NewsKEY STAT | Tiktok and Douyin are the top-grossing apps worldwide for the seventh monthApproximately 86% of TikTok’s revenue came from Douyin in China. 2 mins read
China’s two biggest short video platforms are racing to an IPO. NewsDouyin rival Kuaishou files for Hong Kong IPO, reveals loss of over USD 10 billion in first half3 mins read
Bytedance has been investing aggressively in the online reading sector, where Tencent is already a leading player. NewsByteDance injects USD 1 billion in online publisher Zhangyue, main rival of Tencent‘s China Literature3 mins read
SoftBank’s investment vehicle steps away from winner-takes-all playbook. InsightsVision Fund’s new strategy: smaller bets, bigger returns5 mins read
While ByteDance’s health business is still at an early stage, Alibaba and JD.com have already secured a firmer foothold in the sector. NewsByteDance launches new brand to expand in China’s booming online health sector2 mins read
A Biden administration could prompt a US-led coalition that heaps even more pressure on Chinese tech firms. InsightsWhat does the US election mean for Chinese tech companies?4 mins read
The new digital game marketplace specializes in casual and entertaining games. NewsByteDance launches mobile game distribution platform Danjuan2 mins read
Dali Education is just the beginning of a long journey in the industry, ByteDance founder Zhang Yiming said. NewsByteDance debuts new brand to reignite its education business2 mins read
Jack Ma’s retirement marks a new era for the country’s innovators. InsightsChina ‘second-generation’ internet entrepreneurs take helm4 mins read
NewsDeals in brief: Valtor secures Wavemaker backing, Qapita raises Series B funding, Accel and Peak XV invest in Supabase, and more