NewsKrASIA Weekly: Chinese tech majors’ share prices tumbleChina’s tech giants take a hit in the public markets. 3 mins read
China Literature saw its share price drop 17% after announcing its intention to buy the TV and film entertainment company. NewsChina Literature to acquire production house New Classics Media for $2.25b1 min read
The merger deal will give birth to China’s largest online healthcare platform for multisite license medical practice. NewsChina’s Tencent merges medtech investees to build an online-to-offline medical network2 mins read
Targeting Chinese merchants on the popular messenger app WeChat helped this cloud-based services firm grow revenue NewsTencent-backed Weimob files for IPO in Hong Kong2 mins read
Tencent and Alibaba put aside rivalry to acquire a stake in WPP’s Chinese unit. NewsDeals | Alibaba and Tencent vie for 20% stake in WPP’s Chinese unit2 mins read
Will Kuaishou’s new wearable tech and Tencent Weishi’s new action camera be game changers in the short-video competition? InsightsKuaishou launches Snap Spectacles-like product as Tencent Weishi gets a new action cam3 mins read
Leveraging the ‘dai gou’ need in China, Haoyiku helps people sell to their friends and acquaintances. NewsDeals | Chinese social commerce startup Haoyiku raises Series B led by Tencent2 mins read
Mini-apps users have jumped more than half just in six months this year, with third-party developers for the platform increasing by a third. NewsWeChat now has over 1.5m third-party mini-apps developers2 mins read
With the World Cup starting in June, the majority of online gambling activities are in betting World Cup game results. NewsWeChat cracking down online gambling, punishing more than 50,000 accounts and 8,000 WeChat groups2 mins read
