Debuting to Rave Reviews, Chinese Drama ‘The Bad Kids’ Cuts Deep

 /  Streaming  / 
Directed by a former punk rocker, the wildly popular psychological thriller is driven by complex characters, including three children who inadvertently film a cold-blooded murder. Read More

Kuaishou to Build Livestreaming E-Commerce Base in Chengdu

 /  News  / 
TikTok rival Kuaishou on Wednesday said that it will invest 3 billion yuan ($424 million) to build a livestreaming e-commerce base in the western Chinese city of Chengdu, the latest sign that the video-sharing platform is increasing its bet on a sector that has taken off during the Covid-19 pandemic. Read More

Subculture Sellouts: Kuaishou and Bilibili Embrace Normcore

 /  Opinion  / 
Long known as havens for China’s marginalized, nerdy, and just plain weird, the two video platforms are trading their grassroots cred for a more yuppie-friendly image. Read More

Shares of Baidu-Backed iQiyi Jump After Reuters Reports Tencent Seeking Majority Stake

 /  News  / 
Nasdaq-listed shares of Chinese video streaming service iQiyi closed up 25.9% on Tuesday after a Reuters report revealed that Tencent is looking to buy a stake in the company in which its rival Baidu is currently the majority shareholder. Read More

Chinese Video Giant iQiyi Hires Former Netflix Executive for Global Expansion

 /  News  / 
The Nasdaq-listed Chinese video streaming giant has poached Kuek Yu-Chuang from its U.S. rival Netflix, hiring him as vice president of international business to oversee its strategic planning, marketing, business development and public affairs functions for its overseas businesses. Read More

Court Rules Against iQiyi for Charging Premium Subscribers Extra

 /  Streaming  / 
The Netflix-like video site had imposed a surcharge on its VIP users for advance screenings of a popular Chinese period drama. 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

Sony Takes $400 Million Stake in Chinese Streaming Site Bilibili

 /  Money  / 
Chinese video streaming platform Bilibili received a $400 million equity investment from Sony Corp.  Read More

Short Seller Accuses IQiyi of Revenue Fraud

 /  Legal  / 
A short seller firm has accused Chinese video-streaming platform Iqiyi of reporting inflated revenue figures and user numbers in 2019, following just days after US-listed Luckin Coffee’s explosive revenue fraud disclosure on Thursday. Read More