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36Kr (EN)

Korea

Proponents and opponents of regulation both spurn South Korean President Yoon Suk Yeol's attempt at compromise.

South Korea flounders in quest to restrain power of online platforms | KrASIA

Home

South Korea flounders in quest to restrain power of online platforms

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

KrASIA

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

Bilibili

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

China Tech

Content

Creative

Creator Economy

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

Entertainment

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

Live Streaming

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

Gaming and ad growth help Bilibili hit a profit, but sustaining this trajectory could be challenging.

Bilibili hits profitability milestone but faces big questions about its staying power | KrASIA

Bilibili hits profitability milestone but faces big questions about its staying power

36Kr is China's most influential business and technology network. Since 2010, 36Kr has been providing high-quality content around China’s innovation and new economy trends. With the traffic and network it has built, 36Kr has developed a comprehensive database and strong data analytics capabilities of the technology landscape in China.

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36Kr English

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

Singapore

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

Deals in brief: Podium nets Series A1 funding, Gyges Labs backed to redefine wearables, xAI raises USD 5 billion, and more | KrASIA

Deals in brief: Podium nets Series A1 funding, Gyges Labs backed to redefine wearables, xAI raises USD 5 billion, and more

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KrASIA Writers

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

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

Alibaba

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

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

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

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

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

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

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Song Jingli

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

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.

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.

Real estate portal Julive raises USD 61.5 million from Tencent, Oceanpine | KrASIA

Real estate portal Julive raises USD 61.5 million from Tencent, Oceanpine

Chinese authorities have stepped up enforcement of antitrust rules, with the number of violations cited in 2020 doubling on the year, as Beijing moves to rein in Big Tech companies' rising influence in the online economy.