NewsFormer Didi executive joins ByteDance’s Douyin HuoshanDouyin Huoshan and Douyin have more than 600 million daily active users. 2 mins read
Latecomers have to be able to endure large-scale losses, says Haitong’s Natalie Wu. NewsByteDance and Kuaishou venture into China’s red-hot group-buying sector2 mins read
Kuaishou users bought goods worth USD 16.56 billion between January and June while watching short videos or livestreams. NewsKuaishou acquires payment license amid booming e-commerce and livestreaming2 mins read
Platforms need to assign content moderators for every 50 online livestreaming channels. NewsChina blocks teens, unverified users from spending on livestreaming apps2 mins read
Approximately 86% of TikTok’s revenue came from Douyin in China. NewsKEY STAT | Tiktok and Douyin are the top-grossing apps worldwide for the seventh month2 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
Tencent, which has backed Kuaishou since 2017, will be a cornerstone investor in the IPO. NewsAlibaba and Jack Ma’s YF Capital to join Kuaishou’s upcoming Hong Kong IPO2 mins read
ByteDance said that it is considering to spin off some businesses for standalone listings, but that has yet to be finalized. NewsByteDance considers listing Douyin business in Hong Kong1 min read
The company will use new funds to build e-sports facilities and roll out short video e-sports content, among other initiatives. NewsTencent and Kuaishou invest in e-sports startup VSPN2 mins read
