Bytedance

China’s tech giants have started a new proxy war in the food and beverage industry.

Thousands of employees of Dali Education, ByteDance’s edtech division, are being laid off.

Tencent’s music arm has problems beyond antitrust matters, and other platforms are keen to take advantage in a promising market.

China’s tech giants are increasingly coveting entertainment assets, heating up competition for intellectual property.

A slowdown in short-video growth triggers ByteDance’s search for other monetization methods in e-commerce, on-demand services, and healthcare.

The ramifications are multifold, and may significantly reshape how Pinduoduo and ByteDance build their revenue streams and user pools.

Wary of a cybersecurity review for companies with over 1 million users, mature Chinese tech firms are being nudged towards domestic capital markets.

Alex Zhu, who created Musical.ly, plans to turn Resso into “the next TikTok,” one person familiar with the matter said.