Kuaishou, one of China’s most popular video apps, confirmed on Tuesday that it has completed the purchase of AcFun to fully own China’s largest online video hosting platform.
Tujia.com, Airbnb’s equivalent in the China market, denied the rumor of a possible merger on June 1, stating that the two short-term rental service platforms have not been in any form of contact.
China’s Tencent and Alibaba stayed among the top 10 of the 2018 BrandZ Top 100 Most Valuable Global Brands ranking released by WPP and Kantar Millward Brown on Tuesday.
Chaping, an independent tech media on Tencent‘s WeChat platform, announced on Monday that it will voluntarily refund the investment to Tencent after an online outcry about its series A funding from the Chinese tech giant.
The tragic murder of female passenger, who happened to be an attractive flight attendant, in a Didi Hitch ride early this month was not the first sexual assault case the largest Chinese car-hailing service provider has dealt with.
