The persistent war of anti-monopoly has been fueling up as ByteDance’s Douyin on Feb. 2 announced to sue tech giant Tencent for restricting users to share Douyin content on WeChat and QQ.
In 2020, a total of 37 Chinese mobile games have earned more than $100 million in overseas markets, according to the latest report from Sensor Tower.
On Jan. 31, Chinese smartphone maker Xiaomi announced to have sued the U.S. Department of Defense and the U.S. Treasury Department in hopes to reverse the executive order that bars American capital in the company.
Huabei and Jiebei, two micro-loaning platforms of Ant Group, have launched a quota management function to advocate rational consumption.
EV manufacturer Faraday Future has agreed to go public through a merger with the Property Solutions Acquisition Corp (PSAC) with the combined entity valued at $3.4 billion.
Fruit-themed WeChat game Merging Watermelon went viral over the weekend and is still trending on microblogging platform Weibo.
Jihan Wu, the co-founder of Bitmain, announced he will resign as CEO to resolve a year-long dispute with Micree Zhan, the other co-founder, according to an internal letter he issued.
OnePlus co-founder Carl Pei on Jan. 27 announced the establishment of his London-based new consumer technology startup Nothing, which obtained $7 million in fresh capital last December.
On the evening of Jan. 26, ByteDance CEO Zhang Nan issued an internal letter to the staff, announcing that Douyin, the Chinese version of TikTok, will be the exclusive red envelope interactive partner of the 2021 Spring Festival Gala.
Online K-12 education platform Huohua Siwei recently completed a Series E round of financing, raising more than $400 million through three stages - the E1, E2 and E3, respectively - of fundraising.
Surrogacy has sparked an unprecedented uproar on the Internet in China in the past week.
Chinese e-cigarette company RELX Technology on Jan. 22 was officially listed on the New York Stock Exchange (NYSE) under the symbol “RLX”, becoming the first Chinese e-cigarette brand to start public trading.
On Jan. 20, the third round of digital currency pilot testing, part of larger scheme to introduce the E-Yuan in mainland China, was launched in Shenzhen.
The lawsuit over the music copyright infringement of 72 songs between Alibaba Culture Media Co., Ltd. and Tencent was drawn to a court decision on Jan. 15, where Tencent paid 432,000 yuan in compensation to Alibaba.
China’s video streaming platform iQIYI held the Shout out for Love Gala 2021 on Jan. 15, becoming the first platform in the industry to use multi-screen interactive livestreaming.