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ByteDance or Beijing ByteDance Technology Co Ltd. is a Chinese Internet technology company operating several machine learning-enabled content platforms, headquartered in Beijing. It was founded by Zhang Yiming in 2012. ByteDance's core product, Toutiao, is a popular content platform in China.

Bytedance

Douyin

Tiktok

In computer science, artificial intelligence (AI), sometimes called machine intelligence, is intelligence demonstrated by machines, in contrast to the natural intelligence displayed by humans and animals.

Content

Creative

With the spread of Internet global accessing (fastest Internet broadband connection TCP with accumulator cables and semi-fast connection), Short Video services have become very popular online. 

Short Video

Video

The automatic labeling of AI-generated content on TikTok is a small step in an uphill battle against the misuse of AI.

Will TikTok’s new content labels really combat AI misinformation? | KrASIA

Home

Will TikTok’s new content labels really combat AI misinformation?

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

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Jeff Chay

Photo of Victor Lysenko, founder and CEO of Osome.

Angel Investing

Investment

Merger &amp; Acquisition

Private Equity

Venture capital is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth.

Venture Capital

Cambodia

India

Singapore

Vietnam

Bringing you the latest updates on funding deals and activities in the Asia Pacific.

Deals in brief: Osome extends Series B round, Kasagi Labo lands pre-Series A funding, Husk bags USD 5 million from Mekong Capital, and more | KrASIA

Deals in brief: Osome extends Series B round, Kasagi Labo lands pre-Series A funding, Husk bags USD 5 million from Mekong Capital, and more

Deals in brief: Stupa scores INR 280 million in funding, Chainstack secures strategic investment, six China deals, and more | KrASIA

Deals in brief: Stupa scores INR 280 million in funding, Chainstack secures strategic investment, six China deals, and more

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Marvin Goh

Tencent Holdings Limited is a Chinese multinational investment holding conglomerate whose subsidiaries specialize in various Internet-related services and products, entertainment, artificial intelligence and technology both in China and globally.

Tencent

KrASIA | Tencent Archives

China Tech

Bringing together the latest business insights and trends of China's tech ecosystem.

Fintech is the new applications, processes, products, or business models in the financial services industry, composed of one or more complementary financial services and provided as an end-to-end process via the internet.

Fintech

Beijing-based online mutual aid platform Qingsong Huzhu stopped operations on Wednesday, Economic Observer reported, citing users of the service. Before the shutdown, the site registered 17 million users at the end of May last year, second only to Ant Group's Xiang Hu Bao with about 100 million members.

Tencent-backed mutual aid platform Qingsong Huzhu abruptly shuts down | KrASIA

Tencent-backed mutual aid platform Qingsong Huzhu abruptly shuts down

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Song Jingli

Alibaba Group Holding Limited is a Chinese multinational conglomerate specializing in e-commerce, retail, Internet and technology. 

Alibaba

Entertainment is a form of activity that holds the attention and interest of an audience or gives pleasure and delight. 

Entertainment

Chinese internet group Tencent Holdings has vowed to make its platform of a billion-plus users open to industry players -- including competitors -- as Beijing steps up an anti-monopoly crackdown aimed at big tech companies.Tencent President Martin Lau told investors Wednesday that its platform is open to industry players and that collaboration with any big companies needs to be "mutually constructive," responding to media reports that Tencent will allow rival Alibaba Group Holding's Taobao marketplace to sell through its mini-program

Tencent vows to embrace open platform amid antitrust crackdown | KrASIA

Tencent vows to embrace open platform amid antitrust crackdown

As part of 36Kr’s ongoing partnership with Nikkei, you can read selected content from Nikkei Asia on KrASIA.

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Nikkei Asia

WeChat is a Chinese multi-purpose messaging, social media and mobile payment app developed by Tencent. It was first released in 2011, and by 2018 it was one of the world's largest standalone mobile apps by monthly active users, with over 1 billion monthly active users.

Wechat

The game industry is the economic sector involved in the development, marketing, and monetization of games. It encompasses dozens of job disciplines and its component parts employ thousands of people worldwide.

Gaming

Social Impact

Chinese tech conglomerate Tencent (HKEX: 0700) posted strong revenue growth of 28% for 2020 to reach USD 74.4 billion in sales, as online entertainment, social media, and investments brought in a steady stream of cash. Net income for the year was USD 24.5 billion, a 71% jump from 2019, exceeding previous estimations of USD 20 billion.

KEY STAT | Tencent reports USD 74 billion revenue for 2020 | KrASIA

KEY STAT | Tencent reports USD 74 billion revenue for 2020

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Julianna Wu

Chinese short video giant ByteDance—via its gaming unit Nuverse—is acquiring the Shanghai-based mobile game developer Moonton, further encroaching onto Tencent's territory.

ByteDance buys game developer Moonton to take on Tencent | KrASIA

ByteDance buys game developer Moonton to take on Tencent

Live Streaming

Music

Tencent Music Entertainment (NYSE: TME) said on Monday that the company gained RMB 8.34 billion (USD 1.28 billion) in revenue in the fourth quarter of last year, up 14.3% year-on-year (YoY), and generated RMB 1.2 billion in net profits, up 15.4% YoY.

Tencent Music reports strong profits as users decline | KrASIA

Tencent Music reports strong profits as users decline

IPO of IoT cloud platform Tuya raises USD 915 million

The Internet of things (IoT) is the extension of Internet connectivity into physical devices and everyday objects. Embedded with electronics, Internet connectivity, and other forms of hardware, these devices can communicate and interact with others over the Internet, and they can be remotely monitored and controlled.

Tencent-backed internet of things (IoT) cloud platform Tuya Smart (NYSE: TUYA) opened for trading on the New York Stock Exchange on Thursday, raising USD 915 million with at an initial offering price of USD 21, higher than its original target of USD 20. The stock finished the session at USD 25, up 19%.

KEY STAT | Stock of Chinese IoT cloud software Tuya rallies in NYSE debut | KrASIA

KEY STAT | Stock of Chinese IoT cloud software Tuya rallies in NYSE debut

Pinduoduo is an e-commerce platform allowing users to participate in group buying deals. It was founded by Colin Huang as Shanghai Dream Information Technology Co., Ltd. in September 2015.

Pinduoduo

Taobao

E-commerce is the activity of buying or selling of products on online services or over the Internet. 

E-Commerce

E-commerce giant Alibaba is planning to launch a mini program on Tencent's WeChat platform as the company has been outpaced by Pinduoduo for the first time. The latter said on Wednesday that it recorded 788.4 million active buyers last year, surpassing Alibaba's 779 million

Surpassed by Pinduoduo, Alibaba plans to tap WeChat for new users | KrASIA

Surpassed by Pinduoduo, Alibaba plans to tap WeChat for new users

Didi Chuxing Technology Co., formerly Didi Kuaidi, is a Chinese transportation network company, artificial intelligence and autonomous technology conglomerate.

Didi

Meituan-Dianping is a Chinese group buying website for locally found food delivery services, consumer products and retail services. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. The Meituan.com site offers deals of the day by selling vouchers on local services and entertainment.

Meituan

Retail

The community group-buying businesses of Meituan, Didi Chuxing, and Pinduoduo, as well as Alibaba-backed Nice Tuan have been fined by the State Administration for Market Regulation (SAMR) with RMB 1.5 million (USD 230,000) for selling groceries below cost and for misleading consumers with non-existing discounts. Tencent-backed firm Shixianghui was penalized with RMB 500,000, the regulator announced on its website on Thursday.

Chinese regulator fines firms in broad crackdown on grocery group-buying sector | KrASIA

Chinese regulator fines firms in broad crackdown on grocery group-buying sector

Prop Tech

Beijing-based startup Julive.com, known as Juli Zhaofangwang in China, has raised RMB 400 million (USD 61.5 million) in its Series C+ round led by Tencent and Oceanpine Capital, the company announced on its official WeChat account on Thursday.