NewsShort video app Kuaishou passes 200 million daily usersUp from 160 million daily users in December. 1 min read
Uxin has been struggling while its rival’s valuation soared. NewsUsed car marketplace Uxin raises USD 230 million via convertible bond sales1 min read
The film production company has a few hits under its belt. NewsAlibaba Pictures’ losses narrow as marketing expenses are trimmed2 mins read
Its share price has dropped more than 60% in the past three months. NewsChinese news aggegator app Qutoutiao to buy back USD 50 million in shares1 min read
Mango TV is the fourth largest video site in China following iQiYi, Youku and Tencent Video. NewsChina Mobile buys into China’s fourth largest video site at USD 230 million1 min read
It’s an effort to shield youngsters from social media addiction and harmful content. NewsChina rolls out child protection features on all major short-video sharing and video streaming platforms1 min read
Counting out the gains from investments, profits were lower than in the same period last year. NewsCtrip’s net income triples in Q1 on the back of equity investments2 mins read
Mafengwo also sells travel-related merchandise on its platform, and hosts editorial content geared toward China’s domestic and outbound travelers. NewsChinese online travel agency Mafengwo raises USD 250 million, with Tencent leading the investment1 min read
The company has reportedly secured deals with two big Indian music labels. NewsByteDance to launch paid music service in emerging markets, challenging Spotify and Apple Music1 min read
