NewsTencent-backed Kuaishou plans to spend USD 565 million on marketing to achieve ‘300 million DAUs’Kuaishou’s latest move to compete with ByteDance’s Douyin. 2 mins read
The top player in China’s online literature business steps up to win overseas readers. NewsChinese Star Wars fans stay tuned: China Literature to release e-books under tie-up with Disney2 mins read
The target is to maintain 10 million daily active users by the year’s end. NewsQutoutiao’s free novel platform Midu raises USD 100 million in Series B amid suspension1 min read
The move shows the tech unicorn’s effort to expand its ecosystem of products and services for the world’s largest internet market. NewsTikTok owner ByteDance ratchets up hiring for video games business in challenge to Tencent3 mins read
The Chinese conglomerate continues to diversify amid weakness in entertainment sector. NewsTencent expands health care investments in USD 500 million Hillhouse deal2 mins read
After snagging USD 434 million from investors, Zhihu has been trying to raise its profitability. NewsBaidu and Kuaishou-backed Q&A platform Zhihu rolls out live streaming feature to speed up monetization efforts1 min read
Binance’s new approach of peer-to-peer trading has been shunned by Chinese mobile payment giants. NewsAlipay, WeChat Pay say ‘no’ to cryptocurrency transactions1 min read
The Chinese internet giant makes 30% of its revenue from online games. NewsTencent buys stake in US-and-China based developer Pathea in string of Indie game bets2 mins read
Thailand has the highest internet penetration among ASEAN countries. NewsTencent-backed China Literature buys 20% stake of OBU to tap Thai online reading market2 mins read
