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

Jun 18, 2020 / 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

ByteDance to Close Smaller Short Video App in India, Focus on TikTok

Jun 17, 2020 / News /

Chinese tech unicorn ByteDance has announced it will shut down its lesser-known video sharing app Vigo Video in India by Oct. 31, as its flagship TikTok app gains traction in the South Asian country. Read More

Mango TV Shines on Unconventional Reality Show

Jun 16, 2020 / Celebrity /

Mango TV, the online video platform affiliated with Hunan Broadcasting System, launched the reality talent show whose Chinese name translates to “Sisters Who Brave Winds and Waves.” The first episode has received 400 million views so far and sparked a rally for shares of Mango Excellent Media Co. Ltd., operator of Mango TV. Read More

Chinese Video Giant iQiyi Hires Former Netflix Executive for Global Expansion

Jun 15, 2020 / 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

TikTok Rival Kuaishou Builds $1.4bn Data Center In China

Jun 11, 2020 / News /

Chinese video sharing app Kuaishou will spend about 10 billion yuan ($1.41 billion) to build its largest data center, as the company looks to support a user base poised for continued growth in a post-coronavirus market. Read More

Tencent Targets Japan Anime, Manga to Jump-Start Global Growth

Jun 10, 2020 / Animations /

Tencent Holdings Ltd., spurned in years past by Japan’s guarded entertainment industry, is rekindling its courtship of the country’s fabled anime and manga houses. Read More

TikTok Owner ByteDance Increasing Indian Operations: Reports

Jun 3, 2020 / News /

ByteDance is reportedly opening its second corporate entity in India to provide information technology services to all of its platforms worldwide, the latest sign that the Chinese tech unicorn is expanding its global footprint. Read More

NetEase Starts $2.6 Billion Hong Kong Secondary Listing

Jun 2, 2020 / News /

Chinese online gaming company NetEase kicked off its secondary listing in Hong Kong to raise about $2.6 billion, based on a term sheet seen by Caixin. Read More

Video Streamer Bilibili Plans to Issue $650 Million in Convertible Bonds

Jun 1, 2020 / 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

Tencent Takes 20% Stake in Japanese Video Game Firm Marvelous

May 27, 2020 / Game /

Tencent has reportedly agreed to invest 7 billion yen ($65 million) for a 20% stake in Japanese video game developer Marvelous, the latest sign that the Chinese tech giant is further expanding its video gaming empire overseas. Read More

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