Tencent to Trim Workforce for Online Content and Cloud Business

 /  News  / 
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

IQiyi Shares Jump on Rosy Earnings Outlook Despite Widening Quarterly Loss

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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

China’s Video Game Studios Face Long March

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China's months-long suspension in issuing new gaming licenses has affected the industry. Read More

Tencent Unveils Three Computer Chips of Its Own Design

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Tencent Unveils Three Computer Chips of Its Own Design. Read More

ByteDance Pushes Into Property With New Real Estate Broker’s License

 /  News  / 
ByteDance Inc. is gearing up to enter China’s highly regulated rental housing market after obtaining a real estate broker’s license. Read More

Kuaishou Pulls Plug on Video App Zynn After Fleeting U.S. Success Tanks Amid Controversy

 /  News  / 
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

TikTok Overtakes Facebook as the World’s Most Downloaded App

 /  News  / 
TikTok tops the list of social media providers in a global survey of downloads in 2020.  Read More

China’s TikTok Denies Facial Scanning Tech Collects Personal Data

 /  News  / 
ByteDance Inc. denied that its Douyin app, the Chinese version of TikTok, uses facial scanning technology to access users’ personal information. Read More

Social Media Site Xiaohongshu to Ax Some Rival Product Links

 /  News  / 
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

Out-of-Favor Jack Ma Tops Forbes China Philanthropy List With $494 Million in Donations

 /  News  / 
E-commerce giant Alibaba founder Jack Ma took the top spot on the 2021 Forbes China Philanthropy List. Read More

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