NewsCHINA BRIEF | Nio China secures USD 680 million cash injectionInvestors will inject in total USD 990 million into Nio China in five installments. 1 min read
Tencent is converting another world-famous game franchise for smartphones. NewsTencent’s Pokémon Unite is like League of Legends with Pikachu for Nintendo Switch and smartphones2 mins read
Apple’s next iPhone operating system will introduce App Clips, a new feature similar to WeChat’s mini programs. NewsiOS 14 adds Apple’s answer to WeChat’s most powerful feature3 mins read
Tencent and NetEase together account for 60% of the total gaming market revenue in China, according to a report by intelligence firm Analyses. NewsTencent lands another mobile game hit as Brawl Stars rakes in USD 17.5 million in first week3 mins read
The cash-craving EV startup rebounded strongly from the pandemic’s impact, setting a monthly record for electric vehicles sold in May. Visual StoriesKEY STAT | Tencent makes new bid for Chinese EV maker Nio2 mins read
The global market for video games is forecast to reach USD 159.3 billion this year, with mobile games making up about half of that. NewsByteDance brushes off early failures with new partnerships to battle Tencent in core games market4 mins read
TikTok’s owner set an annual revenue goal of RMB 200 billion, while more than 80% of its 2019 revenue was from online advertising. Visual StoriesKEY STAT | ByteDance first quarter revenues up 130% with annual target half of Tencent’s 2019 earnings [Update]2 mins read
Alipay hopes to increase adoption of the app among SME owners, while spurring consumer spending in China’s coronavirus-hit economy. NewsAlipay to give out USD 1.4 billion in coupons to boost consumption, increase app adoption3 mins read
Less than 1% of music streamers in India pay for the paid subscription, but that is about to change. InsightsGlobal music streaming platforms tune in to capture the India market10 mins read