Headlines from China: Internet Giant Tencent’s Busy Investment Season

Internet Giant Tencent’s Busy Investment Season

A lot of people have noticed that Tencent is moving very quickly in its global investment expansion recently. On 04/03, Tencent purchased about $50 million of Class A ordinary shares in cash of Pinduoduo, one of the leading e-commerce players in China. This move is seen as Tencent’s another attempt to break into the e-commerce industry. In the past few weeks, Tencent has also announced its investment in Huya and its acquisition of Warner Music Group. There is no doubt that Tencent is building a global investment empire here. Read more on Whale Whistle

12-Episode Web Series “If There  is No Tomorrow” Buzzes to Strong Debut

Produced by the renowned Film & TV studio Daylight Entertainment, the 12-episode miniseries “If There is No Tomorrow” debuted on iQiyi a few days ago. With only half of the episodes released so far, this miniseries has generated sweeping positive reviews on both Douban and Weibo. No matter it is 5-10 minute short-format series, or miniseries that only have 12 episodes, 2020 online video industry has witnessed an explosive growth of short-length entertainment content. Will this be a turning point for future content creators? Read more on Entertainment Unicorn