Video Platform Douyin Sues Tencent for Defamation

 /  Legal  / 
The court in Beijing’s Haidian district has accepted a case brought by Bytedance-operated short video platform Douyin which is suing Tencent for defamation and requesting RMB 1 million in damages including an apology. Read More

Douyin is the Most Downloaded App in the Apple App Store

 /  Technology  / 
Douyin has become the world most downloaded non-game app in the iOS App Store, according to market research company SensorTower. The short video app has been downloaded 45.8 million times from the App Store during the first three months of 2018 exceeding Facebook, Instagram, and YouTube. Read More

Alibaba Props up Its Gaming Unit by Acquiring Rights to Travel Frog

 /  Game  / 
Alibaba is serious about challenging Tencent and NetEase in the gaming arena and Travel Frog is another step in that direction. Read More

One of China’s Biggest Live Streaming Platforms Files for HK IPO

 /  News  / 
Popular live streaming platform Inke (映客) has submitted its first edition of an IPO prospectus to the Hong Kong stock exchange. The company didn’t indicate how much funds it plans to raise. Read More

Streaming Platform Douyu to Get RMB 4 Billion from Tencent

 /  Game  / 
Tencent has been backing the platform since March 2016 when it led a $100 million B financing round along with Sequoia and Nanshan Capital. It also participated in Douyu’s RMB 1.5 billion worth C financing round in August the same year. Read More

New Report Paints Glowing Future for Online Video in China

 /  News  / 
The report has identified five key trends in China’s online audio-visual sphere. Read More

Chinese Streaming Site AcFun Shuts Down for Reasons Unknown

 /  News  / 
AcFun, a Chinese live streaming and video sharing service dedicated to “Anime, Comics, and Fun,” has reportedly been offline for several days with users unable to log in. Read More

LeTV’s New Q3 Numbers Paint Grim Reality For the Company

 /  News  / 
LeTV—which has recently changed its name to New Leshi as a symbolic new beginning—did not manage to shake off the numbers that came with its former name. Read More

China’s Tech Giants are Increasingly Blurring the Boundaries Between Sectors: McKinsey Report

 /  Chinasplaining  / 
“Ecosystem” is a word that gets thrown a lot in the tech industry but there is a definition of this buzzword which is actually worth your attention. Read More

After Live Streaming Success, Momo Looks to More Video Offerings

 /  News  / 
China’s biggest location-based social network, Momo, has set out to find the next big thing in China’s social trends. Read More

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