NewsKEY STAT | Tiktok and Douyin are the top-grossing apps worldwide for the seventh monthApproximately 86% of TikTok’s revenue came from Douyin in China. 2 mins read
China’s two biggest short video platforms are racing to an IPO. NewsDouyin rival Kuaishou files for Hong Kong IPO, reveals loss of over USD 10 billion in first half3 mins read
The short video service is mainly looking for experienced candidates in e-commerce, gaming, and education. NewsByteDance plans to hire 10,000 employees in two months amid fast expansion2 mins read
Tencent, which has backed Kuaishou since 2017, will be a cornerstone investor in the IPO. NewsAlibaba and Jack Ma’s YF Capital to join Kuaishou’s upcoming Hong Kong IPO2 mins read
Dali Education is just the beginning of a long journey in the industry, ByteDance founder Zhang Yiming said. NewsByteDance debuts new brand to reignite its education business2 mins read
Tencent share prices rose 4.1 % on Tuesday following the court’s decision. NewsUS appeals court squashes WeChat ban, Tencent share price shoots up2 mins read
ByteDance said that it is considering to spin off some businesses for standalone listings, but that has yet to be finalized. NewsByteDance considers listing Douyin business in Hong Kong1 min read
Measure would open door to retaliation for Washington’s targeting of TikTok and WeChat. NewsChina’s new law restricts transfer of personal data abroad3 mins read
India is Snapchat’s largest market outside the US, with about 33.8 million users. NewsSnapchat to ramp up investments in India3 mins read
NewsDeals in brief: Temasek’s Heliconia backs Sin Chew Woodpaq, Supabase raises Series D funding, Syfe and AnyMind confirm acquisitions, and more