AI Platform Developer Cloudwise Raises $150 Million

 /  News  / 
Cloudwise, a Beijing-based company that develops artificial intelligence for IT operations platforms, has raised $150 million in a series E funding round led by Sequoia Capital China. Such platforms use big data, AI algorithms and other analytics technologies to enhance the efficiency of operations like monitoring, automation and service desks. The round attracted several other Read More

TikTok Partners with Universal Music, Home of Kanye West, Rihanna and Taylor Swift

 /  Business  / 
TikTok has announced a new partnership with Universal Music Group (UMG), offering its users more options to use authorized music for their content shared on the hugely popular short video platform. Read More

Kuaishou Mired in Music Copyright Troubles on Eve of Hong Kong Share Trading

 /  Legal  / 
A Chinese copyright body has requested Kuaishou remove 10,000 videos from its platform for alleged infringement of intellectual property rights, and that may just be the start. The order comes as the short video app prepares to trade its shares in Hong Kong. Read More

Tencent-Backed Esports Startup VSPN Closes $60 Million Funding

 /  Esports  / 
Shanghai-based esports event organizer Versus Programming Network (VSPN) has raised $60 million in its series B+ funding round, as esports’ inclusion in the lineup for the 2022 Asian Games as a full medal event has increased investor interest. Read More

Tencent Music to Buy Audiobook Platform Lazy Audio for $416 million

 /  Music  / 
Tencent Music Entertainment Group (TME), a unit of internet giant Tencent, is expanding its business scope with a deal to buy Lazy Audio, a Chinese provider of audio entertainment including audiobooks, comedies, podcasts and radio shows. Read More

Chinese Video Streamer iQiyi Targets U.S. Market With Animation on Nickelodeon

 /  Streaming  / 
iQiyi said on Thursday that its original computer generated animated series “Deer Squad” will premiere on the child-focused television channel Nickelodeon in the U.S. on January 25, the latest sign that the Chinese online video giant is trying to reach global audiences. Read More

U.S.-Listed Video Streamer Bilibili Files for Secondary Listing in Hong Kong, CNBC Reports

 /  Money  / 
Nasdaq-listed Chinese video streaming firm Bilibili has reportedly confidentially filed for a secondary listing in Hong Kong. Read More

TikTok Sister App Douyin Fined for Spreading Sexual and Improper Content in China

 /  Legal  / 
Douyin has been slapped with the maximum penalty for spreading “obscene, pornographic and vulgar information” online. Read More

Tencent-Led Consortium to Increase Stake in Universal Music Group to 20%

 /  Money  / 
A consortium led by Tencent will buy an additional 10% stake in Universal Music Group (UMG) from French media conglomerate Vivendi, increasing their holding in the record label to 20%, as Tencent aims to dominate the Chinese music streaming market, according to a statement on Friday. Read More

Fashion E-Retailer Mogu Gets Livestreaming Lift in Otherwise Dismal Quarter

 /  Fashion  / 
Despite suffering a dramatic revenue drop in the third quarter, Chinese fashion e-commerce firm Mogu posted solid growth in sales linked to its livestreaming business. Read More


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