TikTok Owner ByteDance Increasing Indian Operations: Reports

 /  News  / 
ByteDance is reportedly opening its second corporate entity in India to provide information technology services to all of its platforms worldwide, the latest sign that the Chinese tech unicorn is expanding its global footprint. Read More

NetEase Starts $2.6 Billion Hong Kong Secondary Listing

 /  News  / 
Chinese online gaming company NetEase kicked off its secondary listing in Hong Kong to raise about $2.6 billion, based on a term sheet seen by Caixin. Read More

Video Streamer Bilibili Plans to Issue $650 Million in Convertible Bonds

 /  Streaming  / 
New York-listed Chinese video streaming platform Bilibili has announced plans to raise $650 million through the sale of convertible senior notes, as the company seeks more cash to expand its user base. Read More

Tencent Takes 20% Stake in Japanese Video Game Firm Marvelous

 /  Game  / 
Tencent has reportedly agreed to invest 7 billion yen ($65 million) for a 20% stake in Japanese video game developer Marvelous, the latest sign that the Chinese tech giant is further expanding its video gaming empire overseas. Read More

Weibo Posts Stronger User Growth Even as Revenue Falls Amid Pandemic

 /  News  / 
Chinese social media platform Weibo Corp. reported a 19% revenue decline in the first quarter amid the coronavirus pandemic, despite strong growth in new users. The company said a recovery is underway. Read More

PUBG and Honor of Kings Are April’s Highest-Earning Games

 /  Game  / 
PUBG, a battle royale title developed by Chinese internet giant Tencent, retained its position as the world’s highest-earning mobile game in April as demand for digital entertainment increased amid the coronavirus pandemic. Read More

Baidu Beefs Up Development of Livestreaming and Short-Video Services

 /  Headlines From China  / 
Chinese internet search giant Baidu Inc. has pledged to plow massive resources into its short-video and livestreaming businesses, in a bid to gain a larger share of a sector dominated by ByteDance and Kuaishou. Read More

Stock Exchange Challenges Theater Giant Wanda Film’s Huge Write-Down

 /  Money  / 
Wanda Film Holding, China’s biggest movie theater operator controlled by billionaire Wang Jianlin, was questioned again by the stock exchange on its asset impairment and liquidity after it posted its first annual loss in five years as a publicly listed company. Read More

Shanghai to Get Shot of “Happiness” with Disneyland Reopening

 /  News  / 
Millions of Chinese kids will have something to look forward to, even as their schools reopen, with word that Shanghai Disneyland will also reopen on May 11. Read More

ByteDance’s TikTok Surpasses 2 Billion Downloads Globally

 /  News  / 
The ByteDance-owned short video app has amassed more than 2 billion downloads on Apple’s App Store and Google Play Store combined, a milestone that comes just five months after the app hit the 1.5 billion download mark. Read More

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