Tencent Holdings is planning job cuts affecting two of its six major business divisions, though the size of the workforce reduction will be smaller than expected, multiple sources from the company told Caixin. Read More
Aside from ongoing data compliance and antitrust scrutiny of China’s internet industry, iQiyi has been vulnerable to a political campaign against fan cultures. Read More
Kuaishou Technology, whose eponymous app is a major rival to ByteDance Inc.’s Chinese version of TikTok, said that it will stop services for another of its offerings, Zynn. Read More
ByteDance Inc. denied that its Douyin app, the Chinese version of TikTok, uses facial scanning technology to access users’ personal information. Read More
Although social media platform Xiaohongshu attracts large amounts of investment from advertisers, it has so far failed to achieve high conversion rates on its own shopping platform. Read More
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