It's two brands of WWE, or two programs of WWE in layman's terms, which means the company name is WWE.
The program we watched was primitive and crude. Because WWE is crowded, it is divided into two programs to manage. Generally, the plots of RAW and SmackDown are separated, but this year WWE began to implement RAW SuperShow system, and SmackDown members also appeared in RAW, so the separation operation is not so obvious, but it was not like this before ~
RAW is broadcast every Monday morning (Tuesday morning, Beijing time) local time, and its full name is Monday night RAW ~
SmackDown is broadcast every Friday night in local time (every Saturday morning in Beijing time), and its full name is Friday night SmackDown ~
RAW is a live program, SmackDown is a recorded program, usually recorded on Wednesday ~