TikTok is World’s Highest-Earning Non-Game App Despite U.S. and India Headwinds

 /  News  / 
Despite losing India, a market that contributed a large part of its global downloads, and uncertainties over its fate in the U.S., ByteDance-owned short video app TikTok was still the world’s most downloaded and highest-earning non-game app in September. Read More

Chinese Video Streamer Says Internal Review Debunks Fraud Claims

 /  Legal  / 
Chinese video streaming firm iQiyi said in a statement on Monday that its internal review into the financial fraud allegations made by American short seller Wolfpack Research “did not uncover any evidence that would substantiate the allegations.” Read More

Video Site Operator Mango Plans to Raise $660 Million to Expand Content Library

 /  Money  / 
Mango Excellent Media Co. Ltd., the operator of Chinese online video platform Mango TV, said Monday that it plans to raise 4.5 billion yuan ($660 million) through a share sale that will enable it to expand its content library and establish new technological platforms amid intensifying competition with rivals iQiyi, Youku and Tencent Video. Read More

Short Video Firm Kuaishou Optimizes Its E-Commerce By Connecting Livestreamers With Quality Products

 /  Livestreaming  / 
TikTok rival Kuaishou is doubling down on efforts to expand its e-commerce presence with the introduction of a product pool as the company has seen a surge in online shopping orders generated on its platform. Read More

Tencent’s PUBG Still Highest Earning Game Despite Indian Ban

 /  Game  / 
Last month, PUBG Mobile and its Chinese mainland version “Game For Peace” generated more than $221 million in revenue, representing a year-on-year increase of 25.5%, according to statistics provided by research firm SensorTower. Read More

Video Streamer iQiyi Kicks Up Its Sports Game with FC Barcelona Tie-Up

 /  Sports  / 
iQiyi Sports, a joint venture between Baidu-backed iQiyi and Super Sports Media, is teaming up with FC Barcelona to create a dedicated channel in China for the top-tier Spanish football club in the 2020/2021 season, the company said on Tuesday. Read More

TikTok Retains Pole Position as World’s Highest-Earning Non-Game App Despite U.S. Threats

 /  News  / 
Despite losing the Indian market and President Donald Trump’s threat to ban it in the U.S., ByteDance-owned TikTok was still the world’s highest-earning non-game app in August, although the app’s August earnings were less than those of the previous three months. Read More

Chinese ‘Mixed Reality’ Specs Maker Nreal Bags $40m Combining VR With Real Life

 /  News  / 
Chinese “mixed reality” startup Nreal has bagged $40 million in its series B1 funding round to bankroll its research and development of mixed reality glasses. Read More

Chinese Short Video Platform Kuaishou Increases Livestreaming E-Commerce Investment with Massive Incubation Plan

 /  News  / 
TikTok rival Kuaishou is upping the ante in plans to boost its booming e-commerce business, as a growing number of people cash in on livestreaming to sell products on the Chinese short video platform. Read More

Top Japanese Lawmaker Suggests TikTok Sells Local Business to Address Security Concerns

 /  Legal  / 
Japan is tightening the screws on the embattled TikTok, with a top lawmaker suggesting that changing the ownership of the ByteDance-owned short video app’s Japan business could help address mounting data security concerns. Read More

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