Mobile Game Revenue Growth in Recovery But Hurdles Remain: Report

 /  Game  / 
Revenue growth for China’s mobile games industry rebounded after government approvals resumed late last year, though the industry has been steadily losing user time spent to short videos, according to recent research. Read More

TikTok Narrows Focus to US, Japan, and India as Key Growth Markets

 /  News  / 
TikTok has removed the UK from a group of four countries it had previously deemed strategically important. The US, Japan, and India markets have been assigned their own general managers while others only have product managers at present. Read More

Douyin and TikTok Rake in $11.7 Million in User Spending in July

 /  News  / 
Short video app Douyin and its overseas version TikTok grossed a total of $11.7 million through in-app sales of virtual coins in July, increasing by 290% year-over-year, according to mobile app intelligence firm Sensor Tower. Read More

Tencent’s PUBG rebrand is world’s top-grossing mobile battle royale title

 /  Game  / 
Player spending in the title surged 748% year on year in July. Read More

Tencent Aims to Challenge Douyin with $1.5 Billion Investment in Kuaishou

 /  News  / 
Tencent is in talks with short video app Kuaishou, known as Kwai in English, about investing between $1 billion and $1.5 billion in the platform. Details of a potential deal have already emerged on Chinese financial blog IPO Zaozhidao. Read More

Bytedance Has Reportedly Acquired UK Music AI Startup, Jukedeck

 /  News  / 
Bytedance has acquired Jukedeck, a startup in the UK which enables users to create music generated by artificial intelligence (AI) Read More

Tencent to Develop New Pokémon Game with The Pokémon Company

 /  Game  / 
Tencent’s TiMi Studio Group will team up with Nintendo-backed Pokémon Co. to develop a new Pokémon game, according to a statement Tencent posted on its official Weibo account for games on Monday. Read More

TikTok Faces New Round of Scrutiny in India with IT Ministry’s Query

 /  News  / 
India’s Ministry of Electronics and IT has requested short video app TikTok respond to a query containing 24 questions about content quality, data privacy, and age restrictions. Read More

Live-streaming Platform Inke Acquires Social App Jimu for $85 Million

 /  Money  / 
Live-streaming platform Inke announced on Sunday that it acquired interest-based social app Jimu for $85 million. Read More

Douyu Moves Listing from NYSE to Nasdaq

 /  Money  / 
Game live-streaming platform Douyu has switched its IPO to the Nasdaq Global Select Market from the New York Stock Exchange, according to the company’s SEC filing on Monday. Read More

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