Tencent is in talks with short video app Kuaishou, known as Kwai in English, about investing between $1 billion and $1.5 billion in the platform. Details of a potential deal have already emerged on Chinese financial blog IPO Zaozhidao. Read More
In Southeast Asia where smartphone is used by a large percentage of the population, the region also becomes a battleground for video streaming platforms, including Netflix and China's Tencent. Read More
China’s largest state-backed online video subscription service plans to use the 2 billion yuan ($289 million) from its latest fundraising round to create more original programming, as the Netflix-like platform ratchets up its efforts to take on its privately owned peers. Read More
Video game live-streaming platform Douyu on Monday filed its initial public offering (IPO) in the US, with plans to raise up to $500 million. Read More
Tencent-backed Kuaishou aunched on Thursday a “youth mode” that restricts underage user access on the platform, following Douyin in creating in-app ecosystems designed specifically for young users. Read More
Tencent Pictures co-financed and co-produced Terminator: Dark Fate, which is a trilogy of stories. For its theatrical release in China, Tencent Pictures will provide marketing support. Read More
Short-form video has no doubt captured the marketing world for its appeal among China’s youth, but if a series of recent deals by Alibaba and Tencent are anything to go by, it’s not over yet for Chinese long-form video content creators. Read More
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