduced delivery services to help them survive.

Let’s face it, we’re all getting tired of our own cooking after countless weeks into being stuck at home, and a takeaway satisfies our cravings for flavoursome food from our favourite eateries.

Some, such a Patty & Bun and Pizza Pilgrims, have created DIY kits to allow you to recreate dishes in your kitchen.

However, if you’re feeling lazy or simply looking for a fine dining experience from a more upmarket restaurant, many have now started doing food delivery or collection. You may have even planned to visit before lockdown scuppered your plans, so now is your chance to enjoy it from home.

It’s perfect

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Yum China (YUMC) Unveils First Taco Bell Store in Beijing

In a bid to expand in the Chinese mainland, Yum China Holdings, Inc. YUMC recently announced the opening of its first Taco Bell store in Beijing on Aug 21. Currently, there are 11 Taco Bell stores in China, including the recent openings in Shenzhen and Ningbo.

Located in the Liangmaqiao district, the new store offers culture-centric, Mexican-inspired food such as nachos, tacos, quesadillas and burritos. Additionally, new menu items such as rice bowl, seasoned bone chicken and taco pizza have been developed exclusively for China markets. The store also offers digital capabilities, mobile pre-orders and takeaway features.

CEO of Yum China, Joey Wat, stated, “We believe that there is a growing appetite for Taco Bell, and we will continue to review and refine Taco Bell’s service model and offerings for the Chinese market. We also look forward to bringing this fun and dynamic brand to other parts of the country

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4 Different Chinese Stocks To Consider

China
China

When we think of the Chinese companies that have been the winners of lockdown, it’s the large tech behemoths such as Alibaba and Tencent that spring to mind. But China, which competes with the US for the title of world’s biggest powerhouse, is an enormous region packed with opportunities for those willing to hunt.

We asked Asian fund managers about some of their lesser-known, more niche investment ideas:

Hon Hai

Hon Hai (2354), also known as Foxconn, is a Taiwanese electronics manufacturer. “It’s the world’s largest contract manufacturer and a very attractive opportunity in the tech sector,” says Jason Pidcock, manager of the three-star rated Jupiter Asian Income. “In essence, it makes products for other companies. Most of its revenues currently come from Apple (AAPL), but you certainly have different electronics in your house that are assembled by this company.”

Pidcock likes the business

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