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Baidu acquires nearly 40% stake in online free novel app Qimao

Qimao had an exceptional run in April, beating ByteDance’s Douyin and Toutiao in the number of downloads on the Chinese App Store.

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Chinese giants Tencent and Baidu have started offering VOD services in Vietnam.
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Tencent and Baidu start offering video streaming services in Vietnam
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Timi Studio Group is behind popular games including Honour of Kings and Game for Peace.
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Tencent’s game studio to develop new game with the company that owns the Pokémon brand
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The company has been called a dark horse that remains unnoticed in the sector.
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Short-video app Kuaishou has the most active daily users in China’s video game streaming sector
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The live-streaming platform raised the largest Chinese US offering of the year.
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Douyu goes public raising USD 775 million in the US IPO
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The company’s lineup of games has already found fans in Japan.
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NetEase invests in Canada’s largest indie game developer Behaviour Interactive
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This may deal a heavy blow to its full year balance sheet this year.
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Chinese live streaming platform Inke acquires Jimu in a USD 85 million bet
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The company is steering towards its IPO.
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ByteDance says it now has 1.5 billion monthly active users
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Headfone hosts choice content that is popular in the Subcontinent.
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Intending to breed a unicorn, Fosun invests in Indian audio streaming platform Headfone
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