Chinese e-sports video streaming app Douyu has been taken down from the Chinese iOS app store. The news comes just one day after “WeChat rival” Bullet Messenger was removed from the iOS App Store on October 9. Read More
Douyin's huge popularity among Chinese young people and its ability to influence consumer behaviors led many internet and e-commerce firms to create their own short-video apps. Read More
Baidu-owned video streaming platform iQiyi is taking the massively popular short video format and targetting a previously untapped segment of the market: the elderly. Read More
On August 13, Tencent's e-book unit China Literature announces that the company is in a deal to acquire film & TV production company New Classics Media (NCM) for up to $2.25 billion. Upon completion of the acquisition, New Classics Media will become China Literature's wholly-owned subsidiary. Read More
Shortly after widely circulated rumors about a Hong Kong IPO, Tencent-backed Douyu is reported to have turned its favors to the US stock market. Read More
The majority of the top 10 most profitable Chinese companies are banks or insurance companies. Exceptions include internet companies Tencent and Alibaba. Read More
Bad Robot, the media vehicle of Hollywood producer, director and writer J.J. Abrams, said it has entered a strategic partnership with Chinese internet giant Tencent Holdings Ltd. to create games spanning mobile, PC and console formats. Read More
China’s Netflix equivalent, iQiyi Inc., has finally jumped on the Chinese craze for short-video apps, saying its new app will become the company’s major offering over the next one to three years. Read More
This week, Tencent released the company's Q1 2018 financial report. According to the report, the company's total revenue during the reporting period was 73.53 Billion ($11.53 Billion), a 48 percent jump compared to the same period last year. Read More
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